Management of Sunon Asogli Power Ghana Limited have assured Energy Minister Dr. Mattew Opoku Prempeh of full support and cooperation in the power sector.
The Director of Ghana's largest independent power producer, Togbe Afede XIV, last week led a six-member delegation to pay a visit to the sector minister at...
The country’s Sinking and Contingency Funds have both been denied their overdue revenue to the tune of US$33.34 million, for the year-end December 2020, as mandated by law.
The two funds take their revenue source from the Petroleum Holding Fund (PHF) in which the underlying law places a cap of...
Ghana's President Nana Addo Dankwa Akufo-Addo has taken the boldest economic step in recent memory by announcing that Ghana will no longer export raw cocoa to Switzerland – and, perhaps, other western countries. Rather, the world’s second-largest producer of cocoa will increase cocoa processing and chocolate production for export.
Switzerland...
The CEO of the Ghana Upstream Petroleum Chamber, David Ampofo, has said there is sufficient locally produced natural gas offshore in addition to imports from Nigeria to satisfy the demand for gas in the country now and in the medium term.
He said, “the importation of LNG is rather late...
…as companies switch to renewables
The Civil Society Platform on Oil and Gas (CSPOG) has called for urgent steps to contain the risk of stranded oil wells, as oil producing companies show disinterest in exploring and producing the commodity in Ghana.
According to the group, investments in exploration and new development...
Stakeholders in the mining sector have called for broader stakeholder consultation on the Agyapa Royalties Agreement to ensure that the country is not shortchanged. To them, the suspension of the Agyapa Royalty deal until proper measures are taken to ensure citizens benefit is good for the nation and the citizenry.
Executive...
says facility will cushion energy security, offer cheaper gas
projects demand to outstrip current supply
The Ghana National Petroleum Corporation (GNPC) has said the new regasification plant being constructed at the Tema Liquefied Natural Gas (LNG) Terminal will safeguard the country’s future energy needs and usher in an era...
The Energy Minister Dr. Mathew Opoku Prempeh has said the Akufo-Addo-led government will support the Tema Oil Refinery (TOR) to become a premium refinery in the sub-region. The support he mentioned could among other things be in the form of strategic partnership aimed at making TOR realise its fullest...
Tullow Oil reported a post-tax loss of US$1.22 billion for 2020, but is confident that its Ghana business, where it plans to drill four wells this year, will deliver sustainable and profitable production.
“We will start a multi-year, multi-well drilling programme in Ghana next month to deliver sustainable and profitable...
Ghana turns 64 years today, since freeing itself from the grip of colonial rule on that fateful occasion of March 6, 1957 - becoming the first sub-Saharan nation to attain the enviable status of an independent country. From the period of independence to date, a lot has happened in...