Tullow has affirmed its commitment to Ghana’s socio-economic growth through its operations in the country.
The UK-based multinational oil and gas company, currently operates the two main oil fields in Ghana - Jubilee and TEN.
Together with its partners, Kosmos Energy, Ghana National Petroleum Company (GNPC), Petro SA and Jubilee Oil...
… 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...
Ghana is set to commence payment of the new US$400 cocoa Living Income Differential tariff in October when the 2020/2021 crop season begins.
The LID tariff agreed in 2019 between the governments of Ghana and Ivory Coast and international cocoa traders and manufacturers is a measure hoped to help alleviate...
Productivity is commonly defined as a ratio between the output volume and the volume of inputs. In other words, it measures how efficiently production inputs, such as labour and capital, are being used is an economy to produce a given level of output. Usually, increase in productivity in very...
Joseph Boahen Aidoo, Chief Executive Officer of Ghana Cocoa Board (COCOBOD), says management has resolved to reduce the huge debt burden. The huge chunk of debt accumulation - approximately GH¢12.30billion as of September 2020 - emanates from short-term cocoa loans of about GH¢8.49billion, accounting for 69.02 percent of total...
The cocoa industry has experienced its second reversal in farmgate prices over the past five mid-seasons due to global developments, says the March 2023 Cocoa Market Report by the International Cocoa Organisation.
The report shows that the farm-gate prices in US$ nominal terms have been higher in Ghana than in...
The Public Interest Accountability Committee (PIAC) has urged the Bank of Ghana and Ministry of Finance to consider broadening the qualifying investment instruments in order to diversify Ghana Petroleum Funds (GPFs) investments in both low and high risk portfolios to maximise returns.
As it stands now, the Petroleum Revenue Management...
Over 98 contracts worth more than US$389million which were awarded by Aker Energy, AGM, Eni, GOSCO and Springfield from the last quarter of 2019 to the first quarter of 2020 in the upstream sector were cancelled due to the COVID 19 pandemic.
The cancellation of these contracts such as the...
US Africa relations will likely improve by virtue of Trump’s exit
WASHINGTON D.C., United States of America, December 30, 2020/ -- By Jude Kearney, Chairman of the US/Africa Committee of the Africa Energy Chamber (https://EnergyChamber.org/)
2021 could be the beginning of a much needed reset for US relations with Africa and its...
Engen Ghana Limited (EGL) then an affiliate of Engen Petroleum Limited (EPL), South Africa) has now been acquired by Mocoh Ghana. Mocoh Ghana completed this transactions with Engen Holdings (Pty) Limited to acquire 100% of the shares of Engen Ghana. Mocoh Ghana is an affiliate of Restorn Energy, a...