He highlighted the financial challenges during his vetting by Parliament’s Appointments Committee on Monday, January 13, 2025.
The President noted that Mr. Krapa, who has served as Minister of State at the Ministry of Energy since July 15, 2024, is credited with demonstrating exceptional diligence, professionalism, and a steadfast commitment to his responsibilities.
Brent crude was trading down well over 3% on Monday, marking the first time the global benchmark has been below $80 since February, with the U.S. crude benchmark down over 3.5% following the OPEC+ agreement to start phasing out voluntary cuts in October.
Energy Minister, Dr. Matthew Opoku Prempeh has reiterated Ghana’s quest for more gas supply to support power generation.
This, he says, remains his top most priority as part of efforts of ensuring power stability for industrial and residential use for Ghanaians.
Dr. Prempeh emphasized the need for more gas supply and hence the need for the operational efficacy of the West Africa Gas Pipeline (WAGP).
The eagerly anticipated African Energy Bank will launch by June 30 after selecting a host nation this month and hopes to raise an initial $5 billion from African signatories, international financiers and Middle Eastern states, its head told S&P Global Commodity Insights.
Minister of Energy Dr. Matthew Opoku Prempeh has led a delegation of energy sector officials in the upstream petroleum sector to Trinidad and Tobago to gain insights into best practices, explore advanced technologies and identify potential partnerships.
A push to replenish depleted oil stocks notably in China, the United States and Europe could buoy demand and prices in coming months, analysts and traders said, as tensions in the Middle East threaten key shipping lanes.
South Africa is preparing to appoint a new chief executive officer of state oil and gas company PetroSA, ending a more than yearlong leadership vacuum, Energy Minister Gwede Mantashe said.
The Minister of Energy, Dr Matthew Prempeh, has called on American investors to take advantage of the country’s immense energy, mineral resources and invest here.
Mr Herbert Krapa, a Deputy Minister of Energy, says the need for Ghana to switch to Electric Vehicles (EVs) in the next few years is not a lifestyle choice but a necessity for survival.