In spite of the vast opportunities available in the upstream oil and gas sector, local participation is very low due to high barriers of entry, a report by Ernst & Young (EY), Ghana, indicates. The report shows that local participation in areas like well drilling, engineering services, exploration and subsurface,...
Government intends to scale up the penetration of renewable energy in the system, with a plan to hit 300megawatts of solar by 2020. As part of the measures, the Bui Power Authority has completed expansion works on its switchyard to accommodate the injection of up to 250MW of grid solar...
The Ghana National Petroleum Corporation (GNPC) is to contribute US$70m as it share of the cost of permanently repairing the entire Jubilee Fields off-shore Cape Three Points in the Western Region, a report by the Finance Committee of Parliament has revealed. The major remedial works, funded by the Jubilee Field...
Mr Boakye Agyarko, Energy Minister has said the government will pursue more aggressive oil exploration to augment the country’s production capacity in the sector. “Apart from the revenue, we depend on oil for our power generation, there must be the situation where we find both enough oil and gas to...
A new record for Eni in deep-field production: the Sankofa-Gye Nyame field, in the prolific OCTP block. Eni says it has launched production from the Integrated Oil&Gas Development Project, in the Offshore Cape Three Points (OCTP) block, off Ghana’s western coast, in just two and a half years, and...
Mr. Randy Boitey, the Eastern Regional Cocoa Extension Service Officer has said 400,000 hectares of cocoa farms are to be irrigated, this year, under a pilot project, launched by the government to boost cocoa production. The programme to begin with the 27 cocoa centres across the nation and some selected...
Thebftonline.com can confirm that barring any last minute decision from the government, cocoa farmers will have to purchase fertilizer for their cocoa farms beginning this 2017/2018 crop season. This new policy direction is contained in a seven-page document seeking reforms of the cocoa sector aimed at increasing productivity and the...
The regulator of cocoa sector in Ghana, Cocoa Board (COCOBOD), is to undertake a rehabilitation of cocoa farms in the country. According to Cocobod, all cocoa trees over 30 years on about 50,000 hectares of cocoa farms would be destroyed and replanted at no cost to the farmer while owners...