The problems that Tema Oil Refinery (TOR) has had in the past must not in any way be used to judge its future, the MD for TOR Isaac Osei has stated. According to him, TOR’s major problems were the production losses it recorded in the past and the frequent break down of the plants, a … Read more
The organizers of the 2018 Amputee Football League slated for May 5 has begun their trophy tour in the capital, Accra. The highly anticipated Trophy Tour by Ghana Amputee Football League made its stop at the Tema Oil Refinery (TOR) on Monday. The arrival in the Harbour City is the first stop out of some … Read more
The Chamber of Petroleum Consumers (COPEC) has said it would soon petition the Special Prosecutor to investigative issues surrounding the sale of some 1.8 million barrels of crude oil by Bulk Oil Storage and Transportation Company (BOST) to an oil marketing company called BB Energy, a company COPEC alleges is unlicensed. At a press conference … Read more
The Chamber of Petroleum Consumers (COPEC) has said it would soon petition the Special Prosecutor to investigative issues surrounding the sale of some 1.8 million barrels of crude oil by Bulk Oil Storage and Transportation Company (BOST) to an oil marketing company called BB Energy, a company COPEC alleges is unlicensed. At a press conference … Read more
Board members of the Bulk Oil Storage and Transportation (BOST) will on Monday meet to take a decision on the latest allegation of ‘shady deal’ levelled against the company. The Chamber of Petroleum Consumers (COPEC) Ghana claimed in a statement Sunday that BOST had short-changed the state of about GHC23 million by selling off some … Read more
The overall financial impact of “weaknesses and irregularities” identified in the public amounted to GH¢2,165,542,375.14, according to the 2016 Auditor’s General report. The “weaknesses and irregularities” were categorised under seven broad headings and they are; Tax, Cash, Outstanding debts/loans, Payroll, Contract, Rent and Stores/Procurement irregularities. Cash irregularities top the list with GH¢2,053,622,215.68 representing 95% of … Read more
The overall financial impact of “weaknesses and irregularities” identified in the public sector amounted to GH¢2,165,542,375.14, according to the 2016 Auditor’s General report. The “weaknesses and irregularities” were categorised under seven broad headings and they are; Tax, Cash, Outstanding debts/loans, Payroll, Contract, Rent and Stores/Procurement irregularities. Cash irregularities top the list with GH¢2,053,622,215.68 representing 95% … Read more
The overall financial impact of “weaknesses and irregularities” identified in the public amounted to GH¢2,165,542,375.14, according to the 2016 Auditor’s General report. The “weaknesses and irregularities” were categorised under seven broad headings and they are; Tax, Cash, Outstanding debts/loans, Payroll, Contract, Rent and Stores/Procurement irregularities. Cash irregularities top the list with GH¢2,053,622,215.68 representing 95% of … Read more
Aggrieved workers of the Tema Oil Refinery (TOR) are expected to meet their management today (Monday February 5) over plans to build a new refinery. The Energy Minister Boakye Agyarko last week announced that government in partnership with the private sector would soon build a new oil refinery at the cost of $4billion. The new … Read more
The Ashanti Regional Police Command has arrested a 34-year-old self-styled lawyer, Michael Asante for defrauding a number of people to the tune of over GH¢748,000. Also known Michael Yaw Antwi Boasiako, the suspect, according to the Regional Police Public Relations Officer, ASP Juliana Obeng, “defrauded his victims under the pretext of securing them contracts, enlistment … Read more
Parliament has strongly advised the Ghana National Petroleum Corporation(GNPC) to stop involving itself in activities outside its core mandate of matters related to oil exploration. The legislature specifically made reference to GNPC’s sponsorship to the Black Stars and handing out funds to certain state entities. The recommendation by the House follows discussions on Thursday concerning … Read more
Ministry of Energy has put together an eight-member committee to probe the sale of five million litres of contaminated fuel (off-spec) by the Bulk Oil Storage and Transportation Company Limited (BOST) to private firm Movenpiina Company Limited which in turn sold the consignment to Zup Oil for distribution to the pumps. The Committee is made … Read more
The managing directors of three companies in Tema have been busted for allegedly importing diesel without authority and evading tax totalling GH¢470,000. They are alleged to have succeeded in categorising the diesel as waste oil, for which reason the National Petroleum Authority (NPA) waived all taxes on the product. They are Godson Akafo, the MD … Read more
Government has announced the construction of an onshore natural gas transmission pipeline from Takoradi in the Western region to Tema in the Greater Accra region to transmit natural gas to power generation plants. It follows the signing of a Project Implementation Agreement (PIA) for the Aboadze-Tema Natural Gas Transportation Pipeline and gas infrastructure Project. The … Read more
Minority Caucus in Parliament has called for the immediate interdiction of the Chief Executive Officer (CEO) of the Bulk Oil Storage and Transportation (BOST) Company, Mr. Alfred Obeng Boateng, over the alleged sale of five (5) million litres of contaminated fuel. According to the minority, the transaction between BOST and an unlicensed company, Movenpiina, was … Read more
The Minority in Parliament has called for a full scale investigation into issues surrounding the sale of five million substandard petroleum product onto the Ghanaian market. There have since been calls for the head of the Bulk Oil Storage and Transportation Company Limited to immediately step aside to allow an independent investigation to take place unimpeded. … Read more
The Minority in Parliament has called for the immediate interdiction of the Managing Director of the Bulk Oil Storage and Transportation (BOST)Company, Alfred Obeng Boateng, over the sale of 5 million litres of contaminated fuel. This call comes barely 24-hours after ACEP also called on the CEO to step aside for investigations into the matter. … Read more
A delegation of Ghanaian government officials led by the Senior Minister, Samuel Yaw Osafo-Maafo on June 25, 2017, visited Jereh Group Headquarters at Yantai in China for a Strategic Cooperation Summit with the theme of achieving shared growth through a win-win discussion and collaboration. In attendance was Freddy Blay, Chairman of the governing New Patriotic … Read more
The Bulk Oil Storage and Transportation Company Limited (BOST) has denied media reports that it is losing over GHC 7m by selling off-spec (substandard) products at a cheaper rate which would cost the nation. The reports further said the off-spec product which is allegedly harmful to vehicle engines would be sold to the public via … Read more
Senior Minister, Yaw Osafo Maafo, has opposed the idea of totally abolishing subsidy on electricity supply, arguing that various situations may necessitate the subsidizing of power to a segment of consumers. Speaking at the just-ended two-day Ghana Energy Summit, Ing. Osafo Maafo said: Energy is what we need as a constant to make the economy … Read more