The government has revived talks with the China Development Bank (CDB) for the remainder of the almost US$2 billion loan facility it abandoned in 2014. The government suspended discussions with the Chinese bank after the country utilised the first tranche of US$ 1 billion from the US$3 billion loan agreed with China in 2011. The … Read more
Government is in strategic negotiations with Chinese authorities to access the remainder of the US$3 billion loan for energy and gas infrastructure projects, Seth Terkper, Finance Minister has said. This loan will be repaid by leveraging revenue flows from lean gas from the country’s Jubilee oil field. The China Development Bank (CDB) disbursed US$1billion of … Read more
The Minister of Finance, Seth Terkper, has confirmed the New Patriotic Party’s (NPP) claims that government intends to offer gas from one of the country’s gas fields to China for a loan from China Development Bank (CNB) for a period of 19 years starting in 2018. Mr. Terkper however downplayed the NPP’s suggestion that the … Read more
Credible information available to The Finder suggests that an emergency technical challenge has led to a shutdown of the Ameri Plant, leading to a shortage in available power nationwide and a possible return to the unpleasant situation of power rationing. It is learnt that an explosion at the Aboadze Thermal Plant may have caused the … Read more
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
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
President John Mahama says the expected benefits to the country from the Gas Processing Plant in Atuabo will be the game changer, as he looks forward to the start of operations by Ghana’s first ever gas plant. “This project is much anticipated by Ghanaians. It is going to be a game changer. It would even … Read more
(Accra, The Presidency) President John Mahama says the expected benefits to the country from the Gas Processing Plant in Atuabo will be the game changer, as he looks forward to the start of operations by Ghana’s first ever gas plant. “This project is much anticipated by Ghanaians. It is going to be a game changer. … Read more
Ghana’s power problem is set to worsen if the water levels at the Akosombo Dam do not rise in the coming days. Citi News analysis shows that the water level in the dam has been reducing steadily over the past few months and may result in the shutting down of the plant or a massive … Read more