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Oil & Gas

President directs review of exploratory and petroleum agreements

President Nana Addo Dankwa Akufo-Addo has charged the Energy Ministry to review critically existing oil exploratory activities and petroleum agreements, as the country moves to ensure efficiency and transparency in the management of its oil and gas resources. Such a review, would determine oil fields that are sub-optimal, and possibly …

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Government can reduce fuel prices – PIAC

Dr Steve Manteaw, Chairman, Public Interest and Accountability Committee (PIAC), has said government could reduce fuel prices following gains made in the 2018 budget projections. “2018 is a good year. Government at the beginning of the year projected petroleum revenue at $57 per barrel but we are currently making $84 …

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Ghana Cylinder Manufacturing Company gets new Board

A new Board was on Friday inaugurated for the Ghana Cylinder Manufacturing Company (GCMC) with a call on members to work in harmony to make the Company a more viable entity. Mr Joseph Cudjoe, the Deputy Minister of Energy, who supervised the inauguration in Accra, urged the members to ensure …

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Energy Commercial Bank launches IPO to raise GH¢340m

Energy Commercial Bank on Tuesday launched its Initial Public Offering (IPO) to raise GH¢340 million from the Ghanaian investing public as the lender prepares to meet the Regulator’s new threshold for capital requirements. The offer for the subscription of over 261 million new shares at GH¢1.30 per share would run …

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Bill will harmonise gas sector regulations – Amin Adam

Ghana is currently drafting a comprehensive Gas Bill that is expected to consolidate gas sector regulations and harmonise the legal regime with the emerging global regulatory landscape, the Deputy Minister of Energy, Mr Amin Adam has said. The Bill, he said, is expected to be finalized and passed within a …

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Bear with government over increasing petroleum product prices – Minister

Mr Mohammed Amin Adam, the Deputy Minister of Energy, has asked Ghanaians to bear with government as it implements measures to address challenges with the current and future petroleum price movements. Speaking at the opening of the fifth Ghana Gas Forum in Accra on Tuesday, on the theme: ‘Driving Ghana’s …

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