Business
We’re committed to reducing operational costs of LPG marketers – NPA
The National Petroleum Authority (NPA) has reaffirmed its commitment to easing operational expenses for liquefied petroleum gas (LPG) traders. This commitment comes in response to concerns voiced by the LPG Marketers Association regarding the imposition of an $80 per metric ton (MT) fee on suppliers’ premiums, specifically aimed at bolstering bottling plant and cylinder investment […]
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Business
ZEN Petroleum fuels brighter futures with GH¢2m education investment
… partners Future Leaders School alongside Akwaaba Volunteers In a powerful display of corporate social responsibility, ZEN Petroleum Limited has announced a landmark GH¢ 2 million commitment to bolster the educational environment at Future Leaders School (FLS) in La Kpeshie, Accra. This transformative partnership with Akwaaba Volunteers aims to empower underprivileged children through quality education […]
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Business
Subsidising petroleum products only way to reduce price hikes – NPA
The National Petroleum Authority (NPA) has stated that the only way to mitigate the consistent rise in the prices of petroleum products is to introduce subsidies. Abass Tasunti, Head of Economic Regulation at the National Petroleum Authority (NPA), said on The Big Issue on Citi FM and Citi TV on Saturday, April 20, that it is […]
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Business
Subsidies are key to mitigating petroleum price escalation – NPA
The National Petroleum Authority (NPA) has stated that the only way to mitigate the consistent rise in the prices of petroleum products is to introduce subsidies. Abass Tasunti, Head of Economic Regulation at the National Petroleum Authority (NPA), said on The Big Issue on Citi FM and Citi TV on Saturday, April 20, that it is […]
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Business
Fuel price hikes: Strengthening Cedi must be top priority – COPEC
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC) has urged the government to focus on strengthening the Cedi to ensure a reduction in the prices of petroleum products. Prices of petroleum products have been on a free fall in the past weeks and further worsened with the reversal of the suspension of the […]
The post Fuel price hikes: Strengthening
Headlines
Giving priority to local suppliers; a Tullow story
It might sound cliche but not at Tullow Ghana. The phrase, ‘local content’ has come to mean the very heart of how it conducts its business. As main operator of Ghana’s two main oil fields – Jubilee and TEN – Tullow has a responsibility to harness the oil and gas resources available to the country […]
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Featured
Fuel prices cross 14 Cedis per litre, the highest in 14 months
Petroleum consumers in Ghana are expected to pay more for fuel following the decision by the National Petroleum Authority (NPA) to suspend the Price Stabilization and Recovery Levy on petroleum products. In a directive dated April 3, 2024, and distributed to various stakeholders within the oil marketing and distribution sector, the NPA instructed the application […]
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Featured
Fuel prices likely to be maintained in April first pricing window – COPEC
Prices of fuel at the pumps across the country are projected to be maintained in the first pricing window in April 2024. Projections for April’s first pricing window made by the Chamber of Petroleum Consumers (COPEC) is pegging a litre of petrol at GH¢13.41, “baring any universal changes in Petroleum prices of $874.09/MT for petrol […]
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Featured
50-year-old man killed in gas explosion incident at Suame Magazine
A 50-year-old carbide welder was killed late Monday when a gas cylinder exploded and ripped his body apart at the Suame Magazine in the Ashanti Region. The deceased, identified as Kwabena Afriyie, a native of Offinso, according to information gathered, was working on a car when the liquid oxygen cylinder exploded, leading to his death. […]
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Business
Increased TOR board members adding to financial burden – COPEC chastises Akufo-Addo
The Chamber of Petroleum Consumers (COPEC) has expressed concerns about the recent increase in the number of the reconstituted Tema Oil Refinery Board. President Akufo-Addo, in a letter dated March 18 and under the hand of Nana Bediatuo Asante, Secretary to the president, announced the reconstitution of the board of the Tema Oil Refinery (TOR) […]
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Business
Ghana’s Oil & Gas Transforming With Vision, Action
Opoku-Ahweneeh Danquah In a bold departure from traditional norms, Opoku-Ahweneeh Danquah, the Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC), is redefining leadership within the public
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Featured
Bad weather caused emergency landing at Bonsukrom – Ghana Gas
The Ghana National Gas Company (GNGC) has attributed the emergency landing by the Ghana Air Force helicopter on Tuesday, March 19, at Bonsukrom near Agona Nkwanta in the Western Region to the perilous atmospheric conditions. Ghana Gas assured the public that the incident would not affect its operations at Atuabo. On Tuesday, March 19, 2024, […]
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Opinion
How govt saves $3m monthly through indigenization of the gas industry [Article]
In view of the discovery of petroleum and associated gas in commercial quantities in the Jubilee field in 2007, a National Gas Development Task Force (NGDTF) was constituted by the Government in February 2011 to propose the commercialization of the gas. In April 2011, the recommendation of the task force was approved for the implementation […]
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Headlines
Effect of fluctuating crude oil prices on human development
By Abdallah ABDUL-MUMUNI (Dr) Ghana’s economic landscape has changed dramatically since the early 2010s, when oil reserves were discovered off its coast. However, the journey towards harnessing this newfound economic resource has been confronted with challenges, key among them being the volatile nature of international crude oil prices. In this article, we delve into the […]
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Business
Gold-for-oil has significantly reduced pressures on forex – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has indicated that the government’s gold-for-oil policy has significantly reduced pressure on forex. He said the policy has achieved the needed results and has led to a reduction in the prices of fuel at the pump. In his penultimate State of the Nation Address on Tuesday, February 27, the president […]
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Headlines
ARDA, OPEC and co to deliver robust intra-African oil and gas industry – Dr. Abdul-Hamid
The President of the African Refiners and Distributors Association (ARDA) and Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has reiterated ARDA’s commitment to work with the Organization of the Petroleum Exporting Countries (OPEC), the African Petroleum Producers’ Organization (APPO) and the African Union Commission (AUC) to deliver a sustainable intra-African oil […]
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![How govt saves $3m monthly through indigenization of the gas industry [Article]](https://citinewsroom.com/wp-content/uploads/2024/03/WhatsApp-Image-2024-02-29-at-5.06.29-PM.jpeg)
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