With just about seven months to go for the general election this December and with possibly a new government to be sworn-in soon after that, dubious contracts worth millions of dollars are being awarded by the Akufo-Addo/ Bawumia government to their relatives and cronies. One of such dubious contracts is the award of the Ghana Gas Company Phase 2 project to a son of the Nana Asante Bediatuo.
Diversified energy company Genser Energy commissioned a 110km natural gas pipeline to propel Ghana’s power sector and foster economic growth.
Ghana’s oil production is expected to rebound in 2024, with an anticipated increase of 5.0% to 177,120 barrels per day (b/d).
Changes to Ghana’s oil and gas royalty and licensing scheme are expected to be implemented this year to rejuvenate international investment into Ghana’s energy sector, UK-based Fitch Solutions has disclosed.
Tullow has affirmed its commitment to Ghana’s socio-economic growth through its operations in the country.
The Public Interest and Accountability Committee (PIAC) has expressed worry about the inability of the Ghana National Petroleum Corporation (GNPC) to meet cash calls from Joint Venture partners, causing its partners to lift the corporation’s share of crude oil to defray these costs.
e-Magic Guyana, known for its expertise in industrial IoT and digital twins solutions, and West Coast Gas Ghana Limited (WCGG), an innovator in hydrocarbon accounting and oil and gas data management have teamed up to launch AnaWorX Inc. This joint venture aims to revolutionize how the oil and gas industry monitors and manages production in real-time, combining the strengths of both companies to benefit stakeholders in Guyana and ultimately, around the world.
The commissioning of the Kumasi 1 Thermal Power Project on Wednesday, April 17 by President Akufo-Addo, is set to address voltage and power quality issues in Kumasi and the northern parts of Ghana by boosting system voltages and thus improving overall system stability, the Volta River Authority (VRA) has said.
Ghana National Petroleum Corporation (GNPC) could soon become unproductive as it cannot finance its operations due to the government’s failure to settle the unsustainable debts owed to the parastatal organisation.
Since 2020, there have been military coups in Burkina Faso, Mali, and Niger.
Potential spillover of conflicts to the coastal West African countries could endanger some oil projects and deter foreign investment.
The EU and US have promised support to Western African governments to counter the spillover of insecurity from the Sahel.