News

It has emerged that about 30 per cent of fuel stations in the country are using digitally controlled dispensers that are easy to adjust to alter the quantity of fuel dispensed to buyers. This makes it easier for fuel attendants and their superiors to cheat unsuspecting consumers without tampering with the well-publicised security seals installed […]

Prices of various petroleum products have started going up from Monday after the Oil Marketing Companies (OMCs) were directed by the National Petroleum Authority (NPA) to start applying revised Energy Sector Levies. The NPA’s directive is as announced in the Supplementary Budget presented by the Finance Minister, Ken Ofori-Attah. Based on the revision petrol would witness

The Institute of Energy Security (IES) is projecting a considerable rise in the price of LPG on the local market. This is captured in the Institute’s report for the first pricing window for this month. Speaking to Citi News, Research Analyst at the Institute of Energy Security, Mikdad Mohammed said the Institute arrived at this conclusion

Edwin Provencal has been confirmed by the Board of the Bulk Oil and Transport (BOST) Company Limited as the new Managing Director He was nominated by President Nana Akufo-Addo on Monday to replace George Mensah Okley who resigned from the position last Friday. Mr. Mensah Okley tendered in his resignation to the President after serving

Springfield Exploration and Production Limited (SEP), a subsidiary of Springfield Group, is on course to make history by becoming the first independent African Energy company to drill in deep water. Springfield, which operates the West Cape Three Points Block 2 (WCTP Block 2), has signed a contract with Stena Unicon Offshore Services Ghana Ltd. (Stena

Managing Director for Bulk Oil Storage and Transport (BOST) Company Limited has resigned. George Mensah Okley is said to have tendered in his resignation to the President on Friday, August 23, Myjoyonline.com can confirm Reasons for his resignation are unknown, however, Graphiconline reports that it may be linked to the issue of contracts at BOST.

The Bank of Ghana has revealed that the government made an amount of US$434.5 million from oil sale from its three oil fields as well as in other fees and taxes. The central bank in its publication of the first-half performance of the Ghana Petroleum Funds revealed that oil sale from Tweneboa, Enyenra, Ntomme, Jubilee

Dr. Maxwell Opoku-Afari, First Deputy Governor of the Bank of Ghana, has urged stakeholders in the financial and banking industry to exploit digitisation to meet the needs of the unbanked and broaden services to all segments of society. He said digitisation is key to the future of banking and finance, and players must be ready

Implementation of the Cylinder Recirculation Model (CRM) by National Petroleum Commission (NPA) will ensure that at least 50 percent of Ghanaians have access to safe, clean and environmentally-friendly Liquefied Petroleum Gas (LPG) by 2030. Chief Executive Office of the NPA, Hassan Tampuli, announced this at a stakeholder engagement on cylinder recirculation policy at Tamale in

“We will officially request to meet the ministry, request to meet government, request to meet the energy ministry and attempt some dialogue. If, however, all these fail then clearly, we will have to resort to what we have done all over the period; a protest. A legitimate protest.” The Executive Secretary of the Chamber of