The Vice President, Dr Mahamudu Bawumia has launched an innovative Digital Retail Fuel Monitoring System developed by the National Petroleum Authority (NPA) in Accra. Launching the programme in Accra yesterday Dr  Bawumia commended the NPA for leveraging on the government's digitization drive to create an innovative solution to a major...
Four major oil-funded projects that were listed as completed in the Northern, Upper West and Brong Ahafo Regions cannot be traced, Kumasi Institute of Technology, Energy and Environment (KITE) has revealed after a visit to proposed oil-funded project sites. The four missing projects were: a 3-unit classroom block at Soo...
A decade after oil discovery in Ghana, the commodity’s revenue generation developmental impacts so far are questionable, Professor John Asafu-Adjaye - Senior Research Fellow, Institute of Economic Affairs (IEA) - has stated. He said despite the fact that some of the revenue generated from oil has been saved for future...
VC Media, the organisers Ghana Cocoa Awards an industry scheme that recognises and celebrates excellence has opened nominations for the 2nd Ghana Cocoa Awards with over thirty awards up for grabs and scheduled to close on October 16, 2020. Ghana Cocoa Awards was instituted to shine the limelight on personalities...
as group’s gross profit jumps to US$634m Tullow Oil Plc, which operates the Tweneboa Enyenra Ntomme (TEN) and Jubilee oil fields, has announced a capital expenditure (capex) of US$270million for its Ghana operations. This follows a jump in the group’s gross profit to US$634million from the US$403million in 2020,...
In 2017, a German investor who initially came to Ghana to explore the viability of a solar business ended up establishing the first cocoa-pulp manufacturing factory in Ghana. They recently also launched their blockchain-based transparency system to demonstrate to their customers how much they pay their partner farmers. While...
Kuapa Kokoo, a cocoa farmers' co-operative organization, is to set up a coffee processing plant and coffee plaza at Ampabame and Daatano respectively in the Ejisu Juaben district of the Ashanti Region under its sustainable development programme, Managing Director  for the organization, Samuel Adimado, has revealed. Mr. Adimado indicated that...
Sulzer-Mansa, a joint venture service provider in the oil and gas industry, has commissioned a US$500,000 state-of-the-art rotating equipment service centre at New Amanful in the Ahanta West District of the Western Region. The centre is to serve the upstream players, mining and manufacturing industries as well as repair heavy...
The oil market collapse caused by the COVID-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in the offshore sector on a continued downwards trajectory through 2022. In light of the postponement of multiple final investment decisions (FIDs) on projects and lower...
The Ghana Cocoa Board (COCOBOD) has reiterated the need for cocoa farmers to embrace hand-pollination exercises to help boost productivity and enhance their income and livelihoods. The COCOBOD is scheduled to start this year’s mass pollination in June. The programme’s objective is to increase farm yields and national production, as...