The CEO of the Ghana National Petroleum Corporation (GNPC), Opoku Ahweneeh Danquah has said the global risk of tightening
nancial markets coupled with the clear and present danger of capital ight out of African fossil fuel projects is a clear indication to
increase the involvement of the African FInancial sector in securing long term capital for oil and gas projects.
Freddie Blay, the board chairman of the Ghana National Petroleum Corporation (GNPC) has called for the positioning of Africa as a prime
energy market as well as making the continent’s energy potential the basis for Africa’s industrialization.
Blay said these ideals are necessary to overcome several challenges confronting the energy industry.
MORE THAN 1300 students participated in Tullow Ghana’s
Mobile STEM Clinics this year in preparation for their annual
Basic Education Certificate Examination (BECE).
The shift from fossil fuels to clean renewable energy as the corner stone to the global energy transition has been at the tip of governments’ policy discussions across Africa and the world, with developed countries investing massively in renewable energy as part of efforts by their respective government’s energy security and climate action goals (ESI Africa, 2021).
General Electric (GE) plans to make major job cuts in its U.S. wind operations and will consider its other markets too as windfarms are proving to be a major expense in the wake of Covid and the Russian invasion of Ukraine. Continued supply chain disruption and the high cost of wind turbines are deterring companies from investing in wind energy, as they look for cheaper alternatives.
The Bulk Oil Storage and Transportation Company Limited (BOST) is
positioning itself to take advantage of a GH¢970million oil re-export
market in landlocked nations within the sub-region.
Ghanaians would be expected to pay more for fuel products come
October ending.
Ghana has no spot on the list of Africa’s top 10 most expensive gas prices for October 2022, the latest GlobalPetrolprices.com survey has indicated.
Stocks and bonds are out, and oil is in. That has become the new playbook for many hedge funds this year as they try to navigate rising interest rates, persistent inflation, and a tech-heavy equity market that remains deeply out of favor.
Energy is at the heart of the challenges of achieving both the 2030 Agenda for Sustainable Development and the Paris Agreement on climate change.