The Parliamentary Select Committee on Mines and Energy has found no evidence of any losses from a deal between the Ghana National Petroleum Corporation (GNPC) and Genser Energy Ghana Limited (GEGL), concluding an investigation into unfounded claims of irregularities.
The investigation was initiated in response to claims made by the...
The Bulk Oil Storage and Transportation Company Limited (BOST) recorded a net profit of GH¢342.5million in 2022.
The figure represents an increase of 112 percent over the 2021 earnings of GH¢160.7million, and is the second consecutive year that the state-owned company has returned profit.
Consequently, its operating income also increased -...
…ensuring fuel price stability
Ghana's downstream oil and gas sector stands as a cornerstone of its economic development - providing the energy needed to power industries, transportation networks and households across the nation. Ensuring the continued vitality of this sector is of paramount importance to Ghana's economic stability. At...
The Ghana Extractive Industries Transparency Initiative (GHEITI) has made a strong case for the Ghana National Petroleum Corporation (GNPC) to be listed on the Ghana Stock Exchange (GSE).
It said listing the state-owned oil company on the stock market will enable it to raise significant capital, improve its corporate governance...
The National Petroleum Authority (NPA) will start full implementation of the Cylinder Recirculation Model (CRM) in September this year, the Authority’s deputy Chief Executive Officer, Perry Curtis Kwabla Okudzeto, has said.
The CRM aims to ensure that by 2030, 50 percent of Ghanaians have access to safe, clean and environmentally...
The Ghana Cocoa Board (COCOBOD) has announced an extension of the closing date for its debt exchange offer programme, aimed at managing debt securities and providing investors with enhanced investment opportunities.
The decision to extend the closing date, the cocoa sector regulator said, was necessitated by an error in the...
Total petroleum receipts for 2023 have been revised downward from US$ 1,484.47 million to US$ 1,008.65 million, representing a 32 percent decrease owing to falling crude oil prices on the international market.
The adjusted average benchmark crude oil price has been revised to US$74.0 per barrel - down from the...
The recent announcement of 'first oil' from the Jubilee South East (JSE) project has sparked excitement and showcased the rewards of committed partnerships with government support.
Tullow Ghana, the operator of the Jubilee Oil field, proudly shared a few weeks ago that it had successfully delivered first oil from the...
Total petroleum receipts for the first half of 2023 have dropped by 26.1 percent from the US$731.9million recorded at the end of June 2022 to US$540.4million, according to the latest Ghana Petroleum Funds report by the Bank of Ghana (BoG).
The report, released per Section 28 of the Petroleum Revenue...
A delegation from the Namibian Upper House of Parliament has visited the National Petroleum Authority (NPA) to understudy how the Authority regulates Ghana’s petroleum downstream industry.
The members of the Parliamentary Committee on Agriculture, Environment and Natural Resources were particularly to understand the petroleum downstream industry in Ghana, specifically areas...