Oil & Gas

Commercial drivers in New Juaben South have asked for a reduction in petroleum taxes because of rising prices of petroleum products at the pumps. The price of petroleum products, particularly liquefied petroleum gas, diesel, and petrol,…

Stakeholders at a Petroleum Revenue Management dialogue have called for strong citizen engagement and involvement on how oil funds allocated to the Annual Budget Funding Account (ABFA) are utilised to ensure transparency and value for…

The Public Interest and Accountability Committee (PIAC) says Ghana, earned $6.55 billion out of the $31.22 billion generated from its three oil producing fields. The amount is an equivalent of 9.97 per cent of 2020 Gross Domestic Product…

An assessment of the management and use of Ghana’s Petroleum Revenues from 2011 to 2020 shows that the country in 10 years has spent 74 per cent of withdrawals made from the Ghana Stabilisation Fund (GSF) on debt repayment. The amount…

The government has paid a total of GH¢16.45 billion to both Independent Power Producers (IPPs) and fuel suppliers between 2016 and June 2021 on behalf of the Electricity Company of Ghana. Out of these disbursements GH¢12,079,567,156.33…

Stakeholders in the Oil and Gas industry have proposed a forum on the fiscal regimes in the petroleum sector to determine which option will offer the country the maximum revenue. Specifically, the forum will consider the Hybrid System of…

The Canoe and Fishing Gear Owners Association of Ghana (CaFGOAG) says the irregular supply of Premix Fuel is hampering the work of artisanal fishers. According to the Association, Premix Fuel has been in short supply since the beginning…

President Nana Addo Dankwa Akufo-Addo says Ghana and Guyana must be able to benefit from their recently discovered substantial hydrocarbon resources for the benefit of their citizens. He said the two nations ought to balance…

The Ghana Petroleum-Hub project at Beyin in the Jomoro Municipality of the Western Region will create over 780,000 jobs for the youth. Mr Charles Owusu, Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC),…

Tullow Ghana Limited and the Ghana Navy have signed a Memorandum of Understanding (MoU) for the contracting of a Ghanaian Navy vessel to provide security services at the Jubilee and the Tweneboa Enyenra Ntomme (TEN) oil fields. A…