By Juliet Aguiar DUGBARTEY, Takoradi
For the second time in a row, the Ministry of Finance has failed to deposit over US$70million in proceeds from the Jubilee Oil Holding Limited (JOHL) lifting into the Petroleum Holding Fund (PHF) as mandated by law, says the Public Interest and Accountability Committee (PIAC).
This...
lowest since 2021
as trade surpluses mask lack of real growth
By Joshua Worlasi AMLANU
Cocoa exports plunged in the first quarter of 2024 - dampening growth of the country's trade surplus, fresh data have shown.
While the surplus is widening in nominal terms, this has been mainly due to rising...
By Kizito CUDJOE
The African Petroleum Producers’ Organization (APPO) has wrapped up its roundtable on gas flaring and fugitive methane emissions, with industry stakeholders pledging to combat environmental challenges through joint initiatives, stringent policies, and innovative technologies.
The two-day event, held in Accra, was co-organized by the Petroleum Commission and brought...
In September, Equatorial Guinea will host the maiden edition of the Intra Africa Coffee and Cocoa Trade Week (IACCTW).
At a time that AFCFTA is all the rage, this event will seek to showcase the vast potential of intra-African trade, exemplified by the specific commodities of coffee and cocoa, as...
By Kizito CUDJOE
Domestic crude oil production has continued its significant decline for the fourth consecutive year. In 2023, there was a notable decrease in output with production plummeting to 48.25 million barrels (bbls) - down from a peak of 71.44 million barrels in 2019.
Moreover, from the three producing oil...
By Kizito CUDJOE
The Minerals Income and Investment Fund (MIIF) is actively working on launching a physical gold-backed Exchange Traded Fund (ETF), set to be listed by the fourth quarter of 2024 according to MIIF's Chief Executive Officer, Edward Nana Yaw Koranteng.
“The ETFs will be backed by physical gold bullion...
By Festus William AMOYAW
The Liquefied Petroleum Gas (LPG) downstream sub sector is similar to the other petroleum products downstream with the same regulator, the National Petroleum Authority (NPA). The LPG subsector unlike the others is solely controlled by Ghanaians and is the only sector of the economy of...
The National Petroleum Authority (NPA) has implemented strategies to eliminate huge jump in the price of Liquefied Petroleum Gas (LPG) due to the implementation of the Cylinder Recirculation Model (CRM).
One of the strategies is the introduction of a tender programme for the importation of LPG, which has significantly reduced...
Otumfuo Osei Tutu II, has reminded the governing board of the Ghana National Petroleum Corporation (GNPC) about the pivotal role the corporation plays in the economic development of Ghana.
According to him, GNPC is one of Ghana’s crucial pillars which plays a pivotal role in the development of Ghana.
Otumfuo Osei...
The National Petroleum Authority (NPA) has urged motorists to immediately report fuel stations suspected of cheating to the Authority.
The Consumer Services Manager of NPA, Mrs. Eunice Budu Nyarko, who made the call, said that when complaints are made within 48 hours of fuel purchase, prompt investigations are conducted to...