In order to guarantee a more sustainable way of reducing losses and enhancing distribution utilities in the energy sector, there is a need for more funding to be directed at the supply-side of energy efficiency instead of the demand-side, energy consultancy firm Arthur Energy Advisors (AEA) has advised.
Of all of the optimistic futuristic dreams, a world of clean, renewable energy to combat climate change is perhaps the closest to realisation, thanks to the growing acceptance of and demand for renewable energy (RE).
Underneath a chaotic global energy market is a dislocation between oil prices on the futures and physical market that appears to have emerged.
In the process of energy transition, it has become imperative for government to review the underlying fiscal regime for critical (transition) minerals as the country is endowed with several mineral resources: including manganese, bauxite/aluminium, iron ore, silica, graphite and lithium.
The Minority Caucus of Parliament has alleged that up to US$100 million has gone missing from Ghana Petroleum revenue for the first quarter of 2022. According to the minority, the US$100 million can not be accounted for now after the Finance Minister, Ken Ofori-Atta transferred it to an offshore account without the approval of parliament.
Ranking Member of Parliament’s Mines and Energy Committee, Joh Jinapor, has ‘shot down’ government’s claims that the Russia-Ukraine
war is the cause of Ghana’s economic difficulties.
According to him, “the evidence as contained in the 2022 semiannual report on Petroleum receipts has revealed that Ghana is making huge windfalls from the sale of crude oil, royalties, tax payments and surface rentals from the three oil producing fields bequeathed to the current NPP government.”
he Energy Minister Dr Matthew Opoku Prempeh wants investors to turn their attention to Ghana’s oil and gas sector
The Chamber of Petroleum Consumers (COPEC) has kicked against the Energy Minister’s insistence on keeping the Bulk Oil Storage and Transportation Limited Company (BOST) margin as part of the petroleum price build-up.
In an attempt by the Ministry of Energy to continue to position
Ghana’s energy sector favourably in the minds of investors for
strategic partnerships and economic growth, Deputy Energy Minister,
Dr. Mohammed Amin Adam on Friday
Crude oil has returned to below $90 price as global recession fears continue to mount. Brent crude sold this morning, September 19, 2022 at $89.17, whilst WTI crude mostly used in the USA went for $84.20.