News

The Auditor-General, Mr. Daniel Yaw Domelevo, has uncovered US$3.4b in unpaid penalties relating to the Petroleum Holding Fund. The latest report on the management of petroleum funds for the year ending December 2017, found that a total amount of US$220m was outstanding. Of the total amount, US$219 million represents amounts due from the Ghana National Gas […]

The 2019 Africa Refiners & Distributors Association (ARA) forum has opened in Accra today, bringing together a host of key players – from government agencies to civil society organizations and individuals within the petroleum downstream sector in the African continent. The ARA forum, from the 21st to 22nd of November 2019 at the Holiday Inn

THE 2018 CBOD INDUSTRY REPORT HIGHLIGHTS GHS2.7bn revenue loss in petroleum downstream industry, potential loss of GHS1.2bn from trade credit abuse, risk of excess gas, and industry to Ghana’s financial and fiscal stability. A review of the 2018 fiscal year, outlook and recommendations by CBOD. The Industry Report is an annual publication of the review

The Ghana Fire Service has cautioned Liquefied Petroleum Gas (LPG) station operators to strictly adhere to safety protocols when discharging gas at their stations. Earlier this week, the timely intervention of the Service prevented a near-disaster situation at the Ritz Junction LPG station. The turn of events sent residents scattering over fears of an explosion.

1.0 Introduction Provost, Members and students of the College of Humanities and Legal Studies, Ladies and gentlemen, I am grateful to this college for the opportunity to share my perspective on a subject matter that I am passionate about. A few weeks after my recent, well-publicised submissions at the University of Ghana, I was approached

The Chief Executive Officer of the Chamber of Bulk Oil Distributors is charging university authorities and students to apply innovation to teaching and learning to help Ghana achieve its transformational agenda. He expressed concern about Ghana’s apparent unpreparedness to take advantage of the opportunities offered by the new technologies of the fourth industrial revolution such

The Chamber of Petroleum Consumers, a consumer advocacy group in the Republic of Ghana, is calling on the President of the West African nation, His Excellency Nana Akufo-Addo, to, as a matter of urgency, initiate investigations into the processes leading to what it described as wanton dissipation of the taxpayers’ monies by the country’s national

Nigeria expects to retain international auction houses to have US$40 million worth of jewelry, which was seized from a former oil minister accused of corruption, sold. The Economic and Financial Crime Commission (EFCC) of Nigeria has secured an asset forfeiture order from a top federal court in the country to sell the jewelry seized from

An oil and gas expert in the Republic of Ghana, Mr Alex Mould has advised that, for the survival as well as the future of Ghana’s energy security, Ghana National Petroleum Corporation (GNPC) must transition from an oil company to an integrated energy company. Alex Mould, who is a former CEO of GNPC, is suggesting

A former Chief Executive Officer of Ghana’s national oil company, Ghana National Petroleum Corporation (GNPC) Mr. Alex Mould, has called for a broad stakeholder consensus to give authority to the national oil company, to be a catalyst for deepening local content in the upstream and midstream oil and gas sectors. Catalysing local content development has been