Ghana’s leading indigenous Oil Marketing Company (OMC), GOIL, has announced a reduction in the pump prices of gasoline (petrol) and gasoil (diesel) at all its retail outlets across the West African nation.
A litre of petrol is selling at Gh16.26 while diesel is selling at Gh19.77 per litre, effective Wednesday morning, according to a release by Robert Kyere, the Public Relations Manager for GOIL Company Limited.
Previously, a litre of petrol was sold at Gh16.82 while diesel was sold at Gh¢20.50 per litre.
This means that a litre of petrol has been reduced by 56 pesewas while diesel saw a reduction of 73 pesewas per litre.
Fuel prices are reviewed every fortnight in the Republic of Ghana, unlike some countries in West Africa where it is done monthly.
The second pricing window will end today, November 30, 2022, and prices of fuel are expected to be reviewed by the oil marketing companies from tomorrow.
Fuel prices shot up significantly across various filling stations due to the depreciation of the cedis and the rise in crude oil prices on the international market.
However, the Ghanaian cedis has witnessed some stability over the last few days while crude oil prices have been hovering around US$85 per barrel.
Source: https://energynewsafrica.com
It is also developing 250 Megawatts solar projects with 50 Megawatts peak of the project completed and supplying power to the national transmission internet connection grid.
Apart from the award won by Mr. Samuel Kofi Dzamesi, his organisation, BPA, also won the Renewable Energy Company of the Year as well as the Eco-Innovation Business Award.
Commenting on the awards, Mr. Samuel Kofi Dzamesi said: “I dedicate my award as CEO of the Year (Power) to the committed and dedicated staff of Bui Power Authority. But for the hardworking staff of BPA, this award wouldn’t have been possible.”
He, therefore, urged the staff of the Authority to work even harder in terms of bringing innovations and developments to spur up the industrial growth of Ghana in renewable energy and other clean energy alternatives.
Source: https://energynewsafrica.com
Mr Provencal was appointed Managing Director of BOST in August 2019 by President Akufo-Addo after the late George Mensah Oakley was relieved of his position as MD of the company.
At the time he assumed office, BOST’s assets, such as pipeline infrastructure, storage tanks, barges, tugboats and other vital installations had been abandoned for years without repairs.
Besides, BOST was saddled with huge legacy debts which dated back under the leadership of Kwame Awuah Darko, a former MD of the company.
However, the sordid state of the company had changed with the company seeing massive improvements.
From a loss-making company, BOST has seen a turnaround with the company posting Gh¢31 million profit in 2020 and Gh¢161 million profit in 2021.
Celebrating the recognition of his stellar performance on Facebook, Mr Alfred Provencal wrote: “Thanks be to God as covenanted in Colossians 3:23 supported by Hebrews 6:10.
“A very big Thank You to HE Nana Addo-Dankwa Akufo-Addo, Hon. Matthew Opoku-Prempeh, Hon. John Peter-Amewu, Hon. Amin Adams, Ambassador Edward Boateng, My Board Chairman, EKOW Hackman for the opportunity given to me to serve God & Country.
“To my Board Members, Management & Staff of BOST, CSOs, Auditor General, EOCO, Fourth Estate of the Realm, Bleoobii, Friends & Family, I say THANK YOU for without your hard work, advice & prayers this could not have been possible,” his post concluded.
Source: https://energynewsafrica.com
“Your benevolence has been deeply felt by the staff of the NPA. Your impact on the NPA and the downstream sector has been positively transformative and worthy of commendation.”
It will be recalled that Dr Abdul-Hamid was adjudged the Public Sector CEO of the year for two consecutive years—2021 and 2022— at the Ghana CEO Excellence Awards and the Ghana Business Awards.
This year’s Ghana Energy Awards was held on the theme: ‘Global Decarbonisation: A Just and Equitable Energy Transition in Ghana’.
The Vice-President of Ghana, Dr Mahamudu Bawumia, who represented President Nana Addo Dankwa Akufo-Addo at the event, congratulated Dr Abdul-Hamid and the other award winners for their achievements.
He affirmed the government’s resolve to continue to invest in the energy sector to drive the growth of the economy.
The Deputy Minister for Energy, Dr Mohammed Amin Anta affirmed the commitment of his ministry to deliver President Akufo-Addo’s vision of providing safe, reliable and affordable energy “to put the country on the path of sustainability.”
He said the energy awards recognised those whose hard work has made the energy industry stronger.
A Deputy CEO of NPA, Mrs. Linda Asante, received the award on behalf of Dr Abdul-Hamid.
She was supported by Mr. Bernard Owusu, Board member of NPA; Madam Alpha Welbeck, Director of Economic Regulation; Ms. Evelyn Yeboah, Manager Permits, and Ms Natasha Boakye, Manager, Corporate Social Responsibility, all of NPA.
Source: https://energynewsafrica.com 
He said it is refreshing news that interest in establishing nuclear power plants is growing across the world with about seventy countries currently pursuing nuclear power development as part of their energy mix.
Mr. Chudakov said per IAEA’s projection, there would be a significant jump in the total installed capacity of nuclear power plants across the globe to 870 gigawatts by 2050.
This trend would require the construction of twenty nuclear units of nuclear plants every year.
“We need to construct every year, not 5, 6 or 7 units but more than 20 units every year,” he said.
According to the IAEA deputy director, although the target is “very ambitious and challenging,” he said, “I’m pretty sure that we can reach this amount of nuclear power generation.”
Source: https://energynewsafrica.com 
