Receipts from crude oil liftings (CAPI and Royalties) in Ghana amounted to $690,282,530.89 in 2023 as
compared with U$1,036,800,383.96 in 2022, representing a decrease of 33.4%, the PIAC has reported.
Crude oil production in Ghana declined for the fourth consecutive year in 2023, the Public Interest and Accountability Committee (PIAC) said recently.
Newcore Gold Ltd. [TSXV-NCAU; OTCQX-NCAUF] has started a 10,000-metre drill program at the 100%-owned Enchi gold project in Ghana, West Africa. The drill program will focus on infill and resource expansion drilling.
The Chamber of Bulk Oil Distributors (CBOD) has endorsed the Ministry of Energy’s new standard for measurements in the oil and gas sector, aimed at enhancing revenue assurance.
In a significant development towards transforming Ghana into a leading petroleum and petrochemical
hub in Africa, the Petroleum Hub Development Corporation (PHDC) has officially signed a US$12
billion agreement with TCP-UIC Consortium
Ghana committed to reducing greenhouse gas emissions by 64million tonnes of CO2 by 2030 – Akufo Addo
President Akufo Addo has said Ghana is committed to reducing greenhouse gas emissions by some
sixty-four million tonnes of carbon dioxide equivalent (64MtCO2e) by 2030.
The challenges posed by Ghana’s heavy dependence on oil importation are well-documented, with the
country currently importing 97% of its petroleum products.
Emerita Professor Elizabeth Schandorf, the Chairperson of Public Interest and Accountability Committee (PIAC) has indicated that their findings in the 2023 annual report on the management and use of Petroleum Revenue reported a decline for the fourth consecutive year.
The Public Interest and Accountability Committee (PIAC) has expressed worry about the decline in oil
production by Ghana and has called on the government and other relevant regulatory bodies to take
steps to reverse the production decline on existing oil fields and ensure investments in unexpected
fields
Lithium exploration is set to kick off in the West African country of Ghana. The license for the exploration has been granted to the Australia-based lithium-focused exploration and development company, Atlantic Lithium Limited.