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Tag Archives: ACEP

Depreciating cedi to negate fuel price drop – ACEP

Benjamin Boakye - Executive Director of ACEP

The Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye has told Citi Business News petroleum prices at the pumps will not experience any significant drop in the coming weeks, even though crude oil price continues to drop on the international market. According to him, a continuous depreciation of the cedi against the dollar will leave prices at ...

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ACEP demands swift passage of mineral revenue management law

Benjamin Boakye - Executive Director of ACEP

The African Centre for Energy Policy (ACEP) wants the government to make do its promise of passing the Mineral Revenue Management Law to track revenue made in the mining sector. The government is yet to pass the law almost two years into its administration. A development, ACEP believes raises concerns on the future of investments in developing mining communities. The ...

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ACEP demands clarity on basis for reducing electricity tariffs

Benjamin Boakye - Executive Director of ACEP

The African Center for Energy Policy (ACEP) is urging the Public Utilities Regulatory Commission (PURC) to provide details on factors that influenced the margin of reduction in electricity tariffs. ACEP argues its analysis proves that only the transmission service charge has been reduced while the bulk generation and distribution service charges have gone up for the period. According to the ...

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Karpower deal extension: IES warns of rise in power costs (Audio)

KARPOWER

The Institute of Energy Security (IES) is cautioning of an eventual increase in the cost of power generated from the Karpowership over the continuous payment of capacity charges. The IES believes this will also defeat the immediate claims by the government of reducing the cost of power produced from the power barge. The comments come on the back of government’s ...

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Low funding keeps sulphur in diesel products from TOR high

Isaac Osei - MD, Tema Oil Refinery

It is emerging that the Tema Oil Refinery (TOR) will need some 300 million dollars before it could refine products to the current specified sulphur content for diesel of 50 parts per million. The development also puts consumers at risk as there are fears the products may have been in circulation at the various retail outlets. The revelation comes seven ...

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ExxonMobil must abide by local content laws – Analyst

ExxonMobil-Nigeria-headquarters

Oil industry analysts want authorities to enforce Ghana’s local content policies as new entrants join Ghana’s oil exploration industry. The comments also follow the commencement of operations of ExxonMobil in Ghana. The company is expected to sign an agreement with the government on Thursday, January 18, 2018, on the development. Citi Business News has been speaking to some industry players ...

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Analysts urge private sector involvement in TOR

TOR

Analysts in the oil and gas sector are upbeat about government’s plans to revamp operations of the Tema Oil Refinery (TOR). Though they have largely lauded the move, the industry watchers have suggested the need to attract private sector participation in order to achieve the full objectives. The comments also follow recent fuel shortage and its impact in Neighbouring Nigeria. ...

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Revamp TOR to reduce petroleum imports – IES

oil block

The Institute of Energy Security (IES) has urged government to work to revamp the Tema Oil Refinery (TOR) in order to reduce the country’s over dependence on imported fuel. The IES argues that the development has dire implications should there be threats of cuts in supply. The comments come on the back of shortage of fuel in Nigeria for at ...

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Nigeria’s fuel shortage not to affect Ghana – ACEP

Benjamin Boakye - Executive Director of ACEP

The Africa Centre for Energy Policy (ACEP) has ruled out any impact of the fuel shortage in Nigeria on Ghana. The energy think tank explains that Ghana’s decision to review downwards, its sulphur content for imported petroleum products, limits it from importing fuel from Nigeria. Nigeria has for the past three weeks been hit with fuel shortages particularly in Lagos ...

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ACEP demands cancellation of non performing Petroleum Agreements

Benjamin Boakye - Executive Director of ACEP

The African Centre for Energy Policy (ACEP) wants the Ghana National Petroleum Commission (GNPC) to review all petroleum agreements which have breached the minimum work obligation in the petroleum laws. Of the 14 petroleum agreements, 5 had been affected by the ITLOS ruling hence their inability to conduct the expected activities on the allocated block. The remaining 9 has therefore ...

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