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Oil & Gas

Ministry of Energy intervenes in GCMC impasse

The Ministry of Energy says it is working with the State Enterprises Commission (SEC) to address the impasse at the Ghana Cylinder Manufacturing Company (GCMC) Limited. It said it was the considered view of the Ministry that due to the nature of the impasses and the fact that the Board …

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ACEP calls for Mineral Revenue Management Law

The African Centre for Energy Policy (ACEP) has call for the passage of a mineral revenue management law to guide the disbursement and utilisation of revenues in the mining sector. Mr Benjamin Boakye, the Executive Director of ACEP said over the period that the country had been mining; there was …

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GOIL pays GH¢1.1b in taxes and levies to government

The nation’s foremost indigenous Oil Marketing Company (OMC), Ghana Oil Company Limited (GOIL) had paid a total sum of GH¢1.128 billion, which comprises taxes and levies to the government during the year 2017. In spite of making lower than expected volume of sales, the GOIL Group’s financial results were impressive …

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GOIL holds 49th Annual General Meeting

Ghana Oil Company Limited (GOIL) the nation’s foremost indigenous Oil Marketing Company (OMC), on Wednesday held the 49th Annual General Meeting in Accra. An independent Auditor, Frederick Bruce-Tagoe on behalf of PKF Chartered Accountants who audited the GOIL 2017 accounts affirmed that the company kept proper books of account. The …

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GOIL share price takes upward trajectory  

The share price of the nation’s foremost indigenous Oil Marketing Company, Ghana Oil Company Limited (GOIL) has taken an upward trajectory as it has moved from GH¢1.1 December 28, 2016 to GH¢10 as at April 2018. These indicators, a Stock Market Expert told the Ghana News Agency in an interview …

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Ghana Gas ready to supply to potential investors

Authorities of the Ghana Gas Company have lauded government’s efforts at synchronize all activities across the gas value chain. The synchronisation has ensured that all the necessary tie-ins are done with relevant stakeholders in maintaining a world class facility tied around efficiency and effective service delivery that met international best …

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TEN partners introduce project to ensure cleaner environment

The TEN partners have introduced the Community-led Environment and Beach improvement and school sanitation (CLEBISS) project in its bid to curb the rampant pollution of the environment, water bodies through plastic and human waste. “Already, the ocean is filled with about 165 million tons of plastic and by the 2050, …

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GNPC commits $9m to professorial chair at UMAT

Mr K.K Sarpong, the Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC) has said the corporation was keen to build the research and technology base of the country in advancing its development. According to him, industries could only do well based on quality research and innovations from academia …

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Over 50% of completed school projects deteriorating – PIAC

The 2017 projects inspections report of the Public Interest and Accountability Committee (PIAC), has revealed that over 50 per cent oil funded schools projects show signs of deterioration in less than three years after completion. Dr Steve Manteaw, the Chairman, PIAC, made the findings and observations from the inspection of …

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BOST uncovers blackmarketers in petroleum sector

The Bulk Oil Storage and Transportation Company Limited (BOST) on Monday revealed that it has uncovered some Ghanaians and foreigners who have entered into the petroleum sector (Petroleum Black Market dealers) whose operations are inimical to the economy. BOST has therefore pitched its operations to topple the activities of the …

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