For the first time in the history of the Offshore Technology Conference (OTC), which is held annually in the American city of Houston, Ghana will have a Pavilion at the April 30 to May 3, 2018 event. This is according to the Commercial Section of the United States Embassy in...
Implementation of the Cylinder Recirculation Model, which is expected to begin this year, will create an estimated 4,500 new jobs along different levels of the supply chain. An official statement from the Corporate Affairs Division of the National Petroleum Authority (NPA) said: “Direct job losses are estimated to be about...
The General Manager of Cadbury Cocoa World, Mr. Gerrard Baldwin, has described the country’s cocoa as best quality and a key ingredient of Cadbury chocolates and other confectioneries. Mr. Baldwin said that about 25% of cocoa used for making Cadbury chocolates is sourced from Ghana. According to Baldwin, Cadbury World -...
Ghana Oil Company Limited (GOIL) has expressed interest in moving upstream to become a major player in the exploration and production business. Its Board Chairman, Kwamena Bartels, told shareholders at their 49th Annual General Meeting that the company intends to partner an international player with proven technical competence to operate...
Government is set to establish a refinery in Takoradi that will refine 150, 000 barrels of oil per-day, Energy Minister, Boakye Agyarko has revealed. The “new TOR”, as the Minister terms it, will be will reduce significantly, the amount of oil the country imports to meets its demands, and to...
Government’s fight against illegal mining has cut out supply to local jewellers whose main source of raw material is small-scale miners, pushing some to the brink of collapse. If government can help them find other sources of supply - since no one sets eyes on gold produced by large-scale multinationals...
Local participation in the upstream oil and gas sector will receive a major boost as the regulator, Petroleum Commission, moves to bridge the information gap in the award of procurement contracts through the first ever Local Content Procurement Conference. The aim of the conference is to provide a common platform...
A total of 1,000 Ghanaians will receive training annually as part of the newly launched Accelerated Oil and Gas Capacity Programme (AOGC), President Nana Akufo-Addo, has said. Two hundred Small and Medium Scale Enterprises (SMEs) will also be provided with the capacity to gain a competitive advantage in the industry...
The Ghana Cocoa Board (COCOBOD) has outlined plans to sell bills and notes to fund a nationwide cocoa-replanting programme, in an effort to boost yields following an outbreak of disease. In late December, international media reported that COCOBOD - the industry regulator - was considering a plan to sell 182-day...
The Ghana Oil Company Limited (GOIL), Petroleum Commission of Ghana and Ghana Ports and Harbour Authority (GPHA) Takoradi have expressed confidence in curbing the menace of illegal bunkering that has damaged the country’s oil and gas. After an inspection by a delegation from the Petroleum Commission at the US$15m Marine...