Puma Energy launches ‘Be Puma Safe’ campaign
Puma Energy, a global integrated mid and downstream energy company with a local focus, has launched global road safety campaign dubbed: #BePumaSafe. This campaign is to sensitize its staff, stakeholders, and esteemed customers across the country about road and site safety is on the theme: “Be Safe, Stay Alert, Don’t Speed, Buckle Up, Drive Smart, Don’t Smoke, Stay […]
Ghana: GNFS Begins Investigations Into Goodness Energy Tanker Yard Fire Incident
Ghana’s National Fire Service in Tema Region have begun investigations into the circumstances that caused the fire outbreak at the Goodness Energy tanker yard in Kpone on Wednesday, October 2, 2019, resulting in the burning of 12 tankers. Deputy Regional Commander, Mr Timothy Osafo Affum told energynewsafrica.com they have been in talks with the owner […]
No chance for policy rate cut – EIU predicts
The Economist Intelligent Unit (EIU) says there will be hardly any room for the Bank of Ghana (BoG) to cut its policy rate, as inflation is further expected to inch up in the coming months. According to its Country Report for September 2019, due to factors such as depreciation of the cedi, slow pace of […]
BOST MD Mensah Okley quits
Managing Director for Bulk Oil Storage and Transport (BOST) Company Limited has resigned. George Mensah Okley is said to have tendered in his resignation to the President on Friday, August 23, Myjoyonline.com can confirm Reasons for his resignation are unknown, however, Graphiconline reports that it may be linked to the issue of contracts at BOST. […]
Springfield Group makes history; set to drill in deep water
Springfield Exploration and Production Limited (SEP), a subsidiary of Springfield Group, is on course to make history by becoming the first independent African Energy company to drill in deep water. Springfield, which operates the West Cape Three Points Block 2 (WCTP Block 2), has signed a contract with Stena Unicon Offshore Services Ghana Ltd. (Stena […]
Exploit digitisation to rope-in the unbanked – Banking stakeholders urged
Dr. Maxwell Opoku-Afari, First Deputy Governor of the Bank of Ghana, has urged stakeholders in the financial and banking industry to exploit digitisation to meet the needs of the unbanked and broaden services to all segments of society. He said digitisation is key to the future of banking and finance, and players must be ready […]
Cylinder Recirculation Model to ensure 50% access to LPG by 2030
Implementation of the Cylinder Recirculation Model (CRM) by National Petroleum Commission (NPA) will ensure that at least 50 percent of Ghanaians have access to safe, clean and environmentally-friendly Liquefied Petroleum Gas (LPG) by 2030. Chief Executive Office of the NPA, Hassan Tampuli, announced this at a stakeholder engagement on cylinder recirculation policy at Tamale in […]
Gov’t ponders new ESLA bonds
Government is pondering the idea of either issuing new bonds to cater for the rising energy sector debts on the back of changes to the Energy Sector Levies and Accounts or to shelve plans for the bonds until Energy Sector Levies and Accounts (ESLA) inflows improve significantly. A decision is expected to be taken before […]
Campaign on demurrage yields results
IN 2018, shippers paid less than what they did in 2017 to shipping lines for undue grounding and detention of containers after the mandatory free periods, the Chief Executive Officer (CEO) of the Ghana Shippers Authority (GSA), Ms Benonita Bismarck, has disclosed. This, she explained, meant that demurrage declined by 22.4 per cent to US$59 […]
Fuel under-delivery: More OMCs to compensate consumers
More Oil Marketing Companies (OMCs) which had retail outlets which were cited as shortchanging consumers are to replenish the quantities to their respective customers within the coming days. That is the assurance from the Chamber of Petroleum Consumers, COPEC. The move follows series of negotiations and the need to give value for money despite complying […]
