Ten years after Ghana discovered oil and started commercial production three years later, government says it plans to increase production volumes by moving to award new exploration contracts to IOCs. How well have we fared in those 10 years and what are the emerging issues to look at, going forward?...
Nigerian energy firm Forte Oil said it plans to sell its upstream services and power businesses in Nigeria and divest from Ghana to focus on its core fuel distribution operation at home. The move comes as a surprise about-turn for a company whose Chief Executive Akin Akinfemiwa told investors in...
GOIL Board Chairman Kwamina Bartels has given the strongest indication yet that the state oil player is ready to be a major player in the upstream oil industry. Mr. Bartels made this disclosure when he addressed the 49th AGM of the Ghana Oil Company Limited (GOIL) in Accra. This development...
Ghana Oil Company Limited (GOIL) has expressed interest in moving upstream to become a major player in the exploration and production business. Its Board Chairman, Kwamena Bartels, told shareholders at their 49th Annual General Meeting that the company intends to partner an international player with proven technical competence to operate...
Cocoa sector says sustainability efforts have fallen short Companies, governments, NGOs pledge joint action going forward Chocolate companies, cocoa buyers should pay fair price Origin countries must limit output, curb deforestation Companies and governments have pledged to tackle poverty, deforestation and human rights abuses in the cocoa supply chain,...
A team of officers from the National Petroleum Authority (NPA) is in the Central Region visiting selected communities as part of a nationwide door-to-door LPG safety campaign. The team, from the Corporate Affairs Division, visited several eateries in the Mankessim, Komenda and Cape Coast areas, where vendors were educated on...
Smaller crops, more demand pave way for balance in 2017/18 Cargill looking to expand origin processing, focus on Africa Company to work with Ivory Coast on high-yield seed concerns Cargill sees the cocoa market broadly balanced in the current 2017/18 season and is aiming to expand its processing capacity...
Some foresters have expressed disgust over impediments being put in their way by officials of the Forestry Commission, the police and other law enforcement agencies when conveying lumber from their plantations and sawmills to the markets. They complain of being constantly harassed and their truckloads of certified lumber impounded by...
Nyonkopa Cocoa Buying Limited a subsidiary company of Barry Callebaut, the world leading manufacturer of high-quality chocolate and cocoa products has paid a of GH¢ 8,839.993 as premium to farmers at separate durbars this year for sustainable cocoa production. As a tradition of the Horizon program, all trained and certified...
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...