Sipa Yankey Quits, Leaving Behind $450m VRA Debt

The Chief Executive Officer (CEO) of the Ghana National Gas Company, Dr. George Sipa-Adjah Yankey, is set to proceed on terminal leave. The Board of the Company last week approved a request by the CEO to proceed on terminal leave, effective February 1, 2017, and terminating in May 2017. Corporate Communications Manager of Ghana Gas … Read more

Only A Minister Who Is A Financial Guru Can Solve ‘dumsor’

The Director of Operations of the Progressive People’s Party (PPP) has argued that only a ‘financial guru’ can help end the perennial power crisis, also known as Dumsor. The Daily Graphic reported that dumsor was imminent in the coming days as the power sector is on the verge of losing 600 megawatts (MW) of generation … Read more

Dr. Sipa Yankey Quits As Ghana Gas CEO

Dr. George Sipa-Adjah Yankey, CEO of the Ghana National Gas Company (Ghana Gas), is set to proceed on terminal leave. The Board of the Company last week approved a request by the CEO to proceed on terminal leave, effective February 1, 2017, and terminating in May 2017. Corporate Communications Manager of Ghana Gas, Mr. Alfred … Read more

Ghana Gas CEO Sipa Yankey Quits, Leaving Behind VRA $450m Debt

The Chief Executive Officer (CEO) of the Ghana National Gas Company, Dr. George Sipa-Adjah Yankey, is set to proceed on terminal leave. The Board of the Company last week approved a request by the CEO to proceed on terminal leave, effective February 1, 2017, and terminating in May 2017. Corporate Communications Manager of Ghana Gas … Read more

Ghana Gas CEO Sipa Yankey Quits, Leaving Behind VRA $450m Debt

The Chief Executive Officer (CEO) of the Ghana National Gas Company, Dr. George Sipa-Adjah Yankey, is set to proceed on terminal leave. The Board of the Company last week approved a request by the CEO to proceed on terminal leave, effective February 1, 2017, and terminating in May 2017. Corporate Communications Manager of Ghana Gas … Read more

CEO of Ghana Gas Quits

Dr. George Sipa-Adjah Yankey, CEO of the Ghana National Gas Company (Ghana Gas), is set to proceed on terminal leave, a press release has stated. According to the statement, “the Board of the Company last week approved a request by the CEO to proceed on terminal leave, effective February 1, 2017, and terminating in May … Read more

Dumsor Imminent As Power Sector Loses 600mw

Power outages, popularly known as dumsor, are imminent in the coming days as the power sector is on the verge of losing 600 megawatts (MW) of generation by February 3, 2017 due to a complex web of financial obligations and other challenges confronting the national generator, the Volta River Authority (VRA). The power supply deficit … Read more

Jubilee Field To Shut Down For 15 Days

Oil production on the Jubilee Field will be shut down for 15 days, starting February 3, 2017, to allow for an interconnection with the Tweneboa, Enyera and Ntomme (TEN) operations. The planned shutdown will lead to immediate curtailment of production and export of natural gas from the FPSO Kwame Nkrumah to the Atuabo Gas Processing … Read more

Tullow To Shut Down Gas Export To Atuabo For Two Weeks

Tullow Ghana Limited, operators of Ghana’s main oil and gas exploration field, plans to begin a 15-day shutdown of operations at its offshore Jubilee Oil Field from February 3, 2017. The shutdown is to enable works on inter-connection between the Tweneboa, Enyenra, Ntomme (TEN) fields and the Jubilee Field for gas exportation from the FPSO … Read more

$1bn China Development Bank Loan Can’t Be Paid?

The Public Interest and Accountability Committee (PIAC) has expressed doubts about the ability of the Ghana National Gas Company (GNGC) to commence the scheduled amortisation of the approximately US$1billion China Development Bank (CDB) loan facility that was contracted by the Government for the construction of the Atuabo Gas Processing Plant. PIAC said it arrived at … Read more

VRA Debts To Ghana Gas Could Spiral Out of Control

The Public Interest and Accountability Committee (PIAC) has asked government push the Volta River Authority (VRA) to pay more than $306 million it owes the Ghana National Gas Company (GNGC). The Committee warns in its latest report that the debts could hit unimaginable limits if the power producer does not move to clear it. The … Read more

Six Years of Oil In the Eyes of Labour

In the eyes of the operators of Jubilee oil field, it was a record time of development from discovery to first oil in December 15, 2010. To the government of Ghana, getting the Petroleum Revenue Management Act 815 in March 2011, 3 months after first oil, “was good decision to guide how oil revenues were going to be spent”. … Read more

Six Years of Oil In the Eyes of Oil’s Staff

In the eyes of the operators of Jubilee oil field, it was a record time of development from discovery to first oil in December 15, 2010. To the government of Ghana, getting the Petroleum Revenue Management Act 815 in March 2011, 3 months after first oil, “was good decision to guide how oil revenues were going to be spent”. … Read more

Gov’t Is Building Strong Economy For More Jobs

The Minister of Communications, Dr Edward Omane Boamah, said a total of 78,000 teachers were engaged between 2009 and 2016 while 23,411 nurses had been employed since 2013. Dr Boamah, speaking at the meet-the-press series in Accra, said financial clearance had been obtained and recruitment processes had begun for another 8,000 nurses. He said perhaps … Read more

Meet the Press Series By Communications Ministry

Good morning, Ladies and Gentlemen of the press Good morning, fellow Ghanaians We wish to welcome you to the final edition of the Meet the Press series for this year, and consistent with our mandate, we are hopeful that at the end of this session with the media both the Citizenry and Government will be … Read more

Ghana’s Petroleum Law Attracts Investors

The Minister of Petroleum, Emmanuel Armah Kofi Buah says the passage of the Petroleum (Exploration and Production) Act 2016 and the development of a number of subsidiary legislation to give better effect to the Act, have contributed to Ghana maintaining its position as a preferred investment destination in the sub-region despite the downturn in the … Read more

Petroleum Workers Petition Ghana Gas Board Over Dismissals

The General Transport, Petroleum and Chemical Workers’ Union, (GTPCWU), is petitioning the Ghana National Gas Company Limited over the dismissal and suspension of some workers at the Atuabo Gas Processing plant. A total of forty-five workers have been affected in various disciplinary measures taken by the management of the Ghana Gas Company Limited for demonstrating … Read more

Atuabo Gas Plant Gets Backup Compressor

The Ghana Gas Company has built a second standard overhead compressor unit at a cost of nine million dollars to serve as a back up any time the Atuabo processing plant is shut down for mandatory maintenance works. The cost of the compressor unit is from the company’s internally generated funds. In January 2016, the … Read more

Atuabo Shutdown May Cause Dumsor – Jinapor

Deputy Power Minister, John Jinapor, says shutdown of the Atuabo Gas Processing plant on Wednesday for mandatory maintenance may result in power cuts across the country. The Minister’s comment contradicts an assurance by CEO of the Ghana Grid Company (GRIDCo), William Amuna, when the shutdown was announced on August 29. Mr Amuna had said the … Read more