News

Bongo lawmaker and a member of the Mines and Energy Committee of Parliament, Mr Edward Bawa has asked the government to immediately remove the Special Petroleum tax. He told Dzifa Bampoh on the First Take on 3FM Thursday May 6 that the tax which was introduced by the Mahama administration is not more relevant because

The Bulk Oil Storage and Transportation Company Limited (BOST) has cleared all of its GH¢237 million debt owed some domestic banks in the country. The money, which was owed GCB Bank, Fidelity Bank, UMB Bank and UBA Bank, was paid through a combination instruments including internally-generated funds, the upward adjustment of the BOST margin and

The Chamber of Petroleum Consumers (COPEC) has taken a swipe at the National Petroleum Authority (NPA) for consistently failing to engage key stakeholders such as Parliament on increments in prices of petroleum products. The Executive Secretary of COPEC, Duncan Amoah on Eyewitness News said the NPA’s lack of engagement is inappropriate and unfair. His concerns come in

The recently increased fuel prices have been reduced after public uproar and disaffection towards government. The 17 pesewas per litre increase in fuel margins was previously announced. This pushed the pump prices to Ghc6.130 for both petrol and diesel. But the National Petroleum Authority (NPA) in a statement has reduced the 17 pesewas per litre

A former Chief Executive Officer of the National Petroleum Authority (NPA), Moses Asaga has criticised the government for introducing new tax policies in the 2021 budget statement. Three of the new taxes which took effect on Saturday are as a result of the imposition of an Energy Sector Recovery Levy of GHS 20 pesewas per

The Chamber of Petroleum Consumers (COPEC) is urging government and the Ministry of Energy to review downward the price stabilisation and recovery levy to lessen the impact of international market prices shocks on pump prices. International Oil Prices for both crude and refined oil has surged by more than 12% from around $470/mt-$512/mt representing a

The fourth Ghana International Petroleum Conference (GhIPCON) will be held in Accra on the 10th and 11th of March, 2021. GhIPCON is Ghana’s foremost Petroleum Downstream Conference organised by the Chamber of Bulk Oil Distributors (CBOD) under the auspices of the Ministry of Energy and in partnership with the National Petroleum Authority (NPA) and the

The Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Hassan Tampuli, has said a proposal by Bulk Oil Distributors for an alternative Conventional Buoy Mooring (CBM) facility has been sent to cabinet for possible approval. He said the Attorney General, Madam Gloria Akuffo, has given her opinion on the issue and a decision

Chamber of Petroleum Consumers (COPEC) is predicting an increase in prices of fuel in Ghana in the coming days. COPEC believes the increment is likely to be seen in the second pricing window in December 2020. The Chamber indicated that the slight depreciation of the cedi among other things is a reason for this anticipated