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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

The Ghana Energy Awards (GEA) has opened nominations for the third edition of the national Energy Awards under the theme “Energy, the Key to a Sustainable Economy for Industrialisation,” in Accra. Dr Lawrence Tetteh, world renowned Evangelist, officially declared nominations open for the 2019 Ghana Energy Awards. The Awards Scheme broadly aims to recognise the

The Chamber of Petroleum Consumers (COPEC) has petitioned the Speaker of Parliament over the proposed increase in components of the Energy Sector Levies (ESLA) which will lead to increase fuel prices. COPEC in its petition said the “current fuel price increase is coming at the wrong time.” The mid-year budget reviews saw an upward adjustment in

The energy sector, whose inherent financial and technical inefficiencies affect every facet of the economy and millions of lives, is next in line for a major clean-up after a similar exercise undertaken in the banking sector over the last two years, the Finance Minister, Ken Ofori-Atta, has said. Fresh from an expensive banking sector clean-up

The Chamber of Petroleum Consumers (COPEC) says it intends to protest the increase in the Energy Sector Levies (ESLA) which will increase fuel prices. During the mid-year budget review, the Finance Minister said the government had to turn to the ESLA to raise more funds to settle legacy debts inherited from the previous government. COPEC’s Executive

Some tanker drivers on Monday, threatened to stop lifting petroleum products from the Tema Oil Refinery (TOR) if management does not fix its deplorable parking space. The drivers, who park their gas and oil tankers at the TOR tanker park did not load for hours even when some of their leaders informed them about the