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Cut down on petroleum revenue supported projects – PIAC

The Public Interest and Accountability Committee (PIAC) has called for substantial cut down on projects implemented with the annual budget funding amount (ABFA) from the petroleum revenue. Professor Paul Kingsley Buah-Bassuah, Chairman of the Committee, asked that the government identified few legacy projects that should be supported. The spread of …

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Penplusbytes leads discussions on the oil factor in December Elections

The “Ghana Elections 2016 – Amplifying Oil, Gas and Elections issues” project has been launched in Takoradi to help heighten awareness and strengthen responsiveness to oil and gas governance concerns in the country. Penplusbytes, with support from Ghana Oil and Gas for Inclusive Growth (GOGIG) and International IDEA, are rolling out …

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Fired workers of Eni unhappy with layoff procedure

Disgruntled workers of Desimone Limited, Eni Sanzule Site project on Monday demonstrated against the authorities of the company for wrongfully laying off 25 workers before the end of their seven-month contract. The workers clad in red bands, blocked the road leading to the site and offices of the project with …

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Stakeholders decry high cost of projects funded with petroleum revenues

The stakeholders at a day’s sensitisation workshop on the utilisation of the petroleum revenues, have expressed concern about the high cost of projects funded with the petroleum revenues. They, therefore, asked the Public Interest and Accountability Committee (PIAC) to impress upon the implementers of those projects, to breakdown the various …

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Siemens increases investment in Ghana’s energy sector

Global technology powerhouse Siemens has announced further significant investment in gas and steam energy generation projects in Ghana over the next three to five years. One of the world’s largest energy, industrial and infrastructure companies, Siemens will roll out a series of projects, including new gas and steam turbines contributing …

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Oil revenue alone cannot support Ghana’s development – Prof. Buah-Bassuah

Professor Paul Buah-Bassuah of the University of Cape Coast and Chairman for the Public Interest and Accountability Committee (PIAC), has called on government to invest into other sectors as the revenues from oil alone cannot sustain the country’s economy. He said the country receives only five percent of the royalty interest …

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Gas from TEN field will help stabilize energy situation – Terkper

The Finance Minister, Seth Terkper says production of oil and gas from the Tweneboa, Enyenra and Ntomme (TEN) fields offshore Ghana which started today, is good news, as the availability of gas from the fields would help stabilize the current energy situation in Ghana. Speaking to the BBC Focus on …

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Tullow reports first oil from TEN

Tullow Oil says first flows of oil has been reached at the Tweneboa, Enyenra and Ntomme (TEN) fields offshore Ghana. According to the British oil producer, first oil has been reached on time and on budget three years after the Ghana government gave approval for the development plan of the …

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Mahama to turn-on valve on FPSO Atta Mills for start of production at TEN

President John Dramani Mahama will on Thursday August 18, 2016, symbolically turn-on the production valve on the Floating Production Storage and Offloading Vessel (FPSO) John Evans Atta Mills to officially commence production of oil in commercial quantities at the Tweneboa, Enyenra and Ntomme (TEN) Fields. A statement from the Ministry …

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