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Tag Archives: Oil and Gas

Hedge oil revenue to protect Ghana from rising oil prices – Senyo Hosi

Senyo Hosi-CEO Chamber of Bulk Oil Distributors

The Chamber of Bulk Oil Distributors (CBOD) wants the government to introduce new mechanisms to protect the country from the gradual rise in crude oil prices. The Chamber is impressing on the government to among others initiate processes that will stabilize oil revenue. The Chamber argues that this is necessary as Ghana is a net exporter of oil; that means ...

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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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Procurement delays impeding new oil explorations – GNPC CEO


The Ghana National Petroleum Corporation, GNPC, has appealed to President Akufo Addo to intervene and grant the necessary approval in the proposed oil exploration activities in the Voltaian basin. The CEO of GNPC, Dr. Kofi Koduah Sarpong explains that Ghana may miss out on potential increase in oil revenue due to increased exploration activities should the procurement challenges currently facing ...

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Prioritized expenditure to curb budget overruns – Former PIAC Chairman


A Former Chairman of the Public Interest and Accountability Committee (PIAC) Major Ablorh-Quarcoo (Retired) is asking government to prioritize its expenditure to avoid overspending budgets. According to him, the tendency of government to spend on unbudgeted projects must be stopped. The former PIAC Chairman cites how such behavior is impacting negatively on development across the country to make the point. ...

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Petroleum Ministry develops new regulations on oil & gas sector


The Minister of Petroleum, Emmanuel Armah Kofi Buah has outlined that his outfit is advancing moves for Parliament to pass three new regulations to augment the new Petroleum Exploration and Production Act. Mr. Buah also explains that the three regulations are expected to strengthen operations in Ghana’s oil and gas sector and ensure value for money. The three new regulations ...

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BDCs are ready to import fuel with European standards- Senyo Hosi

Senyo Hosi-CEO Chamber of Bulk Oil Distributors

The Chief Executive Officer of the Chamber for Bulk Oil Distributors Companies (CBOD) Senyo Hosi has stated that the chamber is ready to import diesel with a sulphur level which meets the European limit of 5 or 10 parts per million (ppm). This follows a report released by the African Centre for Energy Policy (ACEP) and its partner, Public Eye, ...

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