Co-chair of the Ghana Extractive Industry Transparency Initiative (GHEITI), Dr Steve Manteaw has stated that Ghana’s oil industry may be affected badly if successive governments fail to attract more investors.
The Public Interest and Accountability Committee (PIAC) has engaged representatives from its 13- Constituent Bodies to discuss how to strengthen efforts to deepen public accountability in the management and use of the country’s petroleum revenues at its Annual General Assembly (AGA) in Accra.
President Joko Widodo expressed his desire to build an oil refinery in Ghana. This was revealed by Jokowi during a bilateral meeting with Ghanaian President Nana Addo Dankwa Akufo-Addo in Casablanca Room, Mulia Hotel Nusa Dua Bali, on Monday, September 2, 2024.
Ghana’s recent groundbreaking ceremony for the construction of a $12 billion petroleum hub in Jomoro marks a pivotal moment in the country’s economic trajectory.
Ghanaian President Nana Akufo-Addo has officially launched the construction of a 300,000 barrel-per-day oil refinery. However, critics have raised concerns about potential flaws in the project.
Expected to launch 17 oil and gas projects during the period 2023-2027, Ghana is bolstering its oil and gas industry through new deepwater drilling campaigns and a $60-billion petroleum hub project. Recently-appointed Ghana National Petroleum Corporation (GNPC) CEO Joseph A. Dadzie will speak on the country’s efforts to drive production increases, grow domestic refining capacity and build a diversified national energy economy at African Energy Week: Invest in African Energy 2024 in Cape Town this November.
The President, Akufo-Addo has cut the sod for work to begin on the first phase of the multi-billion-dollar Petroleum Hub Development Project at Nawole in the Jomoro District of the Western Region. The project comprises refineries, petrochemical plants and port infrastructure.
Expected to launch 17 oil and gas projects during the period 2023-2027, Ghana is bolstering its oil and gas industry through new deepwater drilling campaigns and a $60-billion petroleum hub project. Recently-appointed Ghana National Petroleum Corporation (GNPC) CEO Joseph A. Dadzie will speak on the country’s efforts to drive production increases, grow domestic refining capacity and build a diversified national energy economy at African Energy Week: Invest in African Energy 2024 in Cape Town this November.
Petroleum firm, Quantum, Sage and Arch Holdings Limited, has vehemently denied claims that it is a foreign-owned entity.
Ghana’s petroleum sector once hailed as a great pillar of economic promise following significant discoveries like the Jubilee field in 2007, is now at a crossroads. Despite its potential, the sector has witnessed a worrying exodus of international oil companies (IOCs) and a stark reduction in exploration and production activities.