For a record time, Ghana’s cocoa yields for the 2020-21 crop year soared to over one million tonnes, according to data from the Research, Monitoring and Evaluation Department of the Ghana Cocoa Board (COCOBOD). This is after nine years of turbulent annual production since the crop year 2010/11, with...
The Ghana Oil and Gas Service Providers Association (GOGSPA) has dragged Tullow Ghana Limited before the Accra High Court, Commercial Division, over alleged violation of local content laws.
The plaintiff is praying the court to halt the defendant from re-awarding any petroleum contract being executed by indigenous companies to foreign...
With health and safety as a priority, Tullow Ghana has attained a remarkable drilling operation without lost time injury. Lost time injury (LTI) refers to any injury sustained by an employee that leads to loss in productivity, and delays in production.
Presently, the Tullow team have impressively clocked over 500...
Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has lamented the inefficiencies within management of the country’s resources - which he underlines has been a critical setback to increasing Ghana’s crude oil production.
Ghana has signed eighteen petroleum agreements/contracts (PAs) since 2004 covering its offshore basins:...
The upstream petroleum industry awarded contracts worth US$3.6billion to indigenous companies over the last three years, thereby deepening the local content policy.
The contracts were awarded between 2018 and 2021 by upstream petroleum exploration and production firms as part of efforts to increase local participation, says the Ghana Upstream Petroleum...
Fairtrade Africa has organised its General Assembly (GA) last week in Accra, Ghana for Fairtrade certified producer organisations across the continent. The GA is the highest decision-making body of Fairtrade Africa, constituted by representatives of producer organisations across Africa who meet annually to deliberate on topics related to trade,...
(Bloomberg) — Shell Plc, ExxonMobil Corp., Chevron Corp. and Equinor ASA plan to withdraw multibillion-dollar lawsuits against Nigeria’s state energy company after finalizing new terms for deepwater oil production in Africa’s largest crude producer.
In letters to two New York federal judges on Aug. 22, the oil majors said they...
The Group Chief Executive Officer and Managing Director of GOIL, Mr. Kwame Osei Prempeh has paid a working visit to the BOST Terminal at Buipe in the Savannah Region.
The visit was to acquaint him with operations of the terminal facility.
The depot has a total storage capacity 50,000 cubic meters...
Beginning October 2022, gold licence holders are mandated to file monthly returns on all gold purchases in the country, the Precious Minerals Marketing Company (PMMC) has directed.
This new directive is in line with the PMMC’s efforts and mandate - as the sole assayer of gold in the country -...