Category: Oil And Gas
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BDCs debt payment plan with Govt in limbo?
Fears of a likely collapse of a number of banks in the country have been reinforced following new revelations that government may not abide by the agreed payment plan to clear debts owed banks by Bulk Oil Distribution Companies (BDCs). Government is currently indebted to about 17 Bulk Distribution Companies (BDC)s in excess of…
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Trafigura, Vitol, others selling dirty diesel to Africa – Swiss NGO
Ghanaian Civil society group, the African Centre for Energy Policy, ACEP, has revealed through its partners, a Swiss NGO, Public Eye, how Swiss commodity trading firms are exporting what they call ‘dirty diesel’ to Africa. ACEP in a statement signed by its Deputy Executive, Benjamin Boakye, made this known in a report it launched on Thursday, September 15,…
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Maintenance works at Atuabo Gas completed
Citi Business News understands that the Atuabo Gas Processing Plant has begun receiving some 80 million standard cubic feet of gas from the FPSO Kwame Nkrumah. It follows the successful completion of routine maintenance works on the gas plant which lasted for 10 working days. The Corporate Communications Manager of Company, Alfred Ogbarmey also told…
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TOTAL launches Excellium fuel
As part moves aimed reducing adulterated fuel on the Ghanaian market, TOTAL has introduced the TOTAL Excellium to enhance vehicle efficiency. According to the company, the new TOTAL Excellium has undergone periodic checks and improved to serve as an engine cleaner. Speaking to Citi Business News, the Managing Director of Total Ghana, Olivier Van-Parys stated…
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MiDA acted in bad faith on ECG Compact II – PUWU
The Public Utility Workers Union (PUWU) says the Millennium Development Authority (MiDA) has acted in bad faith in announcing that the Ghana Power Compact has entered into force despite objections raised to some aspects of it. According to the General Secretary of PUWU, Micheal Adumatah Nyantakyi, the Electricity Company of Ghana (ECG) can be made…
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PUWU hits Dr. Wereko-Brobby over ‘sack ECG workers’ comment
The General Secretary of the Public Utility Workers Union (PUWU) Michael Adumattah Nyantakyi has taken a swipe at a former Chief Executive Officer of the Volta River Authority (VRA), Dr. Charles Wereko-Brobby over his comments that the Electricity Company of Ghana (ECG) must consider sacking workers involved in recent agitations. According to Mr. Nyantakyi, even…
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Ghanaians to build new gas pipeline- Dr. Sipa Yankey
The CEO of the Ghana National Gas Company, Dr. George Sipa Yankey has told Citi Business News all civil and construction works under the second phase of the gas infrastructure project implementation will be done by Ghanaians. According to Dr. Sipa Yankey, the decision forms part of government’s commitment to promote local content within the…
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ECG concession enters into force despite suit, workers’ agitation
The Ghana Power Compact, also referred to as Compact II, has now entered into force despite a law suit against the Millennium Development Authority (MiDA) over the concession of the Electricity Company of Ghana (ECG). A press statement released by MiDA and copied to Citi Business News explained that by the action, the treaty which…
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![Impact of labour unrests on power sector [Audio]](https://citibusinessnews.com/wp-content/uploads/2016/09/john-jinapor-1.jpg)
Impact of labour unrests on power sector [Audio]
Ghana’s power sector has within the last few weeks been characterized by quite a number of agitations on the labour front. Concerns bordering on job losses, poor conditions of work, management inefficiencies are but a few of the reasons cited by the agitating workers. The issues have also led to divided opinion among industry watchers…
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Ghana Gas gets nod to construct new gas pipeline
The Ghana Gas Company Limited has been given the green light to build a separate pipeline from the Atuabo Gas Plant in the western region to Tema in Greater Accra region. This is to allow for an independent piping of processed gas from the Aboadze plant to the Tema enclave. Earlier the BOST was originally…