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GNPC identifies over 1bn barrels of oil, 2.5trn cubic feet of gas in Tano Basin

GNPC identifies over 1bn barrels of oil, 2.5trn cubic feet of gas in Tano Basin

The Corporation says the resources could help boost Ghana’s declining petroleum production if existing infrastructure is leveraged to develop them commercially. Senior Geomatic Engineer at GNPC, Emmanuel Boadum Donkor, said spatial data analysis using Geographic Information Systems (GIS) was helping the Corporation identify ways to connect stranded resources to existing petroleum infrastructure and reduce development...

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Ghana Reaffirms Partnership with IAEA at Vienna Conference

Ghana Reaffirms Partnership with IAEA at Vienna Conference

Ghana has reaffirmed its commitment to strengthening cooperation with the International Atomic Energy Agency (IAEA) as the country participates in the 70th IAEA General Conference in Vienna. Ghana’s Minister for the Environment, Dr. Zantor Agyeman-Rawlings, led the Ghanaian delegation to the conference, where discussions focused on the country’s partnership with the IAEA and the peaceful...

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UK Inflation To Hit 3.1% After Spike In Petrol Prices

UK Inflation To Hit 3.1% After Spike In Petrol Prices

Surging fuel prices helped drive UK inflation higher again last month, according to official figures. The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation increased to 3.1% in August, compared with 2.9% in July. The uptick was in line with predictions from economists and points to an upward trajectory for inflation since...

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Ghana, France Deepen Energy Cooperation Talks

Ghana, France Deepen Energy Cooperation Talks

Ghana and France are looking to strengthen cooperation in the energy sector as the two countries explore opportunities to deepen their longstanding bilateral relationship and support Ghana’s broader energy and economic transformation agenda. The discussions took place in Accra when Ghana’s Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, received France’s Ambassador to...

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Dr Ackah Highlights Five Years Of Ghana Energy Reforms

Dr Ackah Highlights Five Years Of Ghana Energy Reforms

Ishmael Ackah has highlighted a series of energy-sector reforms and regulatory interventions undertaken during his five years of public service, pointing to changes in electricity tariffs, power-purchase agreements, sector financing, cybersecurity and battery energy storage as key areas in which Ghana’s energy architecture has evolved. In a reflection on his last month at the Ministry...

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GRIDCo Strengthens Ghana’s Grid For Northern Solar Growth

GRIDCo Strengthens Ghana’s Grid For Northern Solar Growth

The completion of a 4-kilometre, 161kV transmission line connecting the Yendi Solar project to Ghana’s Tamale–Yendi transmission network marks an important step in the country’s effort to expand renewable generation without allowing grid infrastructure to become a constraint on that growth. Delivered entirely by the Ghana Grid Company Limited’s (GRIDCo) technical teams, the project involved...

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NPA increases price floor from September 16; petrol to sell at GH¢16, diesel at GH¢16.77

NPA increases price floor from September 16; petrol to sell at GH¢16, diesel at GH¢16.77

The National Petroleum Authority (NPA) has increased the price floor for the second “Pricing Window” from September 16.Market data picked up showed that the price floor for petrol has been increased from GH¢ 14.53 to GH¢ 16.00 per litre. Diesel has also been increased from GH¢ 15.60 to GH¢ 16.77 per litre. LPG, on the...

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ECG Carries Ghana’s Energy Fiscal Burden, IMF Finds

ECG Carries Ghana’s Energy Fiscal Burden, IMF Finds

Ghana’s electricity sector remains one of the biggest pressure points on the country’s public finances, with the Electricity Company of Ghana (ECG) at the centre of a structural problem involving revenue collection, tariff under-recovery, expensive power contracts and large investment requirements, according to a new International Monetary Fund technical assistance report on state-owned enterprises. The...

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Petrol to sell at GH¢16.26, diesel GH¢19.07 from Wednesday – COPEC

Petrol to sell at GH¢16.26, diesel GH¢19.07 from Wednesday – COPEC

Petrol prices are expected to rise to an average of GH¢16.26 per litre, while diesel could sell at GH¢19.07 per litre from Wednesday, September 16, according to the Chamber of Petroleum Consumers (COPEC).COPEC projects a 4.24% increase in petrol prices from the current average of GH¢15.60 per litre. Diesel is expected to record a steeper...