The Public Interest and Accountability Committee (PIAC) has called for substantial cut down on projects implemented with the annual budget funding amount (ABFA) from the petroleum revenue. Professor Paul Kingsley Buah-Bassuah, Chairman of the Committee, asked that the government identified few legacy projects that should be supported. The spread of the petroleum money – to … Read more
On Friday 19th August, 2016, the Ghana Institute of Governance and Security locked horns with the Africa Centre for Energy Policy represented by Dr. Adam Amin, Natural Resource Governance Institute represented by Mr. Samuel Bekoe and the Select Committee on Mines and Energy represented by Mr. Mutawakilu, Deputy Chairman, on the programme Ghana Connect on … Read more
The head of Policy Unit at the Africa Centre for Energy Policy (ACEP), Dr. Ishmael Ackah is calling for a legal action that will force the Ghana National Petroleum Authority, GNPC to publish its audited accounts. He regretted that since its establishment in 1983, the National Oil Company published its audited report only once, in … Read more
The Institute For Energy Security (IES) is warning of a possible shortage of Liquefied Petroleum Gas (LPG) this month. “Within the first pricing window, The Institute For Energy Security foresees another round of Liquefied Petroleum Gas shortage on the local market,” it predicted. This was contained in IES’ review of the second pricing window for … Read more
Following the rebound in the global oil market price of both crude and refined petroleum, decrease in new imports to boost national stocks, and the relative stability of the cedi against the U. S. dollar; the Institute for Energy Security (IES) said it can project an increase of between 18 and 20 Pesewas per litre … Read more
Energy analyst Kwame Jantuah has called for the expansion of the Tema Oil Refinery (TOR) in order to refine crude from Ghanaian production fields for local consumption. According to Mr Jantuah, the country cannot continue to import refined oil while holding huge stocks of crude in its reserves. Currently, all the oil produced at Jubilee … Read more
After more than six months marked plunging revenue caused by attacks on oil pipelines in the Niger Delta and ballooning inflation, the Federal Government said on Wednesday said it was expecting a better second half of the year. The government’s optimism is in spite of a forecast by the International Monetary Fund that the country’s … Read more
Commercial production of crude from the Tweneaboa Enyenra Ntomme (TEN) will start with an initial production of about 23000 barrels a day. Officials of Tullow disclosed this in London at an engagement with investors around the world. Commercial production of Oil at the TEN field is expected to start from the second week in August. … Read more