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    Deadline for debt exchange program moved to February 7 with new terms

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

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    Nigeria’s national debt hits an all time as the country struggles with repayment

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    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

    Policy Rate increased by 100 basis points; now at 28%

    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

    AMA to roll out digital revenue collection system in March 2023

    We will not layoff Vodafone staff – Telecel

    Petrol to sell for GHS15 in February – IES

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

  • TECHNOLOGY

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

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Stakeholders push for development of national hydrogen policy

bycitibusinessnews
December 3, 2022
in Local Economy, News, Oil And Gas
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Stakeholders within the energy sector are pushing for speedy efforts toward developing a comprehensive national policy and a roadmap on hydrogen energy.

This, Executive Chairman of the GMEA Group, Charles Laba, notes will activate the needed investment and business activity relating to hydrogen country as well as accelerate the country’s national energy and climate plan.

Speaking during the Offshore Africa Energy Summit 2022, organised by Jurbert Communication Limited, in Accra he also noted this could stimulate capital spending on new infrastructure and spur sustainable economic growth and development in the post – pandemic era.

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“We have to enable ourselves and be prepared for what’s coming. It’s a matter of will we be ready when this comes or will we not be. If we look back at the history of Ghana, when we discovered oil in 2008, we were not ready for it and that created a backlog of processes and procedures that did not allow us to capitalize on the oil boom earlier on than we did………………and the same story will happen with Hydrogen, if we are not ready.  If legislature, processes and procedures and all the different mechanics are not in place when hydrogen comes,the story will be the same.

If we don’t have the right policies in place and we don’t welcome investors, with open arms, I am afraid we can’t afford this. The investment is going to be in billions of dollars. So we have to encourage potential investors who are interested in doing this to come with us, hold our hands and work together,” he said.

He further noted that, traditionally sourced from natural gas and coal, hydrogen, would continue to play important roles in industries that contributes highly to GDP and shifts the dynamics in the global renewable power market thereby pushing the green hydrogen to the forefront.

Globally, hydrogen plays a vital role as a storage medium that has both the highest capacity and the longest energy release time. Added benefits includes hydrogen being converted efficiently into electricity and used flexibly for domestic energy supply.

The overarching expectation is that hydrogen would play a key role in a future climate-neutral economy, enabling emission-free transport, heating and industrial processes, and aside inter-seasonal energy storage.

The Offshore Africa Energy Summit 2022 was organised by Jurbert Communication Limited, publishers of Offshore Africa – an oil and gas magazine.

It was themed: ‘Business Drivers and how they Are Shaping the Future of Energy Delivery and Investment Returns’.

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