Category: Oil And Gas
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NPA allays fears of fuel scarcity in the country
Despite the earlier scare of a likely scarcity of fuel in the country, the National Petroleum Authority is confident that there is enough of the commodity in Ghana. Head of Economic Regulation at the National Petroleum Authority, Abass Ibrahim Tasunti reassured the public that there was sufficient fuel in the country and hence no need…
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Fuel prices to rise marginally in second pricing window of May – IES
Consumers of fuel may have to brace themselves for more shocks in the next couple of days because the Institute of Energy Security (IES) is forecasting a 3 to 6 percent increase in the price of petrol and LPG and 2 percent increase in the price of diesel on the local market. According to the…
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Wereko-Brobby advocates against dual use of LPG
Energy Analyst and former Chief Executive Officer of the Volta River Authority, Dr. Charles Wereko Brobby, has raised concerns about the dual use of Liquefied Petroleum Gas (LPG) in the country. According to him, the situation where LPG is used more in the transport industry than for domestic use, is making it difficult for government…
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![New GNPC boss: The In Tray [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2022/04/Danquah-1.jpg)
New GNPC boss: The In Tray [ARTICLE]
The newly appointed acting Chief Executive Officer to the Ghana National Petroleum Corporation (GNPC), Opoku-Ahweneeh Danquah, has an excellent profile which is believed more than qualify him for the job, particularly with his background as the Deputy Chief Executive (DCE) Technical Operation. However, he may be confronted with a tall list of challenges that he…
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Gov’t spends GH¢5.1 Million in training 149 Ghanaians for petroleum sector jobs
The Petroleum Commission has charged beneficiaries of government-sponsored training programs in the upstream petroleum sector to commit to working in Ghana after graduating. The remarks follow the graduation of 149 Ghanaians after six months of hands-on technician training, to enable them to work in the Petroleum industry. Speaking at the graduation ceremony of the students…
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Opoku-Ahweneeh Danquah takes over as GNPC CEO from Dr. K.K Sarpong
The Deputy Chief Executive Officer at the Ghana National Petroleum Corporation (GNPC), in charge of Technical Operations, Opoku-Ahweneeh Danquah, has taken over from Dr. Kofi Koduah Sarpong as the new chief executive officer of the company. Dr. K.K Sarpong, is expected to step down as the chief executive officer of the company later this week…
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PIAC asks GNPC to quit giving out loans to gov’t until significant recoveries are made
The Public Interest and Accountability Committee (PIAC) has advised the Ghana National Petroleum Corporation (GNPC) to desist from granting loans and guarantees until recoveries are made with reference to outstanding loans. This comes after reports that the Petroleum Corporation could not realize its budgeted revenue from loans and guarantees due to debts owed it by…
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More oil cash could help gov’t meet 2022 revenue target – Seth Terkper
Former Finance Minister, Seth Terkper says a sustained high price of crude oil on the international market could help government in raking in much-needed revenue for this year. From a revenue target of GH¢72 billion in 2021, government has set for itself a new target of GH¢ 100 billion for 2022, and is hoping the…
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Ghana’s oil revenue up 17.5% despite decrease in production – PIAC
Data from the Public Interest and Accountability Committee (PIAC) has disclosed that Ghana’s revenue from oil production saw an increase to a record US$783.33 million in the year ending 2021. This represents a 17.5 percent increase in revenue from the US$666.39 million recorded in 2020. According to PIAC, this increase is due to higher crude…
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WAPCo presents start-up tools and scholarships to students in host communities
The West African Gas Pipeline Company Limited (WAPCo) has presented start-up tools to graduates of its Community Youth Enterprise Scheme (CYES) in Shama District of the Western Region and Tema Manhean/Kpone in the Greater Accra Region. The company also presented scholarship certificates to the eighth batch of its scholarship awardees under its Scholarship Scheme. WAPCo…