The Volta River Authority (VRA) is indebted to the Ghana Gas Company to the tune of over US$350 million for the supply of lean gas for power generation, Dr. George Ajah-Sipa Yankey, the Chief Executive Officer (CEO) of the Ghana National Gas Company (GNGC), has said.
Category: Oil & Gas
ACEP Welcomes the Release of Final Rules by the US SEC
The Africa Centre for Energy Policy (ACEP), a leading energy think-tank in Africa has welcomed the release of final rules by the US Securities and Exchange Commission (SEC) for the implementation of Dodd Frank Section 1504, which require oil, gas and mining companies to disclose payments made to governments of resource host countries.
GNPC Overspends 2015 Budgetary Allocation
The 2015 Public Interest and Accountability Committee Report on Petroleum Revenue Management, has cited the Ghana National Petroleum Corporation, GNPC, as overspending its budgetary allocation for 2015 by 49%.
AFC and Harith merge assets to bring power to Africa
Harith General Partners (Harith) and Africa Finance Corporation (AFC), two preeminent institutional investors based in Africa, have merged their power sector assets, expertise and experience to create a new energy entity combining both renewable and non-renewable power generating assets in Africa.
Opposition Lawmakers Chastise State Oil Firm for Wasteful Spending
Ghana’s Minority in Parliament, once again, chastised the management of the Ghana National Petroleum Corporation (GNPC) for what they said was profligate expenditure.
Beneficiary Owner Disclosure Missing in Ghana’s Petroleum Bill
Beneficial Ownership Disclosure which is critical in reducing high level corruption and improving transparency and accountability in the oil and gas sector is conspicuously missing in the current Exploration and Production (E and P) Bill lying before the Parliament of Ghana.
Ghana: Shareholders of GOIL Hit Jackpot
Shareholders of Ghana Oil Company Limited (GOIL) are set to benefit from a 25 percent increase in dividend following a growth in profit after tax of 10.4 percent.
Chris Chinebuah Adjudged Entrepreneur of the Year
The Executive Chairman of Fuel Trade Limited, Chris Chenebuah has been named Entrepreneur of the Year 2015 at the Ghana Entrepreneur and Business Support Awards held in Accra over the weekend.
Africa Singapore Business Forum Returns
International Enterprise (IE) Singapore’s Africa Singapore Business Forum (ASBF) is the premier platform for fostering investment, trade and thought leadership between Asia and Africa.
Global Oil Giant Targets Ghana, Central Africa
An oil & gas advisory, E&P and trading firm that aligns its unique industry skillset and network has landed on the African continent.