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Oil & Gas
Numerous amendments to Petroleum Management Bill confusing – Joe Ghartey
Parliament on Wednesday adjourned unceremoniously over innumerable amendments on the Petroleum Management Bill.
The unusually bulky 61 page Order Paper for the day had 256 amendments which according to Mr Joe Ghartey, New Patriotic Party…
Civil Society Platform backs Heritage Fund, but says no to oil-backed loans
The Civil Society Platform on Oil and Gas has pledged support for a Heritage Fund, as proposed in the Petroleum Revenue Management Bill before Parliament, saying its deletion would be a subversion of the peoples' will.
It said the…
Landlords ejecting tenants to convert houses into offices for oil companies
A Principal Rent Officer at the Rent Control Department, Mr. Twum Ampofo, has said the Department had received several complaints from tenants that they were being ejected from their rooms by landlords and landladies following the oil…
CHRAJ to establish unit to deal with oil and gas corruption
Beginning 2011, the Commission for Human Rights and Administrative Justice (CHRAJ) would establish an oil and gas Unit to train investigators and lawyers to deal with human rights abuses, corruption and injustices in the industry.
Mr…
Prof. Adei says Ghana can collaterise oil revenue
The former Rector of the Ghana Institute of Management and Public Administration (GIMPA), Professor Stepben Adei, has added his voice to the ongoing debate on whether to collateralise the oil revenue or not and said it was in the national…
Mahama – I stand by 10% pledge oil revenue for Western region
The Vice-President, Mr John Dramani Mahama, has reiterated his earlier position that 10 per cent of the Jubilee oil revenue should be allotted to the Western Region for development.
Addressing a cross-section of Ghanaians at a reception…
Forum on Ghana oil and gas worries over abysmal policies on extractive sector
Participants at a forum on the Engendering Legislative Frameworks for Ghana's emerging oil sector have expressed worry about the abysmal policy regulatory frameworks in the management of extractive resources of the country over the years.…
Oil will influence future inflation in Ghana – Dr Kwakye
The Institute of Economic Affairs (IEA) said on Thursday that oil production would be the biggest influence on inflation in the country in future.
"Given the spending pressures expected from the oil revenue, achieving low single-digit…
Group supports use of oil money as loan collateral
The People's Independent Movement (PIM), a political group, on Tuesday declared support for the use of oil money as collateral for government loans.
A statement signed by Nana Addo-Aikins, the Spokesperson of the group, said that the law…
Ghana sources $4.7m loan to support local engineering skills development in oil and gas
The Government is sourcing a 4.7 million dollar World Bank loan to support engineering skills development relevant to the emerging oil and gas industry, Mr Alex Tettey Enyo, Education Minister, has said.
Two out of the three chosen…