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Reduce impact of fuel price hikes on us – GPTRU to gov’t


The Ghana Private Road Transport Union (GPRTU), wants government’s intervention to reduce the impact of fuel price hikes on its members. The Union has however said it does not plan to increase transport fares. The Union cannot increase fares in line with an agreement with the Ministry of Road and Transport. Checks by Citi News at some fuel pumps on ...

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Drivers lament over GH¢5 fuel prices


Some drivers have expressed their displeasure over the increase in fuel prices for the second pricing window in September. Checks by Citi Business News at some fuel pumps on Monday evening [September 17, 2018] showed that Shell had increased its prices. A litre of diesel and petrol are being sold at 5 cedis 18 pesewas and 5 cedis 14 pesewas ...

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Over 600,000 litres of BOST’s contaminated fuel ‘evaporates’


The Bulk Oil Storage and Transportation (BOST) is in the news again, this time over the disappearance of about 600,000 litres of its contaminated fuel. A five-member committee set up by the current Managing Director of BOST, George Mensah Oakley to take stock of five million litres of the off-spec product noticed the disappearance. The committee chaired by the CEO ...

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PIAC probes GNPC over Takoradi assets & revenue losses


The Ghana National Petroleum Corporation (GNPC) has the next seven days to explain to the Public Interest and Accountability Committee (PIAC), circumstances surrounding the Corporation’s acquisition of properties in the Western region. The move has been viewed by some as a conflict of interest which flouts administrative rules. The Chairman of PIAC, Dr. Steve Manteaw explained to Citi Business News ...

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‘Gov’t must probe $9.8m oil revenue loss’ – Steve Manteaw


The Chairman of the Public Interest and Accountability Committee (PIAC), Steve Manteaw has asked the government to investigate circumstances under which the country lost some $9.83 million as a result of underpricing of some oil products by the Ghana National Petroleum Corporation (GNPC). Mr. Manteaw believes a “mere directive” by the Finance Minister, Ken Ofori Atta for the GNPC to ...

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Ofori-Atta questions GNPC boss over $9.8m oil revenue loss

kk sarpong

The Minister for Finance, Ken Ofori-Atta, has asked the Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Dr. K.K Sarpong to explain circumstances that led to the country losing $9.83 million in oil revenue, as a result of under-pricing of oil products by the Corporation. The Minister is demanding that the GNPC answers for why it sold crude ...

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$350m China LNG deal to boost oil and gas sector


The Executive Director of the Kumasi Institute of Technology, Energy and Environment (KITE) Ghana, Ishmael Agyekumhene has described the 350 million dollar Liquefied Natural Gas (LNG) terminal deal with China as a good agreement that will boost Ghana’s oil and gas industry. Mr. Agyekumhene is optimistic the deal will ultimately secure the supply of fuel to grow the energy sector. ...

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ENI secures oil fields with Italian vessel


One of the major oil producing fields, ENI, has undertaken processes to fortify its operations in the oil and gas sector. It follows the arrival of Italian ship;Luigi de la Penn in Ghana on Thursday, August 30th 2018. The presence of the ship here in Ghana will not only see increased trade relations between Ghana and Italy but also more ...

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ESLA bond raises GH¢5.66 billion


Managers of ESLA PLC has announced that they have been able to raise about 265 million cedis as part of the energy bond to save the energy sector. This was carried out under the ten year auction bid of the bond; which spans from 2017 to 2027. According to the managers of ESLA PLC, the re-tapping took place on Wednesday, ...

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