Ghana: Work To Keep The Lights On –Energy Minister Charges NEDCo Board

Ghana’s Minister for Energy, Dr Matthew Opoku Prempeh, has charged the newly constituted Board of Directors of the Northern Electricity Distribution Company (NEDCo) to collaborate with management of the company and work hard to ensure stable supply of electricity to the northern part of the country. According to him, Ghanaians are keen on having their lights on and, therefore, urged them to work towards this course. Power supply in the northern part of the West African nation has been witnessing interruptions because of the long distance it takes in transmitting power from the South. Most of the power plants that supply electricity in the country are concentrated in the East and West, thereby, making it difficult to wheel power all the way to the North. In a speech read by William Owuraku Aidoo, Deputy Minister for Energy in charge of Finance and Infrastructure, on behalf of Dr. Matthew Opoku Prempeh, during the swearing in ceremony of the new board, the sector Minister charged the board to be honest, diligent and uphold integrity. “As a key player in the electricity value chain, I urge you to work harmoniously with management to ensure the service delivery capacity of the country,’’ he told the new board. NEDCo is a subsidiary of the country’s largest power generation company, Volta River Authority (VRA). The newly constituted board is chaired by Ing. Emmanuel Antwi Darkwa, Chief Executive Officer of VRA. Other members of the board are Ms. Laila Abubakar, Mr. Musa Sadimsugru, Chief Mahama Abdulai and Ing. Samuel Boakye- Appiah, former Managing Director of ECG. Speaking on behalf of the board, Ing. Emmanuel Antwi Darkwa expressed their gratitude to President Akufo-Addo for the appointment. He said the board is already aware of the challenges of NEDCo, saying, “It is our responsibility to deal with them to keep the lights on.” He assured the Minister that the board, in collaboration with management, would do everything possible to ensure efficient delivery of services to the company’s customers. Source: https://energynewsafrica.com

Fuel Explosion Claims Teenager’s Life, Injures 4 Others

An explosion at a petrol station has claimed the life of a teenager in Jalabang in The Gambia, leaving four others sustaining varying degree of injuries. The explosion follows a spark at a nearby petrol selling point. According to a statement issued by The Gambian National Disaster Management Agency (NDMA), the explosion also resulted in the destruction of properties. “It is with great sadness that the NDMA learned through our regional office in West Coast Region (WCR) that there was a fire outbreak this afternoon. The unfortunate event occurred at 14:45 on Tuesday, August 2, 2021.” The agency further clarified that the fire was prompted by a spark which caught petrol being sold nearby.
Ghana: Two Fuel Tankers Burnt In Fire Explosion At Kpone
“After the spark, the inferno that ensued became uncontrollable. The blaze resulted in damage to property, injuries and even a fatality. Thus far, four vehicles were scorched; four individuals sustained injuries and a teenager named Kawsu Kassama lost his life. “The management of the agency conveyed their deepest condolences to the Kassama family.” Source: https://energynewsafrica.com

Zambia: Major Outage Leaves Much Of Zambia Without Power

Zambia on Sunday suffered an abrupt near nationwide blackout which lasted not less than an hour. According to aa.com.tr, the national power utility company Zesco Limited said the power outage resulted from system failure. “Zesco Limited wishes to inform its customers and the general public that it has experienced a system failure that may have led to the loss of electricity supply to some parts of the country. The corporation is working tirelessly to ensure that all systems are restored as quickly as possible,” John Kunda, a spokesman for the company, told reporters in the capital Lusaka. He said the company regretted the inconvenience caused and all supply lines were to be treated so that power could be restored soon.
Nigeria Borrowed N1.3 Trillion To Fund Electricity Sector In Four Years
Among the regions that reported the blackout was the Copperbelt, which is home to the majority of the country’s copper mines, economic lifeblood for Zambia. Further at risk was the well-being of COVID-19 patients on oxygen support in health facilities, including the University Teaching Hospital, which is the country’s biggest referral health facility. Zambia has an installed electricity generation capacity of 2,800 megawatts (MW), of which 85% is hydro-based. Last month, President Edgar Lungu inaugurated a 750MW Kafue Gorge Lower Hydro Power Plant that cost $2.3billion, which was said to have completely ended the southern African nation’s load shedding problems.

Ghanaians Worried About Gov’t’s Silence On ENI, Springfield E&P Impasse -IES Survey

The Government of Ghana’s deafening silence on the impasse between Italian oil and gas firm, Eni, and indigenous Ghanaian upstream player, Springfield E&P, has been described as worrying and sends bad signal to the investing community, a survey conducted by the Institute for Energy Security (IES) has revealed. Out of the total number of respondents who participated in the survey, 77 percent of them said the government’s silence on the issue was worrying while the 23 percent thought otherwise. “For the huge number of persons who are concerned, they explained that because the Government issued the directive, and is responsible for managing the resources of the country, it cannot be silent on the subject matter,” a portion of the survey report read. The report said the Government, as an interested party, should pressurise the two parties to expedite action on the unitisation directive or else it may appear as week in stamping its authority on what the law says. Ghana, they say loses as the impasse persists and thus must concern the Government in getting the parties talking while it plays its role as the referee and the final authority. “The respondents contend that as an independent body, though with interest, it must be seen to be enforcing the petroleum laws and regulations, while it has two at the table,” it noted. The report said those who do not find the Government’s silence as worrying explained that they have to monitor proceedings first before passing comments on the matter. When the respondents were asked as to which institution is most appropriate to resolve the current impasse, majority of them voted in favour of the Government of Ghana. “Of the four, the Government was found by the respondents as the most appropriate party to resolve impasse, followed by ENI-Springfield combination.” It went on to say that the public sees the Government as the body most capable of intervening and helping the parties to bring the unitisation impasse. “The next is that the public have much confidence in the two (Eni and Springfield E&P) parties coming together to the table to deal with whatever misunderstanding that may exist, rather than resolving to individual approaches,” stated the research. The result, according IES, shows clearly that when the Government and the parties engage in a more transparent manner, some result of mutual benefit can be obtained. IES’Recommendation on the issue

Ghana: Group Demands Parliamentary Probing Into GNPC, Aker Energy Transaction

A group of civil society organisations working in the extractive sector and anti-corruption institutions in the Republic of Ghana is calling on the West African nation’s legislative body to probe into planned acquisition of stakes in Aker Energy and AGM Petroleum Ghana oil blocks offshore Ghana by GNPC. The country’s national oil company, GNPC in a memorandum presented in Parliament, is seeking approval of $1.65 billion to enable GNPC to acquire 70 percent stake in South Deep Water Tano block operated by AGM Petroleum Ghana Limited and 37 percent stake in DWT/CTP operated by Aker Energy Ghana Limited. The GNPC, in a document presented to Cabinet and sighted by energynewsafrica.com, argued that the decision would be beneficial to the country in the face of energy transition which is curtailing investments in new exploratory activities by International Oil Companies. However, the group, made up of some 15 civil society groups, are questioning the transaction. The group, which accused GNPC of failing to examine the issues in the transaction properly, said, “The Memo to Parliament is a significant eye opener for well meaning Ghanaians to closely monitor the relationship between Aker and the State.” The group said, “After analysing the proposals by GNPC and Government, we are clear in our minds that the transactions, if approved, will short-change Ghana. Therefore, we request Parliament to intervene, given that the deal has gone through all the relevant branches of the Executive, ostensibly glossing over important threats of the transaction to the country’s fiscal situation.” Click on the link below for GNPC’s document on the proposed transaction GNPC EMT_Cabinet Presentation v31 Among other questions, the CSOs asked if the agreement between the two institutions was value for money. “Aker claims it has invested about US$800 million so far on the blocks in a document submitted to Parliament. While GNPC claims it has verified the expenditures, it still appears inflated if juxtaposed against the amount of work done by Aker and the value of its acquisition three years ago. Aker Acquired Hess’s interest in the DWT/CTP for US$100m in 2018. Before selling its interest to Aker, Hess had appraised the field with estimated recoverable oil of 450 million barrels. In total, Hess drilled 12 wells (seven exploratory wells and five appraisals well). With that amount of work done, the highest valuation Hess got was about US$400 million in 2016 when it farmed out 40 percent to Lukoil and Fuel Trade for the entire field. Aker claims it has spent about US$420 million on five well drilled on the two blocks. In another document presented to the country’s Economic Management Team (EMT), the US$420 million relates only to the three wells on DWT/CTP. Given that the DWT/CTP cost is shared among the partners of the block the total expenditure claims for the wells could be in the region of US$600 or US$750 million compared with US$400 million by Hess for 12 wells, depending on which of the documents used. This is very high regardless of which of the information is used.” It added: “We, therefore, request Parliament to institute a full-scale investigation into the transaction to verify the actual cost incurred by Aker so far on the Blocks, clarify the inconsistencies in the presentations by GNPC and allow for open consultation and hearing to provide opportunities for independent expert. We also urge the media to provide adequate space and time for a thorough examination of the issue in the country’s supreme interest.” Click on the link below for the full statement of CSOs FINAL VERSION – Statement on AKER GNPC transaction final Source: https://energynewsafrica.com

African Oil Producers Struggle To Raise Oil Production As Investment Lags

Sub-Saharan Africa, especially its largest oil producers Nigeria and Angola, will struggle to raise oil output through the middle of this decade, as international majors are shifting their investment priorities, data and analytics company GlobalData said on Friday. Lack of sufficient investments and few new projects could derail Sub-Saharan Africa’s ambition to increase its crude oil production through 2025 after a difficult pandemic-hit 2020, GlobalData said in its report. As international oil majors are reassessing their investment priorities and projects compete for less capital amid an ongoing capex discipline, Nigeria and Angola—the leading African producers in OPEC—are seeing few new projects being approved. According to GlobalData, the two countries will see falling crude oil and condensate production from this year onwards. At the same time, they also have a relatively small number of oil projects that would come on stream within 2025. Sub-Saharan Africa has a lot of potential and could easily top Europe in terms of oil and gas output, Conor Ward, Oil and Gas Analyst at GlobalData, said, commenting on the findings. “However, companies have been more cautious than ever over their investments. Some of the huge discoveries made over the past decade have seen significant delays with no final investment decision (FID) in sight: as is the case with Shell’s Bonga Southwest/Aparo, which was discovered over 20 years ago,” Ward said.
Sub-Saharan Africa Has No Choice Than To Stick To Fossil Fuel-Dr Babajide Agunbiade.
“Sub-Saharan Africa is seeing a shift of investment away from the more developed countries in the region, most notably Nigeria, and more towards frontier countries such as Mauritania, Senegal, Mozambique, and Uganda as the fiscal terms offered by the host countries are far more appealing and have a large untapped resource base,” Ward added. Nigeria has to address the above-ground risks for companies if it wants to attract investment, the analyst noted. Nigeria approved last month a new petroleum industry bill in Africa’s top oil producer and exporter, putting an end to 20 years of debates and delays. International oil majors have not been flocking to Nigerian oil assets now that fossil fuels are even more fiercely competing for Big Oil’s capital plans as majors start shifting more funding to low-carbon energy sources. Source:Oilprice.com

Which Country Is The World Leader In Renewable Energy In 2021?

Norway is the country with the highest share of renewable energy in the world, according to new data. A study by energy tariff comparison platform Utility Bidder reveals the top 20 countries in the clean energy field, as well as those which rely most on fossil fuels. The fossil fuels measured were coal, oil and natural gas, while renewable sources were biofuels and waste, wind, solar and hydro. The figures were sourced from the International Energy Agency (IEA). 56 per cent of Norway’s total energy usage comes from renewable sources, while the UK ranks 20th with clean energy only accounting for a dismal 13 per cent. What do Norway, Brazil and New Zealand have in common? These three countries are all world leaders when it comes to renewable energy. They came first, second and third respectively in the rankings. Norway utilises hydropower more than any other country around the globe – it accounts for 45 per cent of its supply alone. The Nordic country is known for its many steep valleys and rivers, as well as increased rainfall due to climate change, meaning hydroelectricity is bountiful. With the second highest supply of renewable energy, Brazil is the leader in biofuel and waste energy. These sources account for 32 per cent of its total energy supply. It is the second-largest producer of ethanol fuel and is an industry leader, with sugarcane-based ethanol being touted as the most successful alternative fuel to date.
The countries that use the highest share of renewable energy in the worldUtility bidder
Renewable energy sources account for 42 per cent of New Zealand’s energy supply. It is a world leader in wind and solar energy which make up 25 per cent of its energy supply. Situated in the path of the ‘Roaring Forties’, a set of strong and constant westerly winds, the nation is perfectly positioned for wind power. It enjoys plenty of sunshine for solar energy too, as well as having an increasing market for solar hot water heating systems. Which five countries are most reliant on fossil fuels? With 98 per cent reliance on fossil fuels, Singapore comes out as the worst in the world. The country uses the highest proportion of oil in the world relative to total energy supply, with fossil fuels making up 73 per cent of its energy supply. It is home to major oil companies such as Exxon Mobil, due to its ideal trading location and perceived safe environment. Singapore is closely followed by Australia, with 93 per cent reliance, and then South Africa with 91 per cent. Luxembourg and the Netherlands take fourth and fifth spot with a joint 90 per cent fossil fuel dependence.
The countries that use the highest share of fossil fuels–Utility Bidder
The Netherlands has the highest supply of natural gas of any other country on the list. Fifty per cent of this comes from the Groningen gas field, the largest in Europe. However, the Dutch government has committed to stop regular production from the Groningen field by 2022. Source: euronews.com

Ghana’s Petroleum Commission To Demonstrate How Pragmatic Regulation Drives Investment At African Energy Week In Cape Town

Egbert Faibille Jnr., CEO of the Petroleum Commission of Ghana, has confirmed his attendance and participation at African Energy Week (AEW) 2021, taking place in Cape Town, South Africa, on the 9th-12th of November. He is expected to deliver a keynote address at the event. Mr. Faibille will attend AEW 2021 with a delegation of industry leaders and executives from Ghana, including Hon. Minister Dr. Matthew Opoku Prempeh and representatives from the Ghana National Petroleum Corporation (GNPC). Representing one of Africa’s most promising natural gas sectors, and the agency responsible for Ghana’s upstream oil and gas sector, Faibille will drive a discussion on Africa’s gas miracle, pushing a strong narrative on the role of effective regulation and upstream oil and gas activities in driving continent wide energy sector and economic growth. As CEO of the Petroleum Commission, the Ghanaian state agency responsible for the regulation, management and coordination of all upstream oil and gas activities, Faibille plays a fundamental role in expanding the country’s oil and gas industry. Despite having only been established in 2011, in response to the discovery of significant commercial hydrocarbon deposits, the Petroleum Commission has accelerated energy sector growth, and positioned the country as an attractive investment destination through productive, industry focused regulation. Under the auspices of the Minister of Energy, and built against a backdrop of reformed market-driven policies, the Commission has positioned Ghana as a highly competitive destination for upstream investment, leading to the rapid increase in oil and gas exploration and development. Notably, one of the Commissions primary achievements has been the creation and implementation of one of the most transparent, modern, and industry-focused regulatory frameworks in Africa, leading to an influx of private sector participation and international investment. Having restructured its energy sector from the ground up, enforcing legislature that prioritizes women inclusivity, local content, and the increasing ease of doing business for all stakeholders, Ghana has positioned itself as the go-to market for investment. What’s more, the Commission has created an impressive benchmark for other African nations seeking investment and the increase in domestic exploration and production. Ghana is a prime example of how regulation can drive energy sector success and AEW 2021 aims to emphasize this. Accordingly, both the Ministry and the Commission have kick-started Ghana’s energy sector, driving new exploration and associated oil and natural gas developments. Some of the most noteworthy oil and gas achievements in the country include the billion-dollar discovery made by local company Springfield E&P Ltd. in the West Cape Three Points Block 2 area; the 150,000 barrels per day Jubilee oil field; the 3.4 million-ton Tema Liquified Natural Gas terminal; the 1,000MW Sankofa gas-to-power project; and the West African Gas Pipeline project. By ensuring an investor friendly business climate, Ghana now boasts the participation of some of the world’s most significant oil majors. Notable actors include Aker Energy, Camal Energy, Sahara Group, and Swiss African Petroleum with major oil and gas operators including Tullow, Kosmos Energy, Eni, Anadarko Petroleum Corporation, Springfield E&P, and GNPC. By focusing on creating an enabling environment for investors, the Commission has driven progress in the sector. “Ghana represents one of Africa’s most successful new markets with world-class projects establishing the country as a regional oil, gas, and power hub. The Commission has done an exceptional job in establishing an enabling environment, pushing through market-driven policies and progressive legislature that has accelerated growth and interest in the oil and gas sector. By participating at AEW 2021 in Cape Town, Ghana will showcase the value and role of regulation, driving a strong narrative that emphasizes reform and transformation. We look forward to hearing Faibille’s insights and aim to further promote Ghana’s energy sector at AEW 2021,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber. Source: African Energy Chamber

Ghana: Edwin Provencal Gets Reappointment As BOST MD

President Akufo-Addo has reappointed Mr. Edwin Alfred Provencal as the Managing Director of Bulk Oil Storage and Transportation Company Limited (BOST). Edwin Provencal was the third Managing Director during the first term of the Akufo-Addo-led administration. He was appointed after the dismissal of his predecessor, the late George Mensah Okley. Since assumption of office, the MD and his management team have worked tirelessly in a bid to turn around the fortunes of the company. Under his leadership, the company has been able to fully repair four river barges that were grounded and the Buipe-Bolgatanga pipeline with the repair works on Tema-Akosombo pipeline expected to be completed and operationalised by the end of the third quarter. Swearing in the newly constituted Board of Directors of BOST, Energy Minister Dr. Matthew Opoku Prempeh charged the board to work together as a team. Sounding a caution to them, Dr. Matthew Opoku Prempeh said he would not entertain any form of undermining by the MD against a board member or a board member against the MD. Dr. Opoku Prempeh, who said he is solidly behind the board, reminded them of what he described as bad nuts in the downstream petroleum sector who are always setting traps for others to fall into. He charged them to be efficient and transparent in their operations. Mr. Ekow Hackman, who was the Board Chairman of BOST during the first term of President Akufo-Addo, was reappointed as chairman for the new board. Other members of the board are Bright Okyere Adjekum Esq., Prof Kofi Osei Akuoku and Francisca Aba Addison The rest are Dr. Nana Ayew Afriyie, Mr.s Joyce Agyeman Attafuah, Nana Owusu Afriyie IV and Emmanuel Tando. Source: https://energynewsafrica.com

Ghana: Freddie Blay Reappointed Chairman Of GNPC

President Akufo-Addo has reappointed Mr Freddie Blay, National Chairman of the ruling party (NPP) as Board Chairman of Ghana’s national oil company GNPC. Freddie Blay served in the same role during the first term administration of President Akufo-Addo, between 2017 and 2021. Frederick Armah Blay, popularly called Freddie Blay, is a Ghanaian lawyer and a politician. He was a Member of Parliament for the Ellembele constituency in the Western Region for years, and served as the First Deputy Speaker in the Fourth Parliament of Ghana. He lost his seat in the general elections held on 7 December 2008 to Emmanuel Armah Kofi Buah of the NDC. He was a member of the Convention People’s Party (CPP), but resigned to join the New Patriotic Party after being criticized by some CPP stalwarts for not campaigning for the CPP flagbearer, Dr. Paa Kwesi Nduom, instead endorsing the NPP’s presidential candidate then, Nana Akufo-Addo. Between 2017 and January 2021, he served as the board chair of GNPC even though issues were raised over a party chairman chairing the national oil company.

Ghana: Peace FM’s Kwame Sefa Kayi Appointed Board Member Of NPA

Ace Ghanaian Broadcast Journalist, Kwame Sefa Kayi has been appointed Board Member of the National Petroleum Authority (NPA). Sefa Kayi currently works with a local radio radio station Peace FM as host of its flagship morning show dubbed “Kokrokoo”. He has several years of experience in radio broadcasting and communication. The board which is chaired by Joe Addo -Yobo has Manuel Sawyyerr Esq., Clement Osei Amoako, Bernard Owusu, and Dr Nana Agyei Baffour Awuah as members. The rest are Dr Mustapha Abdul-Hamid, CEO of NPA, and Madam Diana Mogre. Source: https://energynewsafrica.com

Ghana: GNPC Seeks Approval For $1.65 Billion To Acquire Stakes In Two Oil Blocks

Ghana’s national oil company, GNPC, is looking to purchase stakes in South Deep Water Tano and Deep Water Tano/ Cape Three Points oil blocks offshore Republic of Ghana. GNPC wants to purchase about 70 percent stake in SWDT block operated by AGM Petroleum Ghana Limited and 37 percent stake in DWT/CTP operated by Aker Energy Ghana Limited. To this end, GNPC has submitted a memorandum to Ghana’s Parliament to seek approval for a loan of $1.65 billion to enable it purchase stakes in the two oil blocks. According to report filed by citinewsroom.com, the country’s Energy Minister, Dr Matthew Opoku Prempeh presented the document on behalf of GNPC to parliament for consideration and approval. “Provision of a loan not exceeding US$1.65 billion to finance the acquisition at a price to be negotiated which might not exceed US$1.3 billion and GC Explorco share of capital expenditure (CAPEX) to Pecan Phase 1 First Oil of US$350 million.”
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The report said GNPC argued that entering such a partnership with the two entities is critical because prevailing situations such as the exiting of oil majors from the country required that it builds its capacity and takes up a large part of the exploration activities before Ghana’s oil reserves hit a level of terminal decline. “With the shift away from investments in oil and gas into renewable, Ghana faces the risk of stranded assets and dwindling proven reserves if GNPC is unable to undertake exploration, development and production alone. A declining industry undermines growth, diminishes revenue expectations for Ghana and makes redundant the stock of skilled labour in the industry which Ghana has rapidly built up over the decade.” It said the move is “all the more needed and urgent” hence the need for parliamentary ratification. Within four to five years, GNPC believes that the partnership will help the country produce an extra 200,000 barrels of crude oil. “Cabinet has already granted approval for the deal,” the report noted. Source: https://energynewsafrica.com

Ghana: Let’s Be Safety Compliant To Avoid Accidents In Petroleum Sector-NPA Boss

The newly appointed Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has urged operators of fuel stations and managers of petroleum depots to ensure safety compliance to avoid accidents. He underscored the need for players in the sector to work together to achieve ‘zero accidents’. Dr. Mustapha Abdul-Hamid made the call when management and staff of Chase Logistics climaxed ‘1000 Days of Lost Time Injuries’ at Tema Tank Farm last Friday. He noted that many Ghanaians are worried about recent increases in petroleum related accidents involving various fuel facilities and tankers.
Ghana: Mustapha Hamid Takes Over National Petroleum Authority As New CEO
According to him, these incidents, which are mostly avoidable, do not only result in physical loss of lives and properties but psychological consequences as well. “We need to operate safely as an industry to regain the confidence of the general public in our operations. “We are all aware that, most residents are apprehensive about the siting of fuel related facilities within their communities because of the fear of accidents. Compliance to safety standards will result in no accidents, thereby, boosting the confidence of the general public in the operations of these facilities,” he advised. Speaking on the theme: ‘Advancing a culture of excellent health and safety standards in the petroleum industry: A key to sustainable development of Ghanaian economy’, Dr. Mustapha Abdul-Hamid noted that the petroleum industry is the engine of growth of the Ghanaian economy. He, therefore, stressed that “we strive to carry out our operations in an efficient and safe manner to achieve sustainable development of the Ghanaian economy.” Dr Mustapha Abdul-Hamid said NPA is committed to developing and improving safety standards in line with international best practices and ensure all operators strictly adhere to such. To this end, he said NPA, as part of measures to ensure safety and reduce accidents involving Bulk Road Vehicles(BRVs), has teamed up with the Driver and Vehicle Licensing Authority (DVLA) and Road Safety Limited (RSL) to train BRV drivers on general defensive driving, Safe Loading & Unloading Procedures, Basic Fire-Fighting and Emergency Response, among others. “I also entreat all depots to ensure that the pre-loading checks on these BRVs are thoroughly carried out to confirm their safety status, before they are loaded with petroleum products,” he advised. He commended management of Tema Tank Farm for being safety compliance and urged them to keep up the high standard and not compromise on safety at anytime. Source: https://energynewsafrica.com

Ghana: Edward Boateng Takes Over As New MD Of Tema Oil Refinery

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A former Ghana’s Ambassador to the People’s Republic of China, H.E Edward Boateng, has been appointed as the new Managing Director of Tema Oil Refinery (TOR) by President Nana Akufo-Addo. This is according to report filed by Asaase Radio, a local radio station owned by the cousin of President Nana Akufo-Addo. Energynewsafrica.com’s checks at the Ministry of Energy also confirmed Edward Boateng’s appointment. Edward Boateng, who is an international strategist, Communication expert and has held key management positions, would be the fourth person to be appointed as the Managing Director of TOR under the Akufo-Addo administration. Mr Edward Boateng holds a Master’s in Business Administration from Clark-Atlanta University in the United States, a postgraduate diploma from Yale University and a Bachelor’s degree in economics and law from the Kwame Nkrumah University of Science and Technology in Ghana. Commenting on his appointment as the new MD of TOR, H.E. Edward Boateng stated that he is poised to TOR and ensure that the refinery goes through the needed reforms to return the refinery to full capacity operation. “We are capable of boosting the refinery’s capacity to position its operations to meet local demand and export its products in the West African sub region and beyond,” he stated. The 45,000 barrel per stream daily refinery(bpsd) had been run by three managing directors namely; Mr. Isaac Osei, Asante Berko and Francis Boateng within the first four years of the current administration. The West African nation’s premier refinery had been badly managed by successive governments, leaving the refinery with huge debts. Recently, Ghana Water Company cut water supply to the refinery because of huge water bills it had not been able to settle. Apart from the unsettled water bills, TOR also owed ECG millions of unpaid electricity bills. Source: https://energynewsafrica.com