Energy

Vodafone makes two senior management appointments

Vodafone Ghana has announced two key Senior Management appointments as it continues to chart a leadership course in innovation and creativity across the Telecommunications landscape. Following its entry into the industry, Vodafone has been at the forefront of a transformational agenda, introducing dynamic products and services for customers and maintaining a key voice in thought-leadership. The appointments are to provide ...

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Equity market post mixed results

Equity market indices posted mixed performances, with the index for the financial sector weighed on by speculative actions, profit talking and heightened uncertainties ahead of the deadline for the new minimum capital requirements for banks. The benchmark index, on the other hand, surged on the back of the price advancement in the heavy capitalised telecommunication stock. At the closing bell ...

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Finance Minister charges GRA to recover GH¢4.4bn from tax defaulters

The Minister of Finance, Mr Ken Ofori-Atta, has asked the Ghana Revenue Authority (GRA) to go all out to enforce tax laws to help recover GH¢4.4 billion from 427 corporate tax defaulters and other entities. He disclosed that companies in the Customs Division of the GRA owed GH¢4 billion while others in the Domestic Tax Revenue Department (DTRD) also had ...

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Understanding Decommissioning & Rehabilitation

The activities of the extractive industry (mining, oil and gas) without a doubt have an impact on the environment after these activities have come to an end. Natural resources are finite in nature (we won’t have these resources forever) and as such there will come a time when all the oil and mineral reserves available for extraction are no longer ...

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Tullow Oil’s outlook lifted by higher output, oil prices

Tullow Oil

Tullow Oil raised its production targets on Wednesday thanks to higher output from its flagship West African fields as higher crude prices brightened the outlook for the debt-ridden explorer. The London-listed firm also slashed its 2017 spending target by a quarter to $300 million due to lower expenses in East Africa, and reduced its debt to $3.6 billion while increasing ...

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Govt fails to raise 6 billion cedis for energy bond

bond

Government failed to raise the 6 billion cedis for the energy bond it issued last week. Government was able to raise 3.4 billion cedis as at Friday, October 27, 2017. As a result, the managers of the bond have announced an extension of the auction for the 10 year bond by one more week. The 3.4 billion cedis so far ...

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470MW Karpowership connected to national grid

Karpowership

Karpowership Ghana Company Limited has connected its 470megawatts (MW) Karadeniz Powership Osman Khan to the national grid. The powership, which arrived in August this year, has completed all requisite commissioning works, operational tests and has begun supplying power to the national grid. This will significantly help ameliorate the power supply in the country. The operation of Karadeniz Powership Osman Khan ...

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Landmark LNG to add 1,000MW power to Ghana’s supply

Gazprom

Ghana has signed a new power deal with the world’s largest gas producer, Gazprom, to add up to 1,000 MW to Ghana’s power supply. The transaction, completed by Energy Minister, Boakye Agyarko, and the CEO of the Ghana National Petroleum Corporation (GNPC), Dr. Kofi Koduah Sarpong, has saved Ghana over $1 billion, according to the Energy Ministry. The new Liquefied ...

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First digital service for ECG prepaid power launched

Cellulant

Cellulant, a multinational payments company has launched “Mula”, a payments platform that has revolutionized payments in Ghana by providing the first digital payments service for ECG prepaid. Before the launch of Mula, ECG customers needed to visit an agent nearby their home to buy power credit. This experience proved difficult and inconveniencing customers when power credit would run out sometimes ...

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470MW Karadeniz Powership Osman Khan arrives in Ghana

Karpowership

Karpowership Ghana Company Limited has announced the arrival of the world’s largest Powership, the 470MW Karadeniz Powership Osman Khan to Ghana. A statement from the Company said the Powership will start operating in the Tema Fishing Harbour in September. The arrival of Karadeniz Powership Osman Khan is in line with the Power Purchase Agreement signed with the Electricity Company of ...

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