Tag: ACEP
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ACEP pushes for local technology use in Ghana’s extractive sector
The African Centre for Energy Policy (ACEP) has warned government against its over reliance on foreign partners in providing skills and technology needed to extract the country’s natural mineral resources. The energy think tank bemoans what it describes as the huge sums of monies spent to import such skills and technology. ACEP argues this is…
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Contaminated fuel: Committee to advice on way forward – Boakye Agyarko
The Energy Minister, Boakye Agyarko has indicated that the eight member committee tasked to look into the alleged sale of 5 million litres of contaminated fuel to Movenpiina, would now offer advice to the Minister on how to avert the possible sale of contaminated or off-spec products. According to him, the mandate also comes after…
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ACEP opposes hedging, wants stabilization fund fortified
The African Center for Energy Policy (ACEP) has opposed calls for Ghana to hedge its oil against global price fluctuations. According to the Executive Director of ACEP, Benjamin Boakye, the move will rather be injurious to the country’s economy in the long run. He rather advocated that the Bank of Ghana and Ministry of Finance…
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ACEP urges upward review of allocation to stabilisation fund
The Africa Center for Energy Policy (ACEP) wants the government to revise the hundred million dollars allocation to the stabilization fund. ACEP argues that the allocation is inadequate and must be reviewed upwards. The fund which was capped at a hundred million dollars by the erstwhile government was however not captured in the 2017 budget.…
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ACEP pushes for a transparent petroleum sector under NPP
The African Centre for Energy Policy (ACEP), has impressed on the NPP government to pursue processes to enact regulations to guide the effective implementation of the Petroleum Exploration and Production (E&P) law. The Centre believes the regulations should intensify the call for transparency and value for money in the petroleum sector. The energy think tank…
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2017 ‘imminent’ dumsor must not occur – Kwame Jantuah
Oil and Gas Analyst, Kwame Jantuah has impressed on both the governing NDC and incoming NPP government to work to avert any load shedding regime early next year. He argues that the impact of another round of load shedding will be disastrous for businesses. Kwame Jantuah’s comments follow concerns by some industry players of a…
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New oil refinery promises are ambitious – ACEP to political parties
The African Centre for Energy Policy (ACEP), wants political parties seeking to establish new oil refineries to be cautious, describing the decision as defeating economic principles with the current performance of the state’s oil refinery. The caution comes on the back of continuous monitoring of manifestoes of political parties on developing the country’s petroleum sector…
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ACEP demands further review of sulphur content for diesel
The African Centre for Energy Policy (ACEP) wants the National Petroleum Authority (NPA) to further review downwards, its maximum sulphur content requirement for diesel products imported into the country. “The announcement that the standards have been reduced to 500 ppm is not satisfactory the reason being that importers can still import diesel with Ultra sulphur…
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NPA reviews maximum sulphur content for imported diesel
The National Petroleum Authority (NPA) has revised the national sulphur specification for diesel from maximum 3000 parts per million (ppm) to 500 ppm, effective January 2017. The Authority however says it will allow suppliers of fuel to Ghana to import diesel at 10ppm or lower. According to the NPA, whilst the revised national specification will…
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BDCs are ready to import fuel with European standards- Senyo Hosi
The Chief Executive Officer of the Chamber for Bulk Oil Distributors Companies (CBOD) Senyo Hosi has stated that the chamber is ready to import diesel with a sulphur level which meets the European limit of 5 or 10 parts per million (ppm). This follows a report released by the African Centre for Energy Policy (ACEP)…