Tag: Institute for Energy Security
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Fuel prices to go up between 5% and 10% – IES
Consumers of petroleum products should expect fuel prices to go up between 5% and 10% at the various pumps across the country from September 2022, According to the Institute for Energy Security, IES, this will add close to 70 pesewas to the current prices. Currently, a litre of petrol is going for about GHS11 on…
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IES predicts petrol will sell above GH¢10 per litre in coming weeks
The Institute for Energy Security (IES) is projecting a rise in price of Gasoline (Petrol) ranging from 5 percent to 9 percent in the first pricing window of June. The Institute is however predicting some form of stability in the prices of Gasoil (Diesel) and Liquefied Petroleum Gas (LPG) in the same period. Per the…
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IES predicts relatively stable fuel prices in the second pricing window of April
Consumers of fuel can heave a sigh of relief for the remaining weeks in April because the Institute of Energy Security (IES) is projecting relative stability in the price of fuel on the local market in the second pricing window of this month. According to the Institute, this is attributed to the 1.5 percent cedi…
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Russia-Ukraine tensions, Cedi depreciation may increase fuel prices by 4% – IES
As the country continues to suffer fuel price hikes and increases in transport fares, consumers may have to brace themselves for more shocks in the next few days. The Institute for Energy Security (IES) is predicting a four percent increase in the prices of Liquefied Petroleum Gas (LPG), Diesel, and Petrol at the pumps in…
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Suspension of PSRL was an unrealistic way of tackling fuel price hikes – IES
The Institute for Energy Security (IES) has described the suspension of the Price Stabilization and Recovery Levy (PSRL) as an unrealistic strategy for bringing down domestic fuel prices. Prices of fuel have gone up at the pumps across the country because the levy, which is a key component of the fuel price build-up, has been…
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IES fears return of ‘dumsor’ if government refuses to take over Ameri plant
The Institute of Energy Security (IES) has predicted a complete shutdown in power supply in Ghana following the lack of preparedness by the government to take over the Ameri Power deal. The Ameri deal was signed by the government in 2015 at a total cost $510 million to provide 230 megawatts of power for five…
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Make use of more renewable energy sources – IES urges government
The Institute of Energy Security (IES) has intensified its advocacy for the government to make renewable energy a critical component of Ghana’s power mix. Ghana has so far failed to meet its initial target of universal electricity access by 2020 and also failed to meet its 10 percent deployment of renewable energy by 2020 target.…
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Political will needed to boost investment in renewable energy – IES
The Institute for Energy Security, IES, has stated that ample political will is required for Ghana to boost investment in renewable energy. According to IES, Ghana would have to draw lessons from countries like Kenya that are leading in the renewable energy sources on the continent. Speaking to Citi Business News, a fellow of the…
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Post COVID-19: A green bank in the 2021 budget crucial – IES
The economic shock experienced by most economies caused by the novel Coronavirus (Covid-19) pandemic can have widespread and dramatic effect on investments in the energy sector. The baseline expectation for 2020 is a widespread global recession caused by prolonged restrictions on mobility and social and economic activity. With a gradual opening up of economies currently…
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Nana Amoasi VII writes: Universal electricity access and inter-linkages with other SDGs
Energy is widely regarded as a major determinant of economic prosperity of any State. It is accepted as a crucial ingredient that propels any economic activity, and indeed the pillar of wealth creation. Especially in the developing world, the provision of a greater access to energy has been suggested by some as vital in helping…