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Mismanagement cause of removal of fuel subsidies – ACEP

The Director of Planning and Research at the  Africa Centre for Energy Policy, (ACEP)John Amowu says full cost recovery on petroleum product policy in the country is as a result of the mismanagement of foreign exchange deferential by the managers of the economy. He was speaking at the sidelines of the business and networking meeting organized by the Canadian Chamber ...

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Counsel for Tullow ex-worker open to out of court settlement

The aggrieved worker of Tullow Ghana Limited, who is suing the company for GHC 10 million will accept an out of court settlement, her lawyer, Bright Akwetey has said. A 35-year old ex-worker of Tullow Ghana Limited, Pearl Margaret Ashley has dragged the company to the Human Rights Court over a work-related injury. She is demanding the said amount from ...

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Ex-worker drags Tullow to court

A 35-year-old woman has dragged Tullow Ghana Limited to the Human Rights Court over work-related injury. Pearl Margaret Ashley, a social worker and graduate from the University of Ghana, is demanding GH¢10 million from her former employer for providing her with a chair which has caused permanent injury to her back. According to  Ms Ashley she has suffered permanent injury ...

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ECG not for sale – Energy Ministry

The Ministry of Energy and Petroleum has denied claims that the Electricity Company of Ghana (ECG) is “up for sale” in fulfillment of conditions attached to the second Millennium Challenge Compact. Some media reports indicate that government had resolved to privatize the Electricity Company of Ghana (ECG) as part of a condition to access the second compact of the Millennium Challenge ...

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Parliament approves Atuabo free port project

Parliament on Thursday ratified a commercial agreement between the government of Ghana, Lonrho Ports Ghana Limited and Atuabo free Port Company Limited for the facilitation of the Ghana Oil and Gas Free Port Project. The project which would be situated at Atuabo in the Western Region is expected to be fully operational in 2016 to meet the logistics and support ...

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Petroleum Commission inaugurates local content committee

A seven member local content committee of the Petroleum Commission has been inaugurated to implement and monitor local content targets for the oil and gas sector. The local content law which took effect in February this year seeks to put Ghanaians at the forefront of all petroleum activities, while ensuring foreign oil companies also get fair returns on their investments. ...

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Buipe Petroleum Storage Depot shut-down

The Buipe Petroleum Storage Depot has been temporarily shut-down for routine maintenance. Depot Manager, Fred Ayarkwa explained that the exercise was in line with a nationwide upgrading system. He anticipated that operations will resume by the end of September 2014. The Buipe Petroleum Storage Depot has two pumping stations with a booster station at Savelugu. The Savelugu booster station facilitates ...

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Removal of fuel subsidy cause of 23% increment – NPA

The National Petroleum Authority (NPA) has attributed the 23% increment in petroleum prices to the removal of the fuel subsidies, the prices of crude oil on the international market and the depreciation of the Ghana cedi. The Public Relations Officer of the Authority, Yaro Kasambata on the Citi Breakfast Show said since the government is no longer subsidizing the price ...

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Power grid will be set up in West Africa – Mahama

National Electricity Companies in West Africa are seeking to establish a reliable power grid for the West African sub-region. The cooperation, dubbed the ‘West African Power Pool’ will see the establishment of a plant in Ghana to generate about 450 megawatts of power to some selected West African countries. President John Mahama who revealed this when the President of Sierra ...

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Ghana is ready for solar energy – GTUC

Dr Agyenim Boateng, Dean of Graduate School, Ghana Technology University (GTUC) says the nation could go for solar energy if it musters the political will and put in place right research investment and capacity building for local people. He observed that in the light of the country’s abundance sunshine, it has the potential to develop and use of solar power, ...

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