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Tag Archives: ACEP

Maritime dispute win to boost Ghana’s economy

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Analysts in the oil and gas sector are anticipating a judgement in favour of Ghana at the landmark case involving Ghana and Ivory Coast at the International Tribunal of the Law of the Sea (ITLOS). The Special Chamber of ITLOS is expected to deliver its ruling on the three-year dispute between the two countries. Ghana, which took the case to ...

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450MW Karpowership to stabilize power supply – ACEP

Benjamin Boakye - Executive Director, ACEP

The African Center for Energy policy (ACEP) is hopeful the arrival of the 450 megawatts Karpowership will help improve power supply in the country. The new power generating vessel replaces an earlier once with a lower capacity of 225 megawatts at Tema. Citi Business News understands that the ship has arrived in Ghana’s territorial waters to directly feed into the ...

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ACEP pushes for local technology use in Ghana’s extractive sector

Benjamin Boakye - Executive Director, ACEP

The African Centre for Energy Policy (ACEP) has warned government against its over reliance on foreign partners in providing skills and technology needed to extract the country’s natural mineral resources. The energy think tank bemoans what it describes as the huge sums of monies spent to import such skills and technology. ACEP argues this is not in the best interest ...

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Contaminated fuel: Committee to advice on way forward – Boakye Agyarko

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The Energy Minister, Boakye Agyarko has indicated that the eight member committee tasked to look into the alleged sale of 5 million litres of contaminated fuel to Movenpiina, would now offer advice to the Minister on how to avert the possible sale of contaminated or off-spec products. According to him, the mandate also comes after a BNI report which exonerated ...

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ACEP opposes hedging, wants stabilization fund fortified

Benjamin Boakye - Executive Director, ACEP

The African Center for Energy Policy (ACEP) has opposed calls for Ghana to hedge its oil against global price fluctuations. According to the Executive Director of ACEP, Benjamin Boakye, the move will rather be injurious to the country’s economy in the long run. He rather advocated that the Bank of Ghana and Ministry of Finance work to develop the Stabilisation ...

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ACEP urges upward review of allocation to stabilisation fund

Ben Boakye - Dep. Dir. ACEP

The Africa Center for Energy Policy (ACEP) wants the government to revise the hundred million dollars allocation to the stabilization fund. ACEP argues that the allocation is inadequate and must be reviewed upwards. The fund which was capped at a hundred million dollars by the erstwhile government was however not captured in the 2017 budget. A situation ACEP describes as ...

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ACEP pushes for a transparent petroleum sector under NPP

Benjamin Boakye - Executive Director, ACEP

The African Centre for Energy Policy (ACEP), has impressed on the NPP government to pursue processes to enact regulations to guide the effective implementation of the Petroleum Exploration and Production (E&P) law. The Centre believes the regulations should intensify the call for transparency and value for money in the petroleum sector. The energy think tank also wants government to review ...

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2017 ‘imminent’ dumsor must not occur – Kwame Jantuah

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Oil and Gas Analyst, Kwame Jantuah has impressed on both the governing NDC and incoming NPP government to work to avert any load shedding regime early next year. He argues that the impact of another round of load shedding will be disastrous for businesses. Kwame Jantuah’s comments follow concerns by some industry players of a possible resumption of load shedding ...

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New oil refinery promises are ambitious – ACEP to political parties

General view of the Tema oil refinery near Ghana's capital Accra

The African Centre for Energy Policy (ACEP), wants political parties seeking to establish new oil refineries to be cautious, describing the decision as defeating economic principles with the current performance of the state’s oil refinery. The caution comes on the back of continuous monitoring of manifestoes of political parties on developing the country’s petroleum sector ahead of this year’s general ...

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ACEP demands further review of sulphur content for diesel

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The African Centre for Energy Policy (ACEP) wants the National Petroleum Authority (NPA) to further review downwards, its maximum sulphur content requirement for diesel products imported into the country. “The announcement that the standards have been reduced to 500 ppm is not satisfactory the reason being that importers can still import diesel with Ultra sulphur content of up to 10ppm ...

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