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...
Since we issued our statement on Wednesday, 26 August 2020 on the Agyapa transaction, we have received messages from many different quarters, whether of commendation or respectful disagreement.
We feel compelled to offer some elaboration and clarification in respect of the matters we raised and, in some respects, draw...
… provides additional income at almost no cost
Finance Minister Ken Ofori-Atta has said that the country has been transparent and forward-thinking in the setting up of the Agyapa Royalties deal which would be Africa’s first Gold Royalty Company which would ensure that the country does not only benefit from mining operation...
Managing Director of Cocoa Merchants Ghana Limited (CML), Alhaji Abdul Fataa Adamu, has said efforts to ensure production of good quality cocoa beans while improving the livelihoods of farmers, through cocoa certification is significantly contributing to achieving cocoa production sustainability.
He observed that the “firm agreement made by top cocoa...