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.
TotalEnergies Marketing PLC says the regulatory framework guiding the implementation of the local content policy in the market focuses on shareholding rather than value creation in the supply and distribution chain.
The Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Joseph Abuabu Dadzie, has downplayed the significance of a recent report by the Public Interest and Accountability Committee (PIAC) that revealed a decline in Ghana’s crude oil production.
Tullow has formalised a strategic partnership with the Ghana Forestry Commission to implement a high-integrity, jurisdictional-based Reduced Emissions from Deforestation and Degradation (REDD+) programme.
The Ministry of Lands and Natural Resources and the Forestry Commission have signed a historic Emissions Reductions Purchase Agreement (ERPA) with Tullow, marking a significant milestone in Ghana’s efforts to address deforestation and forest degradation.