The financial, managerial and technical challenges facing the Electricity Company of Ghana (ECG) have galvanised the apostles of privatisation, anti-state ownership of business and the neoliberal-free market capitalists to strongly advocate for ECG to be privatised. Their argument is that selling ECG will make it more efficient, financially resilient and economically prosperous. ECG when privatised … Read more
For the country to achieve its lofty local content goals, the financial services sector, led by the banks, would have to cast off its fear of the risks and huge capital required, and venture into funding local companies offering services in the upstream oil and gas industry, government has said. Millison Narh of the central … Read more
The governing National Democratic Congress (NDC) has refuted allegations by the opposition New Patriotic Party (NPP) that it engaged the International Monetary Fund (IMF) for a “bailout”. According to Transport Minister Fiifi Kwetey, who addressed a press conference dubbed ‘Setting the Records Straight’ in Accra on Thursday September 22, the NDC needed to bring some … Read more
Lack of infrastructure and funds are the constraints to Ghana’s quest to fast-track the processes to achieve low sulphur content in diesel and other petroleum products, the National Petroleum Authority (NPA) has said. According to the Chief Executive Officer (CEO) of the NPA, Mr Moses Asaga, for Ghana to be able to achieve the 50ppm … Read more
The Ghana Standards Authority (GSA), is suggesting a change in the country’s vehicle importation policy as a solution to the importation of alleged toxic fuel into the country. Speaking to Citi News, the Head of Public Affairs at the Authority, Kofi Bediako Amponsah, said most of the vehicles in the country were over a decade … Read more
Following a global report which has uncovered that Ghana’s market is flooded with toxic diesel, The Finder can report that data from the National Petroleum Authority (NPA) has revealed that Bulk Oil Storage and Transport Company Limited (BOST), the state owned strategic reserve holder accounts for a significant 25% of total quantity of diesel imported … Read more
The Africa Centre for Energy Policy (ACEP) has called on African governments to immediately take steps to tighten regulations to stop commodity traders from trading the health of hardworking citizens for profit. It also urged oil traders to respect the right of African citizens to good health and deliver quality fuel which they deliver to … Read more
The Chief Executive Officer of the National Petroleum Authority (NPA), Moses Asaga, has said the challenges consumers encounter with their vehicles is not as a result of the quality of diesel imported into the country but on consumers’ decisions to buy “old cars”. According to him, diesel imported into the country is of quality standards … Read more
The chairman of the Monetary Policy Committee of the Bank of Ghana (BoG), Dr. Abdul-Nashiru Issahaku, has expressed worry over the current level of inflation, warning that it is still high compared to the medium term target. Speaking Monday after concluding the Central Bank’s 72nd regular MPC meetings, he said per the assessment of the … Read more
The Monetary Policy Committee of the Bank of Ghana has once again maintained its policy rate at 26 percent. This was arrived at the 72nd meeting of the committee after monitoring development of the economy. The rate was last increased in November 2015 during its 67th meeting. In a statement issued by the Bank of … Read more
The Chief Executive Officer of the National Petroleum Authority (NPA) , Moses Asaga has said sulphur levels in the diesel imported into the country is not as toxic as suggested in a report. According to a report published by Public Eye, a Swiss-based NGO, which is partner to Ghana’s ACEP, some European companies have been … Read more
The Ghana Standards Authority has mounted a defence of the importation of substandard diesel fuel into the country, claiming fuels with non toxic sulphur chemicals are expensive for people to afford. A report by campaign group, Public Eye, revealed Swiss firms have been exporting to Africa, diesel with toxin levels that are illegal in Europe. … Read more
Despite concerns that diesel sold in Ghana is toxic, the National Petroleum Authority says it meets environmental standards. Nonetheless if consumers feel the diesel distributed is inferior then they must be prepared to pay for more, CEO of the Authority Moses Asaga told Joy Midday News, Friday. A global report has uncovered the flooding of … Read more
The Chief Executive Officer of Chamber of Bulk Oil Distributors says it is a matter of cost that fuel providers in Europe supply Ghana with fuel which has been described as toxic. Senyo Hossi says if Ghanaians don’t want to pay 10-ppm price for fuel, they should expect to be supplied with what they can … Read more
A study conducted in Ghana and seven other African countries has revealed that the sulphur content of diesel products imported into the relevant countries are 150 times and, in some cases 1,000 times, more than the limits allowed in Europe. Although the quality of the fuels imported into Ghana meets the country’s quality standards, the … Read more
Prices of fuel products are expected to remain steady in the second fuel pricing window which begins on Friday, September 16, the Principal Research Analyst at the Petroleum Unit of the Institute for Energy Security (IES), Richmond Rockson, has predicted. This the IES believes is due to “low national fuel inventory, minimal reduction in Platts … Read more
President John Dramani Mahama has promised to construct a factory at Shama in the Western Region if retained in the December 7 elections. Presenting highlights of the governing National Democratic Congress’ 2016 manifesto on Tuesday, September 13 in Accra, Mr Mahama said: “We have an agreement with a strategic investor … [for fertiliser production]. As … Read more
In a cursory glance through a 100-page NDC manifesto, Tuesday, president John Mahama has promised a jewelry production village to be sited in the Ashanti Region if his government is retained in office. The village will be built in conjunction with the institute of jewelry at the Kwame Nkrumah University of Science and Technology. The … Read more
The United Kingdom-Ghana Chamber of Commerce (UKGCC) will host a multi-sector business trip to Accra next month for British companies, investors, exporters, importers and small and medium-scale enterprises (SMEs). According to the organisers, the investment team will kick-start the tour of the country from Monday, October 17 to Friday October, 21. A statement issued and … Read more
Balancing the needs of petroleum consumers and petroleum service providers is very crucial to the National Petroleum Authority’s operations. Section 2(f) of the NPA Act 2005 (Act 691) mandates the Authority to monitor the standards of performance and quality of service provision rendered by the petroleum service providers (PSPs) to the Consumer. As a regulator … Read more