An agreement for the start of onshore oil and gas exploration in the Keta Basin of the Volta Region has been finalised, President John Mahama has disclosed.
Category: Energy
President Mahama Receives Honorary Law Degree from Aberdeen Varsity
UK-based University of Aberdeen will on Friday (tomorrow) hold a special convocation to confer an honorary degree of Doctors of Laws (LLD) on Ghana’s President John Dramani Mahama.
Group Deepens Global Energy Sector Investments
The Abraaj Group (Abraaj), a leading investor operating in global growth markets, today announced the formation of a dedicated project development arm to further extend its investment capabilities in the energy infrastructure space.
Ghana Engulfs in Filth As Sanitation Cash Locks Up
Ghana’s burgeoning population is producing far more waste than its creaking infrastructure can contain.
Falling Oil Price: Stormy Months Ahead for Ghana’s economy
Ghana is in a tough spot. Commodity prices are falling, President Mahama is facing stiff competition from the twice defeated Nana Addo in the upcoming November elections, and declining agric and manufacturing sectors.
Oil Curse Hits Ghana
When the West African nation shipped its first barrels of crude oil in 2010, then-president John Atta Mills pledged to build new roads and a deep-sea port, expand the power grid and create an aluminum industry.
World Bank Approves $700 M for Ghana’s Energy Sector
The World Bank’s Board of Directors today approved a record investment of $700 million in guarantees for Ghana’s Sankofa Gas Project – a transformational project that will help address the country’s serious energy shortages by developing new sources of clean and affordable natural gas for domestic power generation.
Angola launches crackdown amid plunging oil prices
By Ana Naomi de Sousa On a Saturday afternoon last month police raided a house in Luanda, the capital of Angola, and dragged 16 people out at gunpoint, covered their heads in hoods, and drove them away. They have been held in solitary confinement since June 20. According to witnesses, the group had gathered for […]
US Firm Agrees to Finance Kenya’s Wind Power Project
As part of President Obama’s Power Africa initiative, the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today committed $233 million in debt financing to support construction and operation of the Kipeto Wind Power Project in Kajiado, Kenya.
Philips Revitalizes National Theatre with digital LED lighting
Royal Philips, the world’s leading diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of healthcare, consumer lifestyle and lighting has unveiled the newly illuminated National Theatre.