Accra, Ghana

GSE Feed

Forex Rate

Oil And Gas

Ghana Gas workers protest poor working conditions

ghana gas

Workers at the Atuabo Gas Processing plant of the Ghana Gas Company Limited, protesting against their poor working conditions have vowed not to rescind their decision until their issues are addressed. The workers who form the local union of the General Transport, Petroleum and Chemical Workers’ Union today (Friday), demonstrated against what they say is a failure by the management of ...

Read More »

Local participation in petroleum industry hits $221m in first half of 2016

Emmanuel Armah Kofi Buah

The volume of contract awarded to Ghanaians in the Petroleum and Gas Industry from January to June this year has hit 221 million dollars. The figure is an improvement on previous years which was about half  under same period of review. Speaking to Citi Business News, the Minister of Petroleum, Emmanuel Armah Kofi Buah attributed the feat to the passage ...

Read More »

Govt is careful on overestimating revenue from TEN- Terkper


The Finance Minister, Seth Terkper has stated that government is being careful in projecting revenue from the Tweneboa Enyenra Ntomme (TEN) field due to uncertainties in the prices of crude oil. Prior to oil production in Ghana’s first oil field, Jubilee project, government pegged full capacity at over 90,000 barrels per day but technical hitches hindered the full production. In addition, ...

Read More »

Only residential users should pay energy sector levies – Tony O. Gyasi

Tony Oteng Gyasi- Former AGI President

A former President of the Association of Ghana Industries [AGI], Tony Oteng Gyasi, is impressing on government to limit the imposition of the energy sector levies to residential users of petroleum products only. According to him, the imposition of the taxes on all categories of petroleum users (both industrial and domestic), is to the disadvantage of industry. Mr. Gyasi explains that ...

Read More »

Western region chiefs demand over 20% oil revenue allocation

Vice President of the Western Region House of Chiefs and Omanhene of Lower Discove, Nana Kwesi Agyeman IX

Chiefs in the Western region have renewed calls for increased allocation of the oil revenue to the region. They have expressed grave concern over what they say is the continuous disadvantage of the region despite it being home to the commercial exploration of the country’s hydro carbon resources. The calls follow the official commissioning of the Tweneboa Enyenra Ntomme [TEN] ...

Read More »

Mahama commissions FPSO Atta Mills [Photos]

Pres. Mahama on the FPSO John Atta Mills

President John Dramani Mahama today [Thursday], turned on the production valve on the Floating Production Storage and Offloading Vessel (FPSO), John Evans Atta Mills, to officially commence production of oil in commercial quantities at the Tweneboa, Enyenra and Ntomme (TEN) Fields. The ceremony was held offshore on the FPSO as the President also opened a Subsea Well Choke, unveiling a ...

Read More »

Govt to push for increase local participation in Oil & Gas industry


President John Mahama has assured that government will continue to push for an increase in local content participation in Ghana’s oil and gas industry. Speaking on the FPSO Professor John Atta Mills to commence oil production in the Tweneboa Enyenra Ntomme (TEN) field, President Mahama expressed satisfaction at the level of Ghanaian involvement in the fabrication of parts of the ...

Read More »

TEN oil field will boost Ghana’s economy & energy sector – GNPC

Alex Mould-GNPC 600x330

One of the partners for the Tweneboa, Enyenra and Ntomme (TEN) Oil field that is the Ghana National Petroleum Corporation (GNPC) has told Citi Business News the commencement of commercial oil flow from the field will aid the country in its quest to become one of Africa’s thriving economies. President John Mahama will today [Thursday] turn on the valves of ...

Read More »

E&P law to enhance accountability in petroleum industry- Petroleum Commission

Petroleum Commission CEO, Theophilus Ahwireng

The Chief Executive Officer of the Petroleum Commission Theophilus Ahwireng has stated that the Exploration and Production (E&P) Bill which was passed by parliament recently will enhance accountability in the petroleum upstream sector. According to him, the bill will help create certainty in the petroleum upstream industry by removing developments that may cause to unnecessary litigation. “The predictability of the ...

Read More »

Petroleum funds accrue over $144m in first half 2016


Ghana received some 144,400,610.40 dollars as part of the Ghana Petroleum Funds from three lifting’s of crude oil from the Jubilee oil fields as at the end of the first half of 2016. This is according to a publication from the Bank of Ghana on crude oil lifting’s of Ghana and the allocation to the Ghana Petroleum Funds. The opening ...

Read More »
Ghana Business News