According to the Bank of Ghana (BoG), Ghana’s Petroleum Holding Fund (PHF) encountered both challenges and opportunities in 2023, reflecting the broader economic trends that influenced crude oil prices and revenue inflows.
The country is expected to fork out approximately US$83.4million by March 31, 2024 as its initial subscription capital to the recently proposed Africa Energy Bank (AEB), which it is seeking to host.
The CEO of the Ghana National Petroleum Corporation (GNPC) has acknowledged the need for a balanced discourse on the challenges and opportunities inherent in the transition towards a net-zero economy, particularly in Ghana and other emerging oil countries.
The Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC), Opoku-Ahweneeh Danquah, has been adjudged the winner of the coveted Oil and Gas Industry Leadership Award for the year at the just-ended 4th edition of the Africa Public Sector Conference and Awards (APSCA 2023).
Every well has a life span and some of these wells, after 10 years, would probably have peaked and after peaking, the natural thing is decline.
In Ghana’s asymmetrical inland sedimentary basin covering about 40% of its continental landmass, lies the Ghana National Petroleum Corporation (GNPC)s exploratory mission to find Ghana’s newest hydrocarbons reserve which has so far indicatively proven to wield great potential to replenish the country’s petroleum resource fields with projections setting drilling activities in 2024.
The Parliamentary select committee on mines and energy has found no evidence of any losses from a deal between the Ghana National Petroleum Corporation (GNPC) and Genser Energy Ghana Limited (GEGL), concluding an investigation into unfounded claims of irregularities.
The Natural Resource Governance Institute (NRGI), in a study, has recommended that the Ghana National Petroleum Corporation (GNPC) undertakes a comprehensive risk assessment of its assets and put in place mitigation plans to respond to transition risks.
The Natural Resource Governance Institute (NRGI), in a study, has recommended that the Ghana National Petroleum Corporation (GNPC) undertakes a comprehensive risk assessment of its assets and put in place mitigation plans to respond to transition risks.
Accra, 22 May 2023 – Eni Ghana on behalf of its OCTP partners, Vitol Upstream Ghana Ltd (Vitol) and Ghana National Petroleum Corporation (GNPC), together with Ghana Enterprises Agency (GEA), have provided entrepreneurship and small business management training for over 900 beneficiaries.