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Oil & Gas
Oil companies owe Ghana ground rent arrears to the tune of $2.1m in 2020 – PIAC
Some oil companies operating in Ghana owe the country surface rental payment arrears to the tune of $2.1 million in 2020, representing a 34.71 per cent increase over the 2019 arrears of $1.5 million, according to the 2020 Public…
Ghana Chamber of Bulk Oil Distributors swears in new board
The Ghana Chamber of Bulk Oil Distributors (CBOD) has sworn into office an 11-member board to steer the affairs of the body over the next three years.
The new executive board is made up of members with vast experience in finance,…
Ghana loses GH¢4.7b petroleum revenue due to illegal activities
Ghana has recorded staggering losses to the tune of GH¢4.7 billion in petroleum revenue due to illegal activities in petroleum distribution between 2015 and 2019 alone.
Taxes and levies on petroleum products are major sources of revenue…
Bawumia unveils Fuel Monitoring System to halt illicit activities in petroleum downstream sector
Vice President Dr Mahamudu Bawumia on Wednesday launched the National Retail Outlet Fuel Monitoring System to sanitise the supply and distribution of petroleum products in the country.
The system, also known as an Automatic Track…
TOR rejects Woodfield’s allegations of fuel shortfall
The Tema Oil Refinery (TOR) on Thursday rejected allegations from one of its clients; Woodfields Energy Resources Limited of a shortfall on its product volumes being held in the Refinery’s tanks.
This was contained in a statement signed…
Woodfields Energy denies owing TOR
Woodfields Energy Resources Limited, an indigenous Petroleum company has stated it was not indebted to the Tema Oil Refinery (TOR) to a tune of $5,000,000 and has refused to make payments.
A statement signed by the head of the legal…
Petroleum revenues will benefit all Ghanaians – President
Government is committed to ensuring that petroleum revenues are well managed for the benefit of all Ghanaians, President Nana Addo Dankwa Akufo-Addo has said.
Speaking at the launch of the 10th anniversary celebration of the Public…
COPEC kicks against new taxes on fuel products
The Chamber of Petroleum Consumers (COPEC) has urged Parliament to kick against government's plans to introduce Sanitation and Pollution Levy, which will charge 10 pesewas per litre of petrol/diesel.
Mr Duncan Amoah, the Executive…
Efficient management of energy sector is crucial to economic growth – ACEP
The Africa Centre for Energy Policy (ACEP) has observed the need for the Government of Ghana (GOG) to effectively manage the energy sector to drive economic growth and development.
ACEP insists that, to achieve this goal, government must…
TOR to become premium refinery – Minister assures
Dr Mathew Opoku Prempeh, Energy Minister, has unveiled Government’s plans to make the Tema Oil Refinery (TOR) one of the premium refineries in the West Africa sub-region.
Dr Prempeh indicated that President Nana Addo Dankwa…