Tag: Paa Kwasi Anamua Sakyi
-
Anamua Sakyi writes: Low prices induces cut-backs within the oil and gas sector
Brent crude is now trading below the US$30 per barrel mark compared to US$68.60 trading price recorded on January 03, on fears the deadly Covid-19 will push the world into recession with an oversupply of the commodity. Oil prices fell heavily at the open in Asia on Monday 23, 2020 after a trillion-dollar Senate proposal…
-
Anamua Sakyi writes: Absolutely nothing wrong with ‘Take-or-Pay’ power purchase agreements
In recent times, there has been a strong debate on factors necessitating Ghana’s rising energy sector debt. One of such factors as mentioned, is the “take-or-Pay” (ToP) clause in the Power Purchase Agreements (PPAs) between the Government of Ghana (GoG) and Independent Power Producers (IPPs). GoG as the buyer of the power produced by the…
-
TOR MD was forced to resign after he refused ‘corrupt’ deal — Think tank alleges
The Institute of Energy Security (IES) is alleging that the recent resignation of the Managing Director of Tema Oil Refinery, Isaac Osei, was induced by persons who wanted him to approve a shady deal that would have cost taxpayers millions of dollars. The energy policy think tank in a press release stated that its investigations…
-
GNPC departing from its CSR strategy — policy think tank
The Institute of Energy Security (IES) has said the Ghana National Petroleum Corporation (GNPC) is deviating from its corporate social responsibility strategy with the provision of funds to support the activities of quasi-state institutions among other stakeholders. GNPC, the state agency responsible for the exploration, licensing, and distribution of petroleum-related activities last month approved some…
-
Restrictive tender may produce worse outcome than PDS deal — IES
The Institute of Energy Security (IES) has stated that the government’s decision to use a restrictive tendering process to select a successor to PDS may yield a worse outcome. A statement released by the think tank and signed by its Executive Director Paa Kwasi Anamua Sakyi said the termination of the PDS deal comes as…
-
Article: Why crude oil price forecasts proves to be inevitably wrong
Predicting Oil Prices For the oil price forecasting fraternity, the great oil bust of 2014 signal one more failure. That in a matter of six months, Brent oil price dropped over 40 percent from $115 per barrel to $70 per barrel; and tumbled to mid-$20s of a barrel in first month 2016. And after struggling…