Stakeholders in the mining sector have called for broader stakeholder consultation on the Agyapa Royalties Agreement to ensure that the country is not shortchanged. To them, the suspension of the Agyapa Royalty deal until proper measures are taken to ensure citizens benefit is good for the nation and the citizenry. Executive...
says facility will cushion energy security, offer cheaper gas projects demand to outstrip current supply The Ghana National Petroleum Corporation (GNPC) has said the new regasification plant being constructed at the Tema Liquefied Natural Gas (LNG) Terminal will safeguard the country’s future energy needs and usher in an era...
The Energy Minister Dr. Mathew Opoku Prempeh has said the Akufo-Addo-led government will support the Tema Oil Refinery (TOR) to become a premium refinery in the sub-region. The support he mentioned could among other things be in the form of strategic partnership aimed at making TOR realise its fullest...
Tullow Oil reported a post-tax loss of US$1.22 billion for 2020, but is confident that its Ghana business, where it plans to drill four wells this year, will deliver sustainable and profitable production. “We will start a multi-year, multi-well drilling programme in Ghana next month to deliver sustainable and profitable...
Ghana turns 64 years today, since freeing itself from the grip of colonial rule on that fateful occasion of March 6, 1957 - becoming the first sub-Saharan nation to attain the enviable status of an independent country. From the period of independence to date, a lot has happened in...
Upon attaining independence in 1957, Osagyefo Dr. Kwame Nkrumah the new leader of the country found energy as an enabler to economic liberation, having achieved political liberation. Osagyefo saw the need for adequate, accessible, consistent, and affordable electricity to help boost agriculture, increasing trade, improving transportation, expanding industries; serving as...
The Institute for Energy Security (IES) has questioned the decision to build a regasification facility at Tema Liquefied Natural Gas Terminal - warning that it could worsen the unutilised gas situation confronting the economy. The country forks out an estimated US$700million yearly to pay for gas it does not use...
Ghana and Côte d'Ivoire have agreed to form a joint committee and find a lasting solution for security challenges faced by cocoa farmers along southern parts of the two countries’ shared border. Ghanaian cocoa farmers who farm across the Tano River are often accosted by Ivorian para-military forces when they...
With rising COVID-19 infection rates, a reintroduction of social restrictions and the ensuing socioeconomic toll on some of the most vulnerable people that has characterized the turn of the year, a not-for-profit development outfit – Cocoa360 – is easing the strain on government’s efforts at curbing the disease, with...
The Chirano Gold Mine Limited (CGML), a subsidiary of Kinross Gold Corporation of Toronto, has posted a strong growth forecast following some positive yields from the Mine’s exploration programme. The Vice President and General Manager of CGML, Terence Watungwa, said “exploration programme at Chirano continued to yield excellent results and...