The Public Interest and Accountability Committee (PIAC) has indicated that surface rental payments to the state remain in arrears to the tune of US$2.1million for the year ending 2020.
According to the Committee in its statutory annual report, 2020, it identified that the US$1.6million surface rental arrears recorded in 2019...
Fuel consumers could be paying more for the product in coming days, as the price of crude on the international market rises in addition to a marginal depreciation of the cedi, says the Institute for Energy Security (IES).
This would be bad news for consumers, given that they have had...
Says Sankofa to deliver US$8.1bn revenue to state
Eni Ghana is not against the prospect of jointly developing its Sankofa field with Springfield’s Afina discovery, the Italian company has said.
Its Managing Director, Giuseppe Valenti, said the company is in dialogue with relevant authorities - Ministry of Energy and...
ExxonMobil has abandoned the country’s upstream hydrocarbon industry, a move the Institute for Energy Security (IES) says is strategic and will help it concentrate on quality assets in other jurisdictions.
Consistent with ExxonMobil’s global position, IES said the oil major might have decided against pursuing its Ghana business because the...
Nine Ghanaian cocoa farming unions have been awarded grants to invest in new climate-smart small businesses on behalf of their members, as part of a scheme implemented by Fairtrade Foundation.
Each new enterprise aims to pilot new ways for cocoa farmers to earn extra money to supplement their incomes and,...
The new ‘Cadbury Farmer Resilience Fund’ designed to protect cocoa farmer livelihoods during the COVID-19 pandemic is providing grants that will empower thousands of women farmers to start small businesses and earn a decent living.
Emerging from an existing partnership between Mondelēz International and Fairtrade under the Climate Change and...
The state cannot continue to watch on as Eni Ghana and Springfield Exploration and Production Limited continue to disregard a directive to unitise their Afina and Sankofa fields, the Institute for Energy Security (IES) has advised.
In a statement, it said the country stands to lose greatly if the unitisation is...
The Group CEO and MD of GOIL Company Limited, Mr. Kwame Osei Prempeh, has appealed to Ghanaians that they see GOIL as their own and invest in it for positive future returns.
Speaking at the commissioning of an ultra-modern Zonal Office at Kpone near Tema, Mr. Osei Prempeh said critical...
The Tema Oil Refinery (TOR) is determined to replace its damaged furnace by the fourth quarter, which will return the refinery to the name plate capacity of 45,000 barrels per stream day (BPSD), along with other strategic steps to revitalise the company.
Contrary to recent media publications that the refinery...
Only 10 percent of companies operating along the entire upstream oil and gas value chain are insured locally with the largest chunk getting insured internationally due to the lack of capacity by local insurer, Chief Executive Officer of Glico Group of Companies, Edward Forkuo Kyei, has said.
According to him,...