US Will Help Meet Ghana’s Power Needs
US Ambassador to Ghana, Robert Jackson, says the US government is prepared to help Ghana meet its power needs in the near future. Speaking at an event to cut sod for the construction of a 400...
Tag: energy sector
Akufo Addo Renews Plans To Reduce Cost of Power
President Nana Addo Dankwa Akufo-Addo, has re-emphasized his government’s resolve to protect consumers from high costs of power. He explains that though government is open to private participation...
Government To Issue $2bn Bond To Pay Energy Debts – Oppong Nkrumah
The Akufo-Addo government is set to issue a $2.24billion bond in the coming days to pay the huge debt burdening the country’s energy sector, Kojo Oppong Nkrumah, a deputy Information Minister has...
CAL Share Performance Could Rebound In the Short Term
CAL bank (CAL) recorded a 23.22% dip in pre-tax profits for the first quarter of 2017 (Q1-2017). Total Profits before tax fell from GHS 58,389,000 in Q1-2016 to GHS 44,831,000. The fall in pre-tax...
15 Year Energy Bond Timely For Banks’ Rising NPLs – CAL Bank MD
Banks are optimistic of significant improvement in their non-performing loan portfolios as government initiates moves to clear all outstanding debts owed them. The assurance comes on the back of...
Australia To Restrict Gas Exports As Energy Crisis Bites
Australia will enforce export restrictions on major gas producers, the prime minister said Thursday, to shore up domestic supply as a growing energy crisis sees power prices rise and blackouts more...
AMERI Didn’t Put Us In Fancy Hotel – Addison
Phillip Addison, Chairman of the 17-member committee put together by Energy Minister Boakye Agyarko to investigate the power purchase agreement signed between Ghana and AMERI Energy in 2015, has said...
Dubai Trip Was For Negotiations
Chairman of the 17-member Committee delegated by Energy Minister Boakye Agyarko to review the AMERI power deal has stated that the team went to Dubai to renegotiate the transaction and not probe it....
Government To Sell VRA’s Thermal Plants
Government has commenced the process to sell thermal plants belonging to the Volta River Authority (VRA) to Independent Power Producers (IPP). The move, according to the deputy Finance Minister Kwaku...
Ghana Still In Discussion Over Possible Program Extension
The International Monetary Fund (IMF) has indicated that it is still in discussion with Ghana over a possible extension of the Fund program. Finance Minister Ken Ofori Atta at a recent engagement...
Government To Issue 15-Year Local Bond To Help Clear Energy Sector Debts
The Vice President has disclosed that government will soon issue a 15-year bond to help it clear debts in the energy sector. The country is yet to clear a significant amount of debts in the energy...
Government Renegotiates ECG Concession Deal
Government has begun discussions with officials of the Millennium Challenge Corporation (MCC) to renegotiate the power compact agreement for a majority Ghanaian ownership for the concession of the...
Energy Ministry Pledges To Support Energy Media Group
Deputy Minister for Energy, Dr. Amin Anta Mohammed has pledged his ministry’s support to the Energy Media Group, a media Company based in Accra with the sole purpose of running and delivering...
Government To Issue 15 Year Bond To Clear $ 2.4bn Energy Debts
Government has announced plans to issue a 15 year bond to settle all outstanding debts in the energy sector. The move is also aimed at improving the financial strength of the State Owned Enterprises...
Govt To Issue 15 Yr Bond To Clear $ 2.4bn Energy Debts
Government has announced plans to issue a 15 year bond to settle all outstanding debts in the energy sector. The move is also aimed at improving the financial strength of the State Owned Enterprises...
We Don’t Foresee Tariff Reduction – ACEP
The African Centre for Energy Policy (ACEP) has rejected any possible reduction in tariffs due to the reduction in cost of producing power by Independent Power Producers (IPP) in Ghana. According to...
Nine African Countries To Participate At the Annual Africa Energy Forum In Copenhagen
African Ministries from Democratic Republic of Congo (DRC), Botswana, Burkina Faso, Ethiopia, Gabon, Madagascar, Morocco, Rwanda and Zimbabwe have confirmed to attend the Africa Energy Forum (AEF)...
Bank of Africa Pledges Support For Government’s Development Efforts
Members of the Board and Management of Bank of Africa Ghana have paid a courtesy call on President Nana Akufo-Addo at the Flagstaff House to pledge the bank’s support to the government in...
Government Urged To Operationalise Petroleum Act
The Africa Centre for Energy Policy (ACEP) is urging government implementing the provisions in the Petroleum (Exploration and Production) Act, 2016 Act 919, with emphasis on the award of oil...
Energy Experts Question Capping of Power Price Per Kilowatt Hour
Energy experts have questioned government’s decision to cap electricity price, in terms of power purchases negotiation, at 10 cents per kilowatt hour, stressing that it will not attract investors...