Tag: Boakye Agyarko
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Ameri welcomes Amewu’s ‘enhanced’ agreement
Ameri Energy has demonstrated its willingness to work with the government of Ghana on the new agreement it has brought forth. CEO of Ameri Energy, Mustafa Ahmed said in a statement: “We are always happy to address any misconceptions about our work and we’ve engaged in a constructive dialogue with the government and all stakeholders.…
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Ameri deal: IES cautions against hasty decisions
The Institute of Energy Security (IES) is urging that the government takes its time before going ahead with any further action on the AMERI deal. The energy think tank wants the acting Minister of Energy, John Peter Amewu to clarify all outstanding issues before making any move on the agreement. The comments follow the President’s…
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Ministry prioritizes communities displaced by Volta Lake Project
Energy Minister, Boakye Agyarko has stressed his outfit’s commitment to improving livelihoods in communities affected by the construction of the Akosombo Dam on the Volta River. He explains that his ministry will work to generate funds to address critical issues confronting residents in such communities. Mr. Agyarko believes addressing the funding needs is critical to…
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Govt to build new oil refinery for $4 bn
Government has announced an ambitious plan to build a new oil refinery to replace the Tema Oil Refinery (TOR) within the next three to four years. Energy Minister, Boakye Agyarko who disclosed this says the new facility should increase the supply of refined products in Ghana. This is also part of attaining the energy hub…
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Analysts demand clarity over ExxonMobil agreement
Some energy sector analysts want government to come clear with the decision regarding direct negotiations with ExxonMobil over the latter’s preparations to start operations in Ghana’s oil industry. They argue that the seeming failure by the Energy Minister to resort to an open bidding process to select ExxonMobil, requires further scrutiny of the deal. The…
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New BOST Board mandated to stabilize fuel prices
The Minister of Energy, Boakye Agyarko, has tasked the new Board of the Bulk Oil Storage and Transportation Company (BOST) to intensify efforts to increase the strategic reserves of petroleum products in the country. He maintains that failure to increase the stock of petroleum products in due time, could trigger price hikes. In addition, BOST’s…
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Work to get relevant laws passed – Minister to PC Board
Energy Minister, Boakye Agyarko has charged the new Board of Directors of the Petroleum Commission to work to get outstanding legislations on their operations passed into law by the end of the year. The Commission is seeking to get the Data Management Regulations and the Health and Safety Regulations by December this year. The two…
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Give value for money – Energy Minister charges new Audit Committee
Energy Minister, Boakye Agyarko has charged the new Audit Committee for the energy ministry to commit itself to giving value for money as it commences its work. As part of fulfillment of provisions of Section 86 of the Public Financial Management Act 2016 (Act 921), the Minister on Friday, June 2, 2017 inaugurated a five…
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Frances Essiam is new CEO for Cylinder manufacturing company
Frances Essiam has been appointed as the CEO of the Ghana Cylinder Manufacturing Company. The appointment was made by the President, Nana Addo Dankwa Akufo Addo. The appointment was also contained in a letter dated 8th May, 2017 and signed by the Energy Minister, Boakye Agyarko. It also stated that Madam Essiam was nominated for…
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World Bank blames sole sourcing for Ghana’s high power costs
The World Bank has blamed Ghana’s relative high cost of power on the adoption of sole sourcing in the granting of power purchase agreements under the past NDC administration. The Bank has also warned of some economic consequences following the country’s inability to sell off its excess power due to the high cost. The World…