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
The Institute of Energy Security has projected a likely increase in fuel prices for the 2nd window Fuel prices are expected to increase at the various pumps by 2% anytime from December 16, 2016. According to the Institute of Energy Security, projections for the second pricing window show that the increment will span from December … Read more
Fuel prices are expected to increase at the various pumps by 2% anytime from December 16, 2016. According to the Institute of Energy Security, projections for the second pricing window show that the increment will span from December 16 to December 31. Principal Research Analyst at the Institute of Energy Security, Richard Rockson explains that … Read more
The Institute of Energy Security has said fuel prices are likely to go up by 2% from December 16 to December 31, 2016 per the second pricing window. Speaking to Benard Nasara Saibu on the Morning Starr, Principal Research Analyst at the Institute of Energy Security, Richard Rockson said consumers should brace themselves for an … Read more
Outgoing deputy Energy minister John Jinapor has downplayed fears that the dreadful energy crisis will befall the nation again next year. According to him, the Mahama-led administration has put in place adequate measures to ensure that Ghana does not return to the power crisis again. The African Center for Energy Policy (ACEP) has warned that … Read more
The fear of the “partisan political” tag is creating a great challenge to the operations of the Public Interest Accountability Committee (PIAC), Dr Steve Manteaw, a member of the Committee has said. PIAC is a citizens-led statutory body established under section 51 of the Petroleum Revenue Management Act (Act 815) to provide additional non-parliamentary and … Read more
The fear of the “partisan political” tag is creating a great challenge to the operations of the Public Interest Accountability Committee (PIAC), Dr Steve Manteaw, a member of the Committee has said. PIAC is a citizens-led statutory body established under section 51 of the Petroleum Revenue Management Act (Act 815) to provide additional non-parliamentary and … Read more
The Chief Executive Officer of the Chamber for Bulk Oil Distribution Companies (BDC) Senyo Horsi has warned government to end alleged unfair pricing war its engaged in with some BDC’s and Oil Marketing Companies (OMC’s) in the country. According to Senyo Horsi government is alleged to be engaged in subsiding its companies to stay prices … Read more
About a month ago, photographer Eugenio Grosso traveled a 70-mile stretch in northern Iraq, from the city of Kirkuk to Sulaymaniyah in the country’s Kurdish region. He had only one purpose: to photograph the gas stations he saw along the way. “When I first noticed that there were so many petrol stations concentrated in the … Read more
The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel. It explained that this was the case as members of the Organization of the Petroleum Exporting Countries (OPEC) prepared to limit production after a long period of unrestrained output. It said in its Online Media … Read more
The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel. It explained that this was the case as members of the Organization of the Petroleum Exporting Countries (OPEC) prepared to limit production after a long period of unrestrained output. It said in its Online Media … Read more
President Muhammadu Buhari said, yesterday, that he almost left the country when he discovered that the nation’s treasury was empty as he assumed office. The President, who spoke during a presidential parley and presentation of report on poverty reduction by Course 38 of National Institute for Policy and Strategic Studies, NIPSS, Kuru, Plateau State, at … Read more
The African Centre for Energy Policy (ACEP) says that the energy sector outlook for 2017 presents significant levels of uncertainty, urging political parties to clearly demonstrate how they intend to confront the challenge ahead. Executive Director of ACEP, Dr. Mohammed Amin Adam, who made this known said the ACEP’s Citizens Energy Manifesto programme, said unfortunately … Read more
The head of Energy, Oil & Gas Unit of the Real Sector of the Ministry of Finance, Dr Joseph Asenso, has cautioned against basing budget allocations on projections for revenue inflows, from the oil and gas industry. Experience from other oil-rich countries over the years, he said, had shown that countries that conditioned their budgets … Read more
The presidential candidate of the Convention People’s Party (CPP) has threatened that governance under his watch will see the repeal of the Petroleum and Exploration Law. Addressing party supporters and sympathizers at the manifesto launch of the cockerel family at the Ghana Academy of Arts and Science in Accra on Saturday, Mr. Greestreet said his … Read more
Kenya will shrug off the slump in growth on the continent to be among the best performing economies in Sub Saharan Africa. The continent is set to slow to its lowest level in more than 20 years. The latest Regional Economic Outlook report by the International Monetary Fund (IMF) says Kenya will be among 22 … Read more
A Former Chairman of the Public Interest and Accountability Committee (PIAC) Major Ablorh-Quarcoo (Retired) is asking government to prioritize its expenditure to avoid overspending budgets. According to him, the tendency of government to spend on unbudgeted projects must be stopped. The former PIAC Chairman cites how such behavior is impacting negatively on development across the … Read more
The Executive Director of the Africa Centre for Energy Policy (ACEP), Dr Mohammed Amin Adam, has said the failure of African countries to effectively manage the effects of oil price volatility can have an adverse impact on development efforts. He said the inability to manage the volatility over time would subsequently make it difficult for … Read more
Many Oil producing countries in the African sub-region have been the worse hit by the plummeting oil revenues following the high risk of their less diversified economies, over dependence on oil revenues, lower tax effort, fiscal indiscipline and corruption among others, the Executive Director for energy think-tank, Africa Centre for Energy Policy(ACEP), Dr. Mohammed Amin … Read more
Government has been charged to spend oil revenues responsibly at all times to enable it to mitigate the negative impact a slowdown in commodity prices may have on the economy as it is currently. This comes as most African countries like Ghana are said to the hardest-hit any time there are uncertainties of oil prices … Read more