Analysis of petroleum product prices on the local market over the decade show that petroleum products, specifically Gasoline and Gasoil have quadrupled in price. Over the past decade (2010-2019), Ghana has seen a 347 percent increase in price of Gasoline (Petrol) and a 338 percent increase in Gasoil (Diesel)...
Constrained global financial conditions caused by COVID-19 have led to massive portfolio outflows from Africa, exceeding US$5 billion in the first quarter of 2020, a new continent-wide survey on trade finance has shown. About US$3.1 billion left the South African market alone, the report found.
Launched on 15 April 2021,...
President Akufo-Addo has appointed former Minister for Inner City and Zongo Development, Dr. Mustapha Abdul-Hamid as the new Chief Executive Officer of the National Petroleum Authority (NPA).
He is expected to assume office on July 1, 2021 and will succeed Alhassan Sulemana Tampuli, now a Member of Parliament for Gushegu.
A...
The newly constituted board of GOIL Company Limited (GOIL) has said it will prioritise growing the firm's profit by strengthening proper systems, efficiency while reducing waste.
GOIL’s profit after tax in 2020 dropped to GH¢90.03 million down by 14.5 percent compared to the previous year’s GH¢105.5million.
But the new board, chaired...
Upper West Regional Minister, Dr. Hafiz Bin Salih has expressed concern over the adulteration of fuel and the increasing cases of smuggling to neighbouring countries.
He stated that the region is not only notorious for the smuggling of agricultural inputs but petroleum products as well.
The Minister, therefore, called on the...
Oil marketing companies must work toward a more sustainable and environmentally friendly business model, one that will not only help the environment but the industry as a whole, CEO of African Energy Consortium Kwame Jantuah has said.
To do so, he argues, a balance must be struck between development and...
One of Ghana’s leading Oil Marketing Companies (OMC), JP Trustees Limited, has pledged support to the Otumfuo Foundation and its activities, especially toward its educational pursuits.
The Otumfuo Foundation, last week, held the second edition of the Otumfuo Community Reading Challenge (OCRC) to imbibe the spirit of reading in the...
Tullow Ghana Limited (TGL), operator of the Jubilee and TEN fields, is embarking on the first phase of community engagements with stakeholders in its area of influence to foster greater cooperation with stakeholders. This is in line with the company and its partners’ commitment to maintaining a secured environment...
introduces bioblast disinfectant and bioblast HD cleaner
BIDI Group, a leading provider of cleaning services for oil marketing companies, has made a significant breakthrough in the fight against harmful pathogens with the introduction of BioBlast Disinfectant and BioBlast HD Cleaner to the Ghanaian market.
These innovative products have received certifications...
The Petroleum Commission is providing support for training more than 30 journalists on the pressing global subjects of Energy Transition, Climate Financing and related topics. This training initiative, known as the ‘Finance and Economics Clinic’, is organised by El de D Consult and is a periodic effort aimed at...