Government is set to establish a refinery in Takoradi that will refine 150, 000 barrels of oil per-day, Energy Minister, Boakye Agyarko has revealed.
The “new TOR”, as the Minister terms it, will be will reduce significantly, the amount of oil the country imports to meets its demands, and to...
Background
Did you know that getting frustrated over a situation can bring something positive? Well, I didn’t really think about it until I heard the story of Juliet - the brain behind Ga-Soak. Read on as she shares with the B&FT’s Inspiring Start-ups how she got a brilliant idea...
The Peasant Farmers Association of Ghana (PFAG) has called on government to address delays to input distribution, the poor quality of inputs, as well as bureaucracies holding back smooth implementation of the Planting for Food and Jobs (PFJ) initiative.
According to the PFAG, reports from its regional monitoring identified loopholes...
There is a need to establish new legislations for the downstream petroleum sector, in order to realise government’s vision of making Ghana a hub for refined petroleum products in the West African sub-region, Energy Minister, Boakye Agyarko has advised.
According to the minister, who was speaking at the 2018 Downstream...
Total petroleum receipts - the sum of earnings from liftings and other petroleum proceeds from the Jubilee and TEN oil fields - stood at US$362.58million as at September 2017, data from the Ghana National Petroleum Commission (GNPC) have shown.
The figure, which indicates an astronomical surge from the US$172.91million realised...
The state in 2017 lost some GH¢868m to shady petroleum service providers who dump products meant for export back onto the Ghanaian market.
Due to tax waivers on some petroleum products meant for export, crooked service providers find an incentive in selling such products on the local market - which...
Implementation of the Cylinder Recirculation Model, which is expected to begin this year, will create an estimated 4,500 new jobs along different levels of the supply chain.
An official statement from the Corporate Affairs Division of the National Petroleum Authority (NPA) said: “Direct job losses are estimated to be about...
Brent reaches highest in five years
Ghana averagely imports more oil that it exports
Ghana will likely hedge its oil imports under a new risk management strategy to keep fiscal consolidation on track as global crude prices recover, a finance ministry source told Reuters on Monday.
Brent crude futures hit...
B&FT’s Online Editor, Richard Annerquaye Abbey, has been adjudged the Best in Information Communication Technology reporting at the Flamingo Awards, organised by the Institute of Financial and Economic Journalism (IFEJ).
Mr. Abbey was recognised for his article that raised questions on why the Bank of Ghana sidestepped the Ghana Interbank...