… to cut down energy cost and guarantee constant supply
Board Chairman of Nuclear Power Ghana (NPG), Fred Oware, has said the country is planning to switch its energy base-load – the permanent minimum load that a power supply system is required to deliver – from the Akosombo and Kpong hydro power...
… despite rise in volumes traded
The nation’s bourse, the Ghana Stock Exchange (GSE), witnessed a bearish run in the equity and bond markets for August that eroded gains recorded on the market in July, the GSE monthly report has revealed.
The development, which is sure to a leave a section...
As Ghana is considered an emerging player in the oil and gas sector, the Petroleum Commission set up in 2011 was charged to regulate the upstream (exploration and production) industry after commercial production began in 2010.
Due to the strategic and effective regulatory policies implemented by the petroleum commission, many...
Research agency Standard & Poor’s (S&P's) Global Market Intelligence says major gold miners globally have seen their economically mineable gold reserves decline over the last decade, owing to a lack of new discoveries and a shift away from growth strategies to margin preservation.
With top producers facing declining production profiles,...
The Ghana Oil and Gas Insurance Pool (GOGIP) raked-in a gross premium income of about GH¢302million (US$63million) in 2018 and GH¢267million (US$48million) in 2019, representing a dip of about 12%.
According to latest reports from the National Insurance Commission (NIC), GOGIP is made up of 22 non-life insurance company and...
The Public Interest and Accountability Committee (PIAC) has warned against the use of oil revenue as collateral for government borrowing, arguing that the practice could prevent the country from making the most of its hydrocarbon resources.
The warning comes after an analysis by PIAC showed that between 2014 and 2019,...
Ghana’s domestic card, the gh-link card has received a major boost as Shell has begun deploying Point of Sale (POS) devices that accept the domestic cards, at their fuel filling stations. Shell is the second oil marketing company to accept gh-link cards after GOIL. The deployment is being enabled...
The Ghana Upstream Petroleum Chamber has called on the Secretary to the Economic Management Team, Prof. Joe Amoako-Tuffour, in the Vice President’s office at Jubilee House.
The team was led by Mr. Joe Mensah, Senior Vice President & Head of Kosmos Energy Ghana; Chairman of the Council of the Chamber,...
….as group launches cocoa advocacy initiative
The Ghana Agricultural and Rural Development Journalists Association (GARDJA) has at the launch of its new cocoa advocacy initiative trumpeted the urgent need for Ghana Cocoa Board to with immediate effect operationalise a welfare fund to support cocoa farmers.
The National President of GARDJA, Richmond...
Angola, Africa’s second-largest oil producer after Nigeria, will need foreign and government investments to discover up to 57 billion barrels of crude oil by 2025, according to a new energy strategy reported by state news agency ANGOP.
Angola’s plan includes foreign investment of US$679 million as well as US$188 million investment by...