Cost of fuel could hit GHS5.50 by end of year—Former GNPC Boss
The continuous depreciation of the local currency coupled with increasing crude oil prices on the international market could see fuel prices increase to 5 Cedis 50 pesewes per litre at the pumps by the end of the year, a former Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Alex Mould has warned. The […]
Ghana loses $200 million over tax evasion in petroleum downstream
The Chief Executive Officer of the National Petroleum Authority, Mr Alhassan Tampuli, said the country loses over 200 million dollars annually in tax revenues due to the nefarious activities of service providers of the petroleum sector in order to evade tax. He said the Authority had rolled out stringent measures to tackle the problem head-on, […]
New natural gas production this month to propel Ghana’s power production prospects – Official
Ghana’s quest for energy security will receive a further shot in the arm this month when gas production from the ENI-Sankofa field Off Cape Three Points (OCTP) comes on stream, Ben Asante, Chief Executive Officer (CEO) Ghana National Gas Company Limited (GNGCL) stated here on Wednesday. In an interview during the ongoing three-day Ghana International […]
Oil prices are unlikely to increase as ‘sharply’ from now on – IEA
The International Energy Agency (IEA) believes a recent spike in the oil price could soon start to ease, helping to alleviate concerns that surging prices could hurt demand and global economic growth. “Prices are unlikely to increase as sharply as they did from mid-2017 onwards and thus the dampening effect on demand will be reduced,” […]
