The government has announced plans to review tax exemptions for mining and oil and gas companies in Ghana after the Minister for Finance presented the 2023 Budget and Economic Statement in Parliament on Thursday (24 November).
The Institute of Economic Affairs is forecasting an increase in the Policy Rate (PR) by 200 basis points to 26.5% when the Governor of the Bank of Ghana announced developments in the Ghanaian economy on Monday November 28, 2022.
As part of its exploration efforts, Ghana National Petroleum Corporation (GNPC) has acquired and processed over 3,800-Iine km of 2D seismic data from Phase 1 to 3 of the Voltaian Basin Project, the Chief Executive Officer (CEO) of GNPC, Opoku-Ahweneeh Danquah, has revealed
As Europe races ahead with its hydrogen plans, many other parts of the world are looking to develop their own hydrogen markets. But IRENA warns that the expansion of the hydrogen market must be carried out strategically to ensure it supports the transition away from fossil fuels to renewable alternatives.
Crude oil prices fell today, even after the U.S. Energy Information Administration reported inventories of oil had shed 3.7 million barrels over the week to November 18.
Oil prices fell overnight as the debacle of the Russian Oil Price Cap scheme continues in Europe.
The chief executive officer of the Ghana National Petroleum Corporation (GNPC), Opoku Ahweneeh Danquah has said the national oil company will continue to fully implement local content in its exploration and production (E&P) operations.
ABUJA — Nigerian President Muhammadu Buhari opened the first oil drilling site in the country’s north Tuesday, saying it will bring energy security and economic development.
Dr Matthew Opoku Prempeh, the Minister for Energy says the desire for countries to transition into other alternative sources of energy usage was particularly good for Africa and its women and children.
Renewables are exploding. Countries around the world are adding clean energy production capacity at a breakneck pace in a race against the clock to shore up energy security and beat climate change. While environmentalists and economists alike have been warning for decades that the future of the energy industry – and, indeed, the global economy – lies in renewable energies and not fossil fuels, industry and policy leaders have been slow to adapt. Until now.