Return of ‘Dumsor’ imminent if liquidity challenges persist – Parliamentary report
Liquidity challenges may spur the return of ‘Dumsor’, a term coined out of the erratic power supply Ghana experienced between 2014 and 2016, a report of the Finance Committee of the country’s Parliament has warned. The report has however recommended for immediate measures to be put in place to “avert any potential power crisis”. Key […]
ESLA bond issuance hits GH₵6.665bn
The total issuance under the GH₵10 Billion Energy Support Levy Act (ESLA) PLC Bond Programme has hit GH₵6.665 billion. This follows the successful issuance of another bond last week in which GHc1.0 billion was accepted. The bonds which were oversubscribed to the tune of GH₵1.147 billion is expected to mature on June 15, 2029. The […]
BOST to engage stakeholders on zonalisation policy
The Bulk Oil Storage and Transportation Company Limited (BOST) is to engage with other stakeholders along the value chain to ensure the smooth implementation of the ‘one-system rule’ in the petroleum downstream sector. Although the ‘one-system rule’ has been adopted in principle, its implementation has largely been constrained by software challenges. The Managing Director of […]
Fuel tanker runs over policeman at Tema
General Lance Corporal Frank Anokye of the Ghana Police Service has met his untimely death after being run over by a fuel tanker at Tema Community 16 Junction, MyNewsGh.com has confirmed. According to the Sakumo Police who confirmed the unfortunate incident to MyNewsGh.com, the tanker driven by 60-year-old George Kessor with registration number AS 3840-C […]
Ministry of Energy develops Safety Manual for energy sector
The Ministry of Energy has launched a Health, Safety,Security and Environment (HSSE) manual for the country’s energy sector. The manual is to provide the standard requirements for ensuring a positive safety culture in the energy sector. The aim of the manual is to ensure that organisations in the sector follow the minimum requirements to direct […]
BOST sets tone for industrial harmony; signs collective bargaining agreement with senior staff
After 12 years of inconclusive discussions on a collective bargaining agreement (CBA), the management and senior staff of the Bulk Oil Storage and Transportation Company Limited (BOST) has finally reached a truce. Conseqeuently, the two parties have signed the agreement with a commitment to complete and sign same for junior staff in a week. The […]
Electricity Tariffs Up By 11.7%
“In taking the decisions, the commission received and considered tariff proposals from stakeholders including the following utility services providers in the electricity and water sectors; Volta River Authority (VRA), Ghana Grid Company Limited (GRIDCo), Electricity Company of Ghana (ECG), Power Distribution Services (PDS) Ghana Limited, Northern Distribution Company (NEDCo) and Enclave Power Company Limited (EPC).” […]
GNGC launches the Gas Challenge
The Ghana National Gas Company (GNGC) has organized the maiden edition of the ‘ Gas Challenge’ at the British Council in Accra. Industry dignitaries such as Dr Mohammed Amin Adam, Deputy Minister of Energy(Petroleum Sector), Dr Ben Asante, CEO of GNGC graced the event. The GNGC having been in commercial operations since April 2015 has […]
Gov’t Meets LPG Producers For Lower Gas Prices
Government delegation is meeting with local producers of liquefied petroleum gas (LPG) for a possible reduction in the price of the commodity. This follows recent concerns raised by some businesses about the high cost of LPG which makes them uncompetitive. Mohammed Amin Adam, Deputy Energy Minister, who officially opened the Ghana Mining and Energy Summit […]
IES predicts 3% decrease in fuel prices for second pricing window in June
The Institute of Energy Security (IES) is predicting that prices of fuel at the various pumps are expected to reduce by between 3 and 5 percent within the second pricing window in June starting from Monday, June 17. This the Institute is attributing to developments on the international market. Per the international market figures, average […]
