Tag: Institute of Energy Security
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Beatrice Annangfio writes: Ghana sleeping on renewable energy adoption
“All across the world we are noticing growth. Technology growth is the driving principles that are developing renewable energy resources. But Ghana seems to be missing in the puzzle. Renewable energy is a fright to policy makers” – Nana Amoasi VII, IES Executive Director. Across the world, access to energy is deemed as essential for…
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![Ghana must deploy the renewables to achieve universal electricity access by 2025 [Article]](https://citibusinessnews.com/wp-content/uploads/2020/03/Anamua-Sakyi-2-750x375-1.jpg)
Ghana must deploy the renewables to achieve universal electricity access by 2025 [Article]
Globally, access to substantial quantity and quality energy infrastructures have been found as essential to rapid and sustainable socio-economic development. According to the International Energy Agency (IEA), modern energy services, particularly, electricity and gas have an effect on productivity, health, education, safe water, and communication services. Ahali (2015) finds the extensive use of electric powered…
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Fuel prices to go up in 1st pricing window in June – IES predicts
Consumers of petroleum products are likely to pay more for the fuel they purchase at the various pumps in the first pricing window in June. That’s according to Energy think tank, the Institute of Energy Security, IES. The Institute of Energy Security explained to Citi Business News that, per its analysis, it expects the prices…
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![COVID-19 and climate change: One opportunity to fight two crisis [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2020/04/Paa-Kwesi-Anamuah-Sakyi-TGR.jpg)
COVID-19 and climate change: One opportunity to fight two crisis [ARTICLE]
The coronavirus (COVID-19) pandemic has become one of the biggest threats to the global economy and financial markets. The effect has already been felt in a wide range of energy markets, including coal and gas – but its impact on oil markets is exceptionally grave due to the constraint on people and goods from moving…
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Shortfall in projected petroleum revenue likely due to drop in oil prices -IES
The Institute of Energy Security (IES), is predicting a shortfall in goverrnment’s revenue from oil exports this year by half due to the continuous drop in global oil prices. The Executive Director of IES, Paa Kwesi Anamuah Sakyi, told Citi Business News although Ghana exports oil from its three production fields, the volumes are relatively…
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Fuel prices to drop in first February pricing window – IES
The Institute of Energy Security (IES) is predicting that prices of petroleum products are likely to fall at the pumps in the first pricing window of February. The expected fall, the energy policy think tank said, reflects the fall in the prices of Brent crude, gasoil and gasoline prices on the world market. According to…
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Fuel prices up by 9 pesewas
There has been a nine pesewas increase in fuel prices at some fuel stations across the city. The rise in price took into consideration the two percent increment in prices of crude oil, coupled with the 0.95% and 1.01% marginal increment in the prices of Gasoil and Gasoline respectively on the International market. The Institute…
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Consumers likely to pay more for fuel in second January pricing window — IES
The Institute for Energy Security (IES) is predicting that oil marketing companies will likely increase the prices of their petroleum products to make up for the marginal price movement of crude oil on the international market. “Taking into consideration the two percent increment in prices of Crude oil, coupled with the 0.95 percent and 1.01…
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Asante Berko appointed CEO for Tema Oil Refinery
The Tema Oil Refinery, TOR, is set to announce the appointment of Asante K. Berko, an investment banker, as its new Chief Executive Officer, a Citi Business News source has confirmed. The appointment of the new CEO comes barely a fortnight after the refinery appointed Ing. Ato Morrison as an interim head following the sudden…
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IES predicts two percent fuel price increase in New Year pricing window
The Institute of Energy Security (IES), is predicting an increase in fuel prices at the pumps when oil marketing companies review their prices in the first pricing window in January 2020. The energy policy think tank in a press release explained that the drivers of the potential increase include a four percent increment in prices…