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PIAC advocates more infrastructure for schools

The Public Interest and Accountability Committee (PIAC) has expressed concern about the infrastructural development in Senior High Schools (SHSs) in the Northern, Upper East and Upper West Regions. They have therefore called on government to expand their facilities to cater for the teeming number of students. Dr Thomas Kojo Stephens, …

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Sankofa delivers first gas to Ghana power producers – Vitol

The oil company, Vitol today August 20, 2018 announces that the Offshore Cape Three Points (OCTP) has made its first gas delivery from the Sankofa field to the Ghana National Petroleum Corporation (GNPC). In a press release copied to ghanabusinessnews.com, Vitol says the deliveries are the beginning of what it …

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Ghana is capable of running free SHS with proceeds from natural resources – Manteaw

Dr Steve Manteaw, Chairman of the Public Interest and Accountability Committee, over the weekend said compared to other African countries, Ghana is more capable of funding the free senior high school programme. He said for instance when Uganda started a similar programme in 2007, its GDP was $12 billion with …

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NPA clears Globex Energy of tax evasion

The National Petroleum Authority (NPA) has cleared Globex Energy Limited to do business in all petroleum downstream activities. Earlier in a press release, the NPA suspended Globex Energy Limited together with other oil companies over tax evasion. A spokesperson for the company, by a letter dated August 3, 2018, said …

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Involve chiefs and communities on procedures and oil funded projects – Stakeholders

Participants at a two-day National Stakeholders’ engagement on the allocation and utilisation of petroleum resources have proposed the setting up of community monitoring groups on oil funded projects as the state strive to ensure value for money. The consultant on such projects according to the participants , must also be …

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CSOs call for re-negotiation of Ghana ExxonMobil deal

Trade Unions and Civil Society Organisations (CSOs) have urged government to re-negotiate the draft ExxonMobil deal to ensure that the country generated more revenue. They said a careful look at the current draft contract could help increase the estimated proceeds to support government’s effort towards revenue mobilisation. The participants noted …

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Ghana lifts 3.96 million barrels of crude oil in first five months of 2018

The Ghana National Petroleum Corporation (GNPC) has lifted four parcels of crude oil on behalf of the State in the first five months of 2018, compared with three liftings in 2017.  This involved 3.96 million barrels of crude oil, compared with 2.89 million barrels in the same period in 2017.  …

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Keta Delta Block oil contract is bad business for local people

In 2015 the Ghana government, the Ghana National Petroleum Corporation, the state-owned oil company signed a petroleum agreement with an oil company known as Swiss African Oil Company and its local subsidiary, Pet Volta Investments Ltd., but the contract in its current form is bad for business for local people …

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Ghana makes $4.009b from petroleum in seven years

Dr Steve Manteaw, the Chairman of Pubic Interest and Accountability Committee (PIAC), on Thursday disclosed that Ghana has benefited a total sum of $4.009 billion from petroleum revenue in the seven years of petroleum production. He said out of the total sum of $4.009 billion in 2011 to 2016, the …

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PIAC urges GNPC to take a second look at pricing policy

Mr Dennis Gyeyir, the Technical Officer of the Public Interest Accountability Committee (PIAC) has said the committee has found out that the price of the Tweneboa, Enyenra, Ntomme (TEN) crude for Ghana Group was lower than the estimated benchmark price. He said the Ghana National Petroleum Corporation (GNPC) needed to …

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