A Hight Court has ordered Italian oil and gas firms ENI and Vitol to set aside 30 percent of oil proceeds from the Sankofa Field in an escrow account, pending the final determination of an application filed by Springfield E&P - a wholly Ghanaian-owned upstream firm.
The two oil companies...
A Commercial High Court has ruled in favour of Springfield Exploration & Production (SEP) Limited to freeze 30% of revenues received by Eni and Vitol from the sale of crude oil from the Sankofa field, which is operated by Eni Exploration and Production Ghana Limited and the subject matter...
The Ghana Cocoa Board (COCOBOD) is planning to electronically pay all its farmers to stimulate the digital economy and also ensure the security of funds, a Deputy Chief Executive Officer at COCOBOD, Dr. Emmanuel Opoku has said.
The move which is expected to be piloted at the coming cocoa season...
...looks to brighter 2021
GOIL Company Limited will pay shareholders GH¢0.045 per share as dividends for 2020, despite the economic downturn caused by the Coronavirus pandemic, its Board Chairman, Kwamena Bartels, has disclosed.
Addressing shareholders at the company’s 52nd Annual General Meeting (AGM) held virtually, Mr. Bartels noted that GOIL’s growth...
Puma Energy Distribution Ghana Limited one of Ghana’s leading Oil Marketing Companies (OMCs) has dropped its price per litre at the pump to GH¢5.99. The reduction, according to the company, is consistent with its commitment to offering value to its customers.
All 84 branches nationwide have as of June 16...
President Akufo-Addo has appointed former Minister for Inner City and Zongo Development, Dr. Mustapha Abdul-Hamid as the new Chief Executive Officer of the National Petroleum Authority (NPA).
He is expected to assume office on July 1, 2021 and will succeed Alhassan Sulemana Tampuli, now a Member of Parliament for Gushegu.
A...
linking Production & value-addition investment Strategy to the economic sustainability of Cocoa farming & Ghanaian investors.
On the 27th of May 2021, Ghana Investment Promotion Authourity (GIPC), organised the GIPC Cocoa Value Chain Investment Meeting with key stakeholders in the sector. As a cocoa farmer’s son with a keen personal...
PETROSOL Ghana Limited, a leading privately-owned Ghanaian Oil Marketing Company(OMC), has received triple International Organization for Standardization (ISO) certification. These are ISO 9001: 2015–Quality Management System; ISO 14001:2015–Environmental Management System and ISO 45001: 2018–Occupational Health & Safety Management.
According Mr. Michael Bozumbil, the Chief Executive Officer of PETROSOL, the certifications...
… GTA finally issues guidelines to operators
The Ghana Tourism Authority (GTA) has given the greenlight for cinemas and theatres nationwide to resume operations after 15 months of closure of their facilities.
The closure has cost the industry some US$5 million ever since facilities were closed to curb the spread of...
Tullow Oil has announced the constitution of a Tullow Ghana Advisory Board to provide strategic guidance and advice on its operations in Ghana and the delivery of its 10-year business plan. The Advisory Board will also provide counsel on managing key relationships in Ghana and will assist with Tullow...