Ghana’s Power Minister, Dr Kwabena Donkor, has directed the Electricity of Ghana (ECG) to suspend six top officials of the company following the fire destruction of 21,000 meters at a warehouse in Kumasi.
Category: Energy
Ghana: Falling Oil Prices To Throw Gov’t Budget Off Gear
A renowned Chartered Economist, Dr. John Gatsi, has warned that if the trend of the falling oil crude prices on the international market continues into the second quarter of this year, it will pose a challenge to the 2015 budget.
President Mahama Justifies 10% Reduce Of Fuel Prices
Ghana’s President John Dramani Mahama has justified the recent paltry reduction of fuel prices in the country insisting that Ghanaians cannot continue to demand a reduction in fuel prices and still expect meaningful development.
Ghana: Court Throws GNPC Loan Injunction
The Commercial Court in Accra Wednesday dismissed an injunction application that sought to restrain the Ghana National Petroleum Corporation (GNPC) from accessing a $700 million loan facility.
Moody’s: Global oil And gas Players Enter A Challenging 2015
The global oil and gas industry is entering a challenging 2015 based on stubbornly low oil prices, Moody’s Investors Service says in a new report.
Tema Oil Refinery Bounces Back With A Bang
Despite numerous attempts being made by cabals in the petroleum downstream industry to frustrate the Tema Oil Refinery (TOR) from operating, the state owned refinery has managed to strike a deal with Sahara Energy Resources to supply it with crude oil for processing.
Brent Crude Falls Below $54 A Barrel For First Time In 5 Years
Oil prices fell through the $54 a barrel mark this afternoon, hitting a five-and-a-half year low, as the worldwide slump showed no signs of abating.
Blows Over Crude Oil Debt
There is a fierce battle between the National Petroleum Authority (NPA) and the Bulk Oil Distribution Companies (BDCs) over the country’s crude oil import bills.
Ghana Cuts Fuel Prices By 10%
Ghana has reduced petroleum prices in the country by 10% effective 1st January 2015. The Public Relations Officer of the Ghana’s National Petroleum Authority (NPA), Yaro Kasambata has announced.
NPA Paying Huge Debt To Crude Oil Importers
The Public Relations Officer of the National Petroleum Authority (NPA), Yaro Kasambata says the authority has cleared about half of the GH¢412 million indebtedness to importers of petroleum products in the country.