THREE opposition Members of Parliament (MPs) are lacing their boots to sue the Ghana National Petroleum Corporation (GNPC) for bypassing Parliament in securing a 700 million dollar loan facility from German bank, Deutsche Bank.
Category: Energy
Energy Think-Tank Welcomes GNPC-GNGC Merger
ENERGY think-tank, the African Centre for Energy Policy (ACEP) has welcomed the announcement of the takeover of the Ghana National Gas Company by the Ghana National Petroleum Corporation (GNPC).
Kwabena Donkor Heads New Power Ministry
GHANA’S President John Dramani Mahama has nominated Dr. Kwabena Donkor, as Minister for a newly created Ministry of Power.
ECG Boss Fired Over Power Crisis
GHANA’S President John Dramani Mahama has sacked Managing Director of the Electricity Company of Ghana (ECG), Rev. Ing. William Hutton-Mensah over ongoing power crisis in the West African country.
Ghana Receives $780.07 Million From Oil Cash
GHANA has received a total of US$780.07 million (GHȻ2,139.12 million) in revenues from oil receipts at the third quarter of this year, the Minister of Finance, Set Terkper has announced.
Fuel Prices: NPA Accused Of Milking The People
THE drastic reduction of crude oil from $115 per barrel to about $80 on the world market has compelled the opposition New Patriotic Party (NPP) to urge the government to reduce fuel prices accordingly.
Ghana: Oil And Gold Exports Decline
GHANA’S companies sold fewer products overseas for the period January to September,2014 but the trade deficit narrowed because of a big decline in gold and crude oil imports.
Minority Piles Pressure On NPA To Reduce Fuel Prices
GHANA’S Deputy Minority Leader in Parliament, Dominic Nitiwul is leading a crusade for government to reduce fuel prices drastically, as crude oil prices on the international market hit a four-year low. The Bimbilla Member of Parliament (MP) is of the opinion that the prices of fuel must be reduced to meet the realities on the […]
Row Over $700m Loan: GNPC Seeks Refuge In JJ’s Law
THE decision by the state owned Ghana National Petroleum Corporation (GNPC), led by Mr. Alex Mould, to borrow a whopping $700 from the European capital market, precisely Deutshe Bank of Germany, to support oil and gas infrastructure continues to raise eyebrows.
$700m Loan: GNPC And Parliament Fight Deepens
THE Ghana National Petroleum Corporation (GNPC) has defended its decision to secure a $700 million loan facility from the Deutshe Bank of Germany.