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Browsing Category
Oil & Gas
Ghana generates $9.85b petroleum revenue from 2011 to 2023
In 2007, Ghana announced it had found oil in commercial quantity. In 2010, the country started oil production, and started generating revenue from petroleum in the year 2011.
GOIL maintains dividend despite profit decline
GOIL PLC, one of the largest indigenous Oil Marketing Companies (OMC) in Ghana has decided to maintain a dividend payment of GH¢0.056 per share to its shareholders for the year 2023.
Africa Energy Bank to be ready by 2024 third quarter – APPO Secretary General
Preparations towards the take-off of the Africa Energy Bank (AEB), a joint project being promoted by the Africa Petroleum Producers Organization (APPO) and the Afreximbank, has reached an advanced stage.
Institute of Applied Science and Technology to commercialise fuel made from plastics
The Institute of Applied Science and Technology (IAST) of the University of Ghana (UG), is seeking partnership to scale up the production of high-value fuels made from plastic waste.
President orders review of SML, GRA contract
President Nana Addo Dankwa Akufo-Addo has called for a review of the contract for downstream petroleum audit services, particularly the fee structure, regarding the transactions between the Ghana Revenue Authority (GRA) and Strategic…
Cylinder Recirculation Model will make LPG accessible – NPA Boss
Dr Mustapha Abdul-Hamid, the Chief Executive Officer of the National Petroleum Authority (NPA), has said the implementation of the Cylinder Recirculation Model (CRM) policy will improve safety in the distribution of LPG and bring it closer…
IES proposes three-prong approach for stable, affordable fuel prices
The Institute for Energy Security (IES) has proposed a three-prong approach to ensure stable and affordable petroleum prices in Ghana.
Cedi depreciation to blame for surge in fuel prices – COPEC
The Chamber of Petroleum Consumers (COPEC) has cautioned that fuel prices will continue to surge in the coming weeks if the depreciation of the cedi against the dollar is not addressed.
We will prioritise citizen engagement – PIAC Chairperson
Emerita Professor Elizabeth Ardayfio-Schandorf, Chairperson of the Public Interest Accountability Committee (PIAC), intends to prioritize citizen participation in her new position.
Gold for Oil policy reduces forex pressures significantly – Akufo-Addo says
President Nana Addo Dankwa Akufo-Addo says that the Gold for Oil Programme worked well, significantly lowering forex constraints on bulk energy storage, transportation, and imports.