In early 2020, the oil market appeared to have weathered the storm of the 2015 price collapse, having responded with considerable accomplishments. By November 2017, domestic crude oil production had recorded its highest level in U.S. history. International trade in crude oil and petroleum products was booming with exports...
The Ghana Oil and Gas Insurance Pool has been leading in underwriting upstream oil and gas insurance risks over the last couple of years.
The Pool was set up in 2010 to exclusively underwrite assets and liabilities in exploration through to production and decommissioning phases, and has over the last...
Stakeholders in the Ghanaian chocolate industry have said the euphoria surrounding a new production record of 1.03 million metric tonnes (MT) of cocoa beans by COCOBOD for the 2020/2021 crop season, would further overshadow campaigns for value addition to the commodity.
The absence of a clearer approach and roadmap to...
Puma Energy Distribution Ghana Limited, one of Ghana’s leading Oil Marketing Companies (OMCs) on Wednesday, August 11, launched their Infrastructure Site Safety Campaign in Takoradi.
Dubbed ‘Safety is Personal’ is premised on the need to personalize safety at Puma Energy’s nationwide to give staff a sense of ownership. The campaign...
A Memorandum of Understanding (MoU) has been signed between the Ghana Commodity Exchange and FBNBank. As part of the collaboration, FBNBank is to provide Aggregation Finance to members of the Exchange and collaborate with GCX in the Warehouse Receipt Financing Programme while partnering with the Exchange to build the...
…IMF wants it added to public debt
The Ghana Cocoa Board (COCOBOD) is currently exploring options to refinance its debt, which was 2.5 percent of GDP at end-2020 and includes a longer-term forex (FX) collateralised loan.
According to the International Monetary Fund’s (IMF) 2021 Article IV report, this has become necessary in...
GOIL Company Limited has opened its 410th station at Darkuman in Accra, with a promise to reach all underserved communities across the country.
Group CEO and Managing Director of GOIL Company Limited, Mr. Kwame Osei Prempeh, disclosed this when he officially opened the modern one-stop shop service station near the...
…produces 1,033,132.19 metric tonnes for the 2020/2021 crop season
Ghana has achieved a new cocoa production record of 1,033,132.19 metric tonnes for the 2020/2021 crop season – beating a 10 year-record production of 1,024,000 metric tonnes in the 2010/2011 crop season, COCOBOD has announced.
With about six weeks to end the...
Puma Energy, a leading multinational oil marketing company in Ghana, has added another branch to its nationwide rollout. The new Pantang retail service station adds to over 80 retail sites nationwide.
The Pantang retail service station was officially opened to the public with the ever-present Puma Energy top-tier customer service...
A 1,000-day period without Lost Time Injury (LTI) in the petroleum industry is impossible, critics will say - but Tema Tank Farm Limited (TTF), a subsidiary of Chase Logistics Group Limited, has proven critics wrong by achieving the milestone of 1,000 days without LTI in its operations.
This significant achievement...