Tag: Dr. Mohammed Amin Adam
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Government to provide incentives to encourage private sector in funding petroleum hub
To turn Ghana into a petroleum hub in the West African sub-region with ultra-modern refineries, pipelines, storage facilities, and transportation facilities, private sector participation is needed. It is in this regard that the government is advocating for private sector companies to support the project which is expected to cost US$60 billion, with funds. On the…
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Energy Ministry plans review of petroleum laws to protect local content in upstream sector
A review of the petroleum regulations in the upstream sector to amend some sections of the petroleum laws has begun. When amended, the new regulations will allow state oil companies such as the GNPC and GOIL to take up the 5% indigenous stake in oil contracts to make it easier for international companies to invest…
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Price of domestic gas will drop soon — Deputy Energy Minister
Deputy Energy Minister, Mohammed Amin Adam says the price of domestic gas will soon drop on the markets. According to him, the government is recalibrating domestic gas prices to be able to achieve the target. The decision to recalibrate follows various complaints from businesses about the high cost of the commodity which makes it difficult…
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Dr. Amin Adam leads Ghana’s transparency drive in extractive sector
The Minister of Finance, Ken Ofori Atta, has appointed Deputy Minister of Energy, Dr. Mohammed Amin Adam has been appointed as Ghana’s Champion for Extractive Industries Transparency Initiative (GHEITI). He is to lead the implementation of the EITI in Ghana. The appointment of Dr. Mohammed Amin Adam is in fulfillment of requirements of the Extractive…
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ExxonMobil deal: Gov’t likely to extend timeline for local partner
ExxonMobil may get an extension of the timeline to select a local partner for its operations in Ghana. Citi Business News understands this may be the option since the government is keen on getting the company to operate in the country’s oil sector. Deputy Energy Minister, Dr. Mohammed Amin Adam disclosed this in an interview…
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No renewal of license for fronting companies – Petroleum Commission
The Petroleum Commission of Ghana has cautioned all businesses that engage in fronting to desist from the practice or face the law. The Commission has stated that it will not renew the license of any Joint Venture which fails to fully disclose the identities of its shareholders. The CEO of the Petroleum Commission, Egbert Faibille…