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Retailers of Liquefied Petroleum Gas (LPG), are calling on Akufo-Addo’s government to scrap the 23 percent tax levied on the fuel product. The LPG Marketing Association of Ghana wants the Finance Minister, Ken Ofori Atta, to take advantage of next week’s mid-year budget review, to bring relief to Ghanaians. “We note with grave concern that […]

Government is pondering the idea of either issuing new bonds to cater for the rising energy sector debts on the back of changes to the Energy Sector Levies and Accounts or to shelve plans for the bonds until Energy Sector Levies and Accounts (ESLA) inflows improve significantly. A decision is expected to be taken before

IN 2018, shippers paid less than what they did in 2017 to shipping lines for undue grounding and detention of containers after the mandatory free periods, the Chief Executive Officer (CEO) of the Ghana Shippers Authority (GSA), Ms Benonita Bismarck, has disclosed. This, she explained, meant that demurrage declined by 22.4 per cent to US$59

More Oil Marketing Companies (OMCs) which had retail outlets which were cited as shortchanging consumers are to replenish the quantities to their respective customers within the coming days. That is the assurance from the Chamber of Petroleum Consumers, COPEC. The move follows series of negotiations and the need to give value for money despite complying

Vice President Dr Mahamudu Bawumia on Wednesday said significant progress has been made towards the pilot implementation of the Cylinder Recirculation Model under the National Liquefied Petroleum Gas (LPG) Promotion Policy. He said the Policy sought to ensure that LPG consumers have access to safe, efficient, affordable and environmentally-friendly LPG for commercial, industrial and domestic

The distribution of premix fuel to fishermen across the country is to be digitised by the end of August this year, Vice President Dr Mahamudu Bawumia, has disclosed. He said the move was to improve efficiency in the distribution of the fuel, do away with middlemen who mostly divert the product from reaching intended beneficiaries,

Nigeria and other sub-Saharan African countries would soon heave a sigh of relief from the importation of petroleum products, with the imminent completion of the 650,000 barrels-per-day (bpd) Dangote Refinery at Ibeju-Lekki area of Lagos. Group Executive Director, Strategy, Capital Projects & Portfolio Development, Devakumar Edwin, made this statement on Wednesday, July 10, 2019, during

Vice President, Dr. Mahamudu Bawumia has announced plans by government to commence the first phase of a new pipeline infrastructure project that will ease the movement of petroleum products across the sub-region.  For this to be accomplished, the Vice President said government is working on a petroleum transportation infrastructure master plan that will enhance the

Ghana loses 200 million dollars of tax revenue to smuggling of petroleum products and other nefarious activities in the petroleum sector every year. Chief Executive of the National Petroleum Authority Alhassan Tampuli who described these nefarious activities as “lucrative”, mentioned Takoradi port, Tema main Port, Prampram, Aflao and the eastern coastline as the unapproved offshore