Category: Energy
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GRA takes on OMCs for not remitting consumer taxes totalling over GHS100 million
The Ghana Revenue Authority on Thursday, May 20, 2021, began an exercise to take on Oil Market Companies (OMCs) that have defaulted in honouring their tax obligations to the state. The exercise saw the GRA partially possessing and locking up assets of some seven oil marketing companies who, cumulatively, owe the state over GHS100 million…
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![Ghana must develop national hydrogen policy and roadmap [Article]](https://citibusinessnews.com/wp-content/uploads/2020/12/IES.jpg)
Ghana must develop national hydrogen policy and roadmap [Article]
The world is moving into a “Hydrogen economy” led by developed economies, and the pace looks quite fast. In most advanced countries that are looking for ways to recover from the economic damages wrecked by COVID-19, they are setting mid-to-long-term plans with more detailed targets that include hydrogen in several of their economy rebooting policy…
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Our MD must be sacked; he has no vision – ECG staff demand
The Junior and Senior Staff of the Electricity Company of Ghana (ECG) are demanding the immediate removal of their Managing Director, Mr. Kwame Agyeman-Budu from office over alleged mismanagement of the company. The staff said they took the decision at a joint National Executive Committee held last Friday at the ECG Training School in Tema.…
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LPG marketers urge government to reconsider increase in gas prices
The Liquefied Petroleum Gas (LPG), Marketers Companies Association of Ghana is asking the government to reconsider the announced 18-pesewa upward adjustment on a kilogram of LPG. According to the association, the tax will further worsen the plight of consumers and subsequently lead to a reduction in the use of the product. The association further indicated…
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Timing for proposed increment in electricity tariffs wrong – Consumer Protection Agency
The Chief Executive Officer of the Consumer Protection Agency, Kofi Kapito, says any possible increment in electricity tariffs would be ill-timed. Though he acknowledged the need for an increase in tariffs, he has instead urged the Public Utility Regulatory Commission (PURC) to focus on seeking compensation for customers who have lost electrical gadgets due to…
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There’ll be systematic power outages in May – Energy Minister
Ghanaians would have to brace up themselves for more power outages in May 2021. According to the Minister of Energy, Dr. Matthew Opoku Prempeh, there will be an erratic power supply in May due to the ongoing upgrade of the Kasoa and Pokuase substations. Speaking at a forum in Accra on Thursday, April 8, 2021,…