Ghana’s power distribution company, Electricity Company of Ghana, will on February 18, 2020 launch a mobile application to enable its customers to buy prepaid credit via mobile phones directly without having to visit any sales points.
Vice President of the West African nation Dr Mahamudu Bawumia, dropped the hint at a Town Hall Meeting in the Ashanti Regional capital Kumasi on Tuesday.
He said the mobile app would help to eliminate the stress ECG customers go through in getting prepaid credit particularly, at night.
“You can buy units for others as well,” he said, adding that “now people will be calling you to buy credit for them.”
Dr Bawumia said the government’s resolve to digitise Ghana’s economy was to do away with all inefficiencies and corruption in the system.
That, he added, would help Ghana to reap the benefits of digitisation, saying “Digitisation is going to reduce a lot of inefficiency and corruption.”
Source: www.energynewsafrica.comSource: www.energynewsafrica.com
Norwegian oil exploration and production firm, Aker Energy has awarded a geotechnical and geophysical survey services contract to oil and gas services provider, Fugro Ghana Ltd, for the Pecan field.
The contract is in preparation for the commencement of first oil production from the Pecan field holds between 450Mmboe and 550Mmboe.
The Pecan field is an oil and gas field located offshore Ghana in the Gulf of Guinea. The field lies in the Deepwater Tano Cape Three Points block (DWT/CT), which is jointly owned by Aker Energy (50%, operator), Lukoil (38%), Fueltrade (2%) and Ghana National Petroleum Corporation (10%).
The Pecan field was earlier owned by Hess and acquired by Aker Energy’s subsidiary Aker Energy Ghana in June 2018. First oil from the field is expected in the fourth quarter of 2021.
In a press statement posted on the company’s website, Aker Energy said the contract involves surveying services from two state-of-the-art vessels for a 10-week period, starting in March, as well as laboratory testing post operations.
The geotechnical vessel, Fugro Scout, is specifically designed for geotechnical operations in water depths up to 3,000 metres for both drilling and seabed sampling and in situ testing.
The aim of the surveys is to obtain critical information about seabed and sub-seabed conditions to facilitate the planning and emplacement of the Pecan subsea field and floating production storage and offloading (FPSO) ship.
Commenting on the award, Senior Vice President for Projects in Aker Energy, Olav Henriksen said: “For Aker Energy, this contract is an important next step as we prepare for the ramp up of the Pecan project.
“We are both eager and excited to get started and Fugro’s services are world class, making them a natural choice to partner with,” he added.
On his part, Jaco Stemmet, Fugro’s Director for Africa, said, “This project will build on the extensive experience that our vessels and staff have gained in Ghana and the wider West Africa region, and we look forward to using this knowledge to execute a safe and successful campaign.”
As part of the contract, an emphasis has been placed on local content and capacity building in Ghana through Fugro’s Ghana office.
The shore base for the two ships will be Takoradi in the Western Region. From Fugro, at least, one surveyor trainee and one experienced surveyor will be Ghanaian and there will be local sourcing of various materials in Ghana.
In addition, a series of educational and capacity building activities will be rolled out through partnerships with Ghanaian educational institutions and the Petroleum Commission of Ghana.
Source: www.energynewsafrica.com
Ghana’s indigenous oil marketing company, GOIL Company Limited, recorded 32 percent year-on-year growth and increased its revenue by 15 percent in 2019.
The Managing Director and Group Chief Executive, Mr Kwame Osei-Prempeh, who revealed this at a send-off party in honour of the former MD and Group CEO, Mr Patrick Akorli, in Accra, said the company prudently managed its financial costs resulting in the growth.
Mr Akorli retired from the company after 25 years of service, seven of which was in the position of Managing Director and Group Chief Executive.
Mr Osei Prempeh paid tribute to his predecessor for laying the foundation for the tremendous growth and transformation of the company, adding that the company would continue the good path chartered by Mr Akorli and ensure the consolidation of the impressive growth.
Mr. Patrick Akorli(2nd right), former Managing Director and Group CEO of GOIL COMPANY LIMITED
He also lauded the contributions of other Managing Directors whose efforts have, over the years, turned around GOIL, adding the sterling leadership qualities of Mr Akorli had shown that Ghanaians can do better and compete favourably with foreign competitors.
The Ashanti Regional Minister, Mr Simon Osei Mensah, who was the Guest of Honour, described Mr Akorli as patriotic, selfless and a team player who always shared the successes of the company with the GOIL team.
The former MD, he noted, must be celebrated for helping to uplift the image of GOIL to the admiration of all.
The send-off ceremony was attended by several industry players including the CEO of NPA, Hassan Tampuli, a former MD of GOIL, Mr Yaw Agyemang-Duah, present and former Board members of GOIL, GO Energy, the Managing Director of Total Ghana, Mr Eric Fanchini, CEO of OMCs, Mr Kwaku Agyemang-Duah, Executive Director of CIMG, Mr Kwabena Agyekum, Executive Director of COPEC, Mr Duncan Amoah, National Chairman of GPRTU, Mr Kwame Kumah and GOIL’s Brand Ambassador, Prof. Azumah Nelson.Others who attended the send- off were the Chief of Defence Staff, Lt. Gen. Obed Akwa, former Chief of Defence Staff, Lt. Gen. Augustine Blay, Chief of Air Staff, Air Vice Marshall F. Hanson, former Chief of Naval Staff, Rear Admiral G.M Biekro (Rtd), Deputy Chief Fire Officer (Director of Safety) Mr Obeng Dankwa Dwamena.
Mr Akorli, who served in various management positions until he assumed the MD position in 2012, thanked President Akufo Addo and his two predecessors, the late President Mills and former President Mahama, for the congenial atmosphere created during his tenure.
He also appreciated the role of past and present Boards, Management, staff and the workers for their assistance and co-operation.
He appealed to the staff to extend the same support to the present Managing Director, Mr Kwame Osei Prempeh to help propel the company to greater heights.
The Board Chairman of GOIL, Kwamena Bartels, on behalf of the Board and Management of the company, presented gifts to Mr Akorli and thanked him for his diligent and selfless leadership that has contributed in making GOIL an enviable OMC in the country.
Source: www.energynewsafrica.com
The Public Utility Regulatory Commission (PURC) in the Republic of Ghana has responded to some social media comments which seem to suggest that the Commission is failing in its mandate to protect consumers’ interests in the West African country.
“Can PURC order ECG to compensate us, even if it means giving us power with an expiry date? I think it is time for PURC to be asked the hard questions. Why do they fine utility companies and keep the money for themselves, but never order the service providers to compensate customers who suffer? Come and see how the electricity is dancing like there is some silent music playing, which only the light sources can hear. And come and see me and my son sweating because we are stuck indoors in the darkness and heat.”
#ECGMustCompensateUs#PURCreplaceFinesWithcompensation,” a customer of ECG and GWCL posted on his Facebook wall.
However, a statement released and signed by Head of Public Relations and External Affairs at the PURC, Bawah Munkaila gave instances where it had instructed either the Electricity Company of Ghana (ECG) or Ghana Water Company (GWC) to pay compensations to affected consumers to stamp the PURC’s authority.
Notable among such actions, according to the PURC, include “The order for Electricity of Ghana (ECG) to compensate its prepayment customers to Achimota, Korle-bu, Dansoman and Kaneshie, all in the Greater Accra West District, who suffered difficulties in vending power from December 03-12 2017.
“On the basis of the number of consumers affected within the area, a total compensation paid amounted to one million, nine hundred and twenty-seven thousand, six hundred and twenty Ghana Cedis, forty-five pesewas. (GHS 1,927,620,45),” he justified.
He said these customers were credited with some amount of electricity units as their quota for the compensation after an order was made in January 2018 by the PURC.
The PURC’s Public Relations Officer said similarly, an order was issued for the Ghana Water Company Ltd (GWL) to reduce tariffs by 10.08 percent across board for all customer categories as a result of non-compliance with tariff decision and regulatory directives in relation to the Teshie Desalination Plant, which led to a breach in section 11 of the Public Utilities Regulatory Act 1997 (Act 538).
He explained that cost of operating the plant was included in the tariff for GWCL but was not being operated and, therefore, water customers were paying more than they were supposed to pay.
He said that this 10.08 percent reduction in GWCL tariff was to serve as forfeiture, if the component of tariff related to the Operation Desalination plant, refund of over-recovered tariff income and compensation to GWCL customers were not complied with.
Based on this order, he said GWCL refunded a total of fourteen million and ninety-seven thousand, one hundred and forty-six (GHS 14.097, 146.00) to all its customers.
He added that that amount represented five months of tariff income unfairly over-recovered by GWCL between March 15, 2018 and September 15, 2018.
With reference to undue charges, the PURC’s response said the GWCL paid to its customers an amount totaling five hundred and forty-two thousand, thirty-eight cedis, forty-eight Ghana Cedis (542,938.48).
Furthermore, Mr Munkaila stated that the Commission ordered that customers be refunded in a form of adjustments on their bills due to wrongful billing and it amounted to a total of one million, six hundred and sixty-four thousand and thirty-four Ghana cedis, thirty-eight pesewas (1664,034.38) passed, and credited within the year 2019 to affected customers.
“The PURC is, therefore, committed in ensuring customer service satisfaction and also seeing to the economic viability of the utility service providers,” he assured Ghanaians.
Source: www.energynewsafrica.com
Norwegian oil and gas company Aker BP recorded an increase in its quarterly profit as its total income went over $1 billion lifted by record high production.
Aker BP said on Tuesday that, for the first time, the company’s quarterly total income had exceeded one billion dollars, driven by record high production following the successful start-up of the Johan Sverdrup field, combined with continued strong performance from other fields.
Aker BP reported total income of $1.003 billion for the fourth quarter of 2019 compared to $916 million in the same period of 2018.
Overall, the company reported a net profit of $112 million for the quarter compared to a profit of $63 million in 4Q 2018.
The company’s net production in the fourth quarter was 191.1 thousand barrels of oil equivalents per day (mboepd), an increase when compared to 4Q 2018 and production of 155.7 mboepd.
The main contribution to the increase in volumes was the start-up of production from the Johan Sverdrup field in October. Average realized liquids price was $64.2 ($67.8 in 4Q 2018) per barrel oil equivalents (boe), while the realized price for natural gas averaged $0.17 per standard cubic meter (scm) ($0.30 scm in 4Q 2018).
For 2020, the company expects production of 205-220 mboepd and capex of about $1.5 billion.
In related news, Aker BP also on Tuesday said it had strengthened its position in the Skarv offshore areanby swapping its interest in two licenses for an interest and operatorship in license which holds the Shrek discovery, near the Skarv field.
Total is expanding its partnership with Adani Group, India’s largest privately-owned energy and infrastructure conglomerate, in order to contribute to the growth of solar power generation in the country.
The Indian government has a strong policy to support renewable energy growth. The country’s capacity should increase from its 81 gigawatts (GW) in 2019 to 225GW by 2022.
Total and Adani Green Energy Limited (AGEL) will create a 50/50 joint venture into which AGEL will transfer its solar assets in operation.
These projects are spread over 11 Indian states and have a cumulative capacity of over 2GW. All the projects benefit from nearly 25-year power purchase agreements (PPA) with national and regional electricity distributors, with a fixed rate.
“Total is fully engaged in the energy transition and to supporting India, a key country in the fight against climate change, in diversifying its energy mix through partnerships in natural gas and now in solar energy,” Patrick Pouyanné, Chairman & CEO of Total said.
“This interest in over 2GW of solar projects represents another big step of our investment in India’s energy sector. It will support our ambition to contribute to the deployment of 25GW of renewable capacities by 2025. We are thrilled to extend the partnership with the Adani Group to renewable energies, which will allow us to benefit from its in-depth knowledge of the Indian electricity market.”
This transaction has a value of approximately $500 million and is in line with the Group’s objective of double-digit returns on renewable projects. It remains subject to the approval of the relevant authorities.
Total integrates climate change into its strategy and is staying ahead of new energy market trends by building a portfolio of low-carbon businesses that could account for 15 to 20% of its sales by 2040. Total’s gross low-carbon power generation capacity worldwide is currently close to 7 gigawatts, of which over 3 gigawatts from renewable energies.
Source:www.energynewsafrica.com/esi-africa.com
The President of the Senate, Ahmad Lawan, is calling on the Nigerian government to review the privatisation of the country’s power sector.
According to local media Vanguard, Senator Lawan said: “I think the privatisation has not worked. It has failed because the essence of privatisation is to create efficiency.”
It is reported that the Senate was addressing the Executive Committee of the Manufacturers Association of Nigeria ((MAN) in Abuja.
“It appears most of the companies, the DISCOs (Distribution Companies), have no sufficient capital and probably the same thing with the GENCOs (Generation Companies),” he noted.
Lawan acknowledged that the efforts of the government were out of desperation to create a better situation for the privatised sector. However, as a result, the government “gave out a lot of money to the companies”.
He said: “I think the time has come for the government to take a very drastic but necessary decision. If we have privatised the DISCOs and the GENCOs, I think, the private sector, those who have taken them [the companies] over, should be able to make them work better than they were before.
“If they cannot, I think we need to revisit this privatisation because we cannot go on like that. We should look at the larger interest of Nigerians, not of those companies that have taken over the power sector – the DISCOs and the GENCOs.
“We are going to support the executive arm of government… We will suggest that going forward we have to revisit the privatisation because apparently the companies are not able to provide the power that we thought they could by now.”
Source:www.energynewsafrica.com
The government of Ghana has settled in full the US$1bn legacy debts the West African nation owed members of the Chamber of Bulk Oil Distributors (CBOD).
The final payment of the legacy debt was made on 13th January, 2020.
In all, a total of US$1.003 billion including interest has been paid by the government.
The amount covered legacy debts covering the period 2012 to 2020.
This was contained in a press statement issued by the Chamber of Bulk Oil Distributors (CBOD) and copied to energynewsafrica.com.
The statement noted that the payments were executed in the form of ESLA Bonds to Legacy Bonds Limited, an SPV jointly owned by the Ghana Association of bankers and the CBOD for redistribution to beneficiary banks and petroleum service providers.
CBOD mentioned a cash payment of US$444.72 million, Bank of Ghana Bonds of US$219.08 million and ESLA Bonds valued at US$339.28 all totalling US$1.003bn.
The statement said CBOD waived an amount of US$ 432m following government negotiations with them.
It would be recalled that confusion erupted between the government and CBOD over what is the actual amount of legacy debts the government owed members of CBOD.
However, Ernst &Young was appointed to validate all the claims by CBOD.
CBOD commended both the current and the former administrations for the steps they took to ensure a peaceful settlement of the debts.
Click the link below for the full statement:Press Statement
Ghana’s petroleum upstream regulator, Petroleum Commission, is set to meet with the management of Tullow Oil Ghana Ltd next week to discuss issues regarding the latter’s decision to lay off some of its workforce, energynewsafrica.com can report.
“We have scheduled a meeting with management of Tullow next week, and after the meeting, I will be able to let you know the way forward,” a source within the Commission told energynewsafrica.com.Energynewsafrica.com, last week, reported that the Africa focused oil and gas giant, Tullow Oil Plc has planned to cut back its employees in the West African nation, Ghana, by 25 percent.
A source in the company told this portal that top management level is expected to see a 35 percent reduction.
The UK firm has interests in 80 exploration and production licences across 15 countries, which are managed as three Business Teams: West Africa, East Africa and New Ventures.
In Ghana, Tullow Oil operates the country’s Jubilee and TEN fields.
The insider who spoke to energynewsafrica.com said the company’s decision to cut back its workforce is part of an ongoing restructuring of its business due to some challenges in 2019, which impacted negatively on the company’s revenue portfolios.
Source:www.energynewsafrica.com
The National Chairman of the Pre-mix Fuel Secretariat under the Ministry of Fisheries and Aqua-Culture Development in the Republic of Ghana, West Africa, says the secretariat is seeking the support of the National Security Operatives to clampdown on middlemen who buy the product and hoard and resell it later at exorbitant prices.
There were several reports of pre-mix fuel diversion leading to the NPA banning 14 companies from lifting the product.
However, Mr Edward Patrick Nii Lante Bannerman, who is the National Chairman of the Secretariat, said his outfit had succeeded in eliminating the diversion of the product due to some stringent measures they put in place which made it difficult for the OMCs that lift the product to divert it.
“What we have done so far is that, largely we have been able to eliminate the issues of diversions and issues of shortages of pre-mix for some time now. At least, in the last two years, we have not heard of shortages; we have not heard of diversions. We are making sure that the fuel gets to its intended destinations and the people who are to utilise this fuel get it. The people to use this fuel are the fishers and the transporters,” he said.
Speaking in an exclusive interview with energynewsafrica.com in Accra, he stressed that Ghanaians bear ample evidence that issues of pre-mix diversion and shortage in the country are things of the past.
He said records from the downstream petroleum regulator, National Petroleum Authority (NPA) point to this effect.
“As part of measures to control diversion of pre-mix, we wrote to the National Petroleum Authority (NPA) to give us the opportunity to also monitor the pre-mix trucks in transit right from our offices, which they did. So from November 2017, we have been able to monitor all our pre-mix trucks that are in transit,” he explained.
Additionally, platforms have been created for stakeholders, Regional Ministers, Members of Parliament, MMDCEs and operation officers, among others in the monitoring of the product to evaluate how daily loaded vehicles in transit move and accounted for in the industry.
He said it would be very difficult to divert pre-mix now since “you have to connive with all the above stakeholders before it could done.”
According to him, “The challenge we have now is the hoarding and resale of the pre-mix fuel after it has been delivered at the beach. And that is where the challenge is. And that is where we are looking at getting the National Security Operatives to step in to help us.”
Mr Bannerman told energynewsafrica.com, that his outfit has started engagement with the Regional Ministers, Metropolitan, Municipal and District Chief Executives who are at places where pre-mix is used to get to the final users.
He said they completed their engagement in the Volta Region last week and would soon go to the other areas.
He was of the view that MMDCEs should ensure that the product gets to the right users to avoid problems in the sector.
He disclosed that the National Pre-mix Committee intends to digitise the sale of the product in future through the use of cards by fishers to prevent hoarding and inflated prices in the industry.
He said that canoes in the lake areas in the country have not been registered, unlike those around the coastal areas.
He, however, promising to do so soon to get all fishers on the digital platform for smooth and effective management of the sector.
Source: www.energynewsafrica.com
Dubai Electricity and Water Authority (DEWA) has achieved a new world record in electricity Customer Minutes Lost (CML) per year.
DEWA recorded 1.86 minutes, in Dubai, compared to around 15 minutes recorded by leading electricity companies in the European Union.
This is a new addition to DEWA’s record of international achievements in electricity and water services.
“Our strategies and business plans are inspired by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, to provide a robust infrastructure according to the highest international standards. We continuously work to enhance the capacity and efficiency of transmission and distribution networks to provide electricity and water services according to the highest standards of reliability, availability, efficiency, and sustainability. This is to meet the growing demand for energy and water and keep pace with Dubai’s ambitious urban and economic plans. We are proud that DEWA is part of the UAE’s global achievements that are accomplished by Emirati men and women who do their best to provide state-of-the-art services to make Dubai the smartest and happiest city in the world,” H.E Saeed Mohammed Al Tayer, MD & CEO of DEWA said.
Al Tayer noted that DEWA adopts the latest technologies for energy production, transmission, and distribution.
DEWA is also building an integrated smart grid, which is a key component of its strategy to develop an advanced infrastructure to support Dubai’s efforts to become a smart and happy city.
The smart grid strategy contains 10 programmes to be completed over the short, medium and long-term by 2035. These include Advanced Metering Infrastructure for Electricity, Advanced Metering Infrastructure for Water, Asset Management, Distribution Automation, Information Technology Infrastructure, Transmission Automation, System Integration, Telecommunications, Big Data and Analytics, and Security.
DEWA’s results surpass major European and American utilities in several indicators.
In 2018, losses from electricity transmission and distribution networks were 3.3% compared to 6-7% in Europe and the USA.
Water network losses were also reduced to 6.5% compared to around 15% in North America.
The UAE, represented by DEWA, ranked first for the third consecutive year in Getting Electricity, as per the World Bank’s Doing Business 2020 report.
The report measures the ease of doing business in 190 economies around the world.
DEWA achieved 100% in all of the Getting Electricity indicators, including procedures required to obtain an electricity connection; the time needed to complete each procedure; costs associated with each criterion; and reliability and transparency of tariffs.
Source:www.energynewsafrica.com
Ghana will continue to work to increase its renewable energy resources in the national grid to fast-track socioeconomic development, the country’s Minister for Energy, John-Peter Amewu has said.
According to him, the Energy Ministry is working with the country’s leading power generation company, Volta River Authority (VRA) to ensure that Ghana builds enough capacity in the area of clean and renewable energy to complement the country’s hydro dams.
The Minister said this during a sod cutting ceremony to start a 17MW solar power project in Kaleo in the Upper West Region, Ghana.
“The 4MWp capacity will be connected to the 34.5kV distribution network at Lawra and the 13MW capacity will be connected to the 161kV transmission system at the GRIDCo substation at Wa. I am happy to mention that the 17MWp solar power project is the perfect complement to the hydro dams at Akosombo and Kpong,” said Amewu, the Minister.
He explained that the project culminated many studies on grid impact assessment and others which have resulted in realising this objective.
“These will enable these dams (Akosombo and Kpong) to store water during the day so as to supply power to the people of Ghana during the evening, when the grid sees its highest peak,” the Energy Minister said.
Source:www.energynewsafrica.com
US Energy Secretary Dan Brouillette has stated that the novel coronavirus has not had a dramatic effect on energy markets.
However, he noted that the effect on the market could worsen if the virus continues to spread.
“I think the impact has been marginal,” Brouillette said as carried by Reuters.
The oil price slide since the beginning of the year—trigged by the coronavirus epidemic.
The price of a WTI barrel that was trading at $62.70 just one month ago is now trading at $50.45 per barrel—a drop of more than $12 per barrel, or nearly 20%, in just 30 days.
The price of a Brent barrel, trading at $68.91 a month ago, has sunk to $54.52, a drop of over $14 per barrel, or nearly 21%.
And it’s more than just fearful trades.
OPEC, too, feels that the effects have been dramatic enough to hold an emergency meeting to discuss the possibility of deeper or longer production cuts, even as OPEC member Libya is already producing 1 million bpd under its typical amount.
The death toll from the coronavirus has risen to over 638, with all but two of them limited to China. More than 31,000 people have been affected.
Source: www.energynewsafrica.com
Africa focused oil and gas giant, Tullow Oil Plc has planned to cut back its employees in the West African nation, Ghana, by 25 percent.
The top management level is expected to see a 35 percent reduction.
The oil and gas firm also plans to cut back its global workforce by 35 percent this year.
The UK firm has interests in 80 exploration and production licences across 15 countries, which are managed as three Business Teams: West Africa, East Africa and New Ventures.
In Ghana, Tullow Oil operates the country’s Jubilee and TEN fields.
An insider who spoke to energynewsafrica.com, said the company has decided to cut back its workforce in a bid to restructure its business due to some challenges in 2019, which impacted negatively on the company’s revenue portfolios.
“Everywhere, Tullow is present. We are in Kenya, Dublin, Cape Town, London etc all that in total, the cut back is 35 percent. Where I’m not sure is Guyana because that office is very small, and don’t forget we’re currently doing exploratory activities so there is not much work there.”
According to the insider, the company’s value dropped by 30 percent in 2019, hence the need to downsize the workforce in order to remain in business and be able do what it has planned to do this year and beyond.
“Our company lost or its value dropped by 30 percent last year. That is what has caused it the decision to cut back workforce because by losing 30 percent of the value of the business, you lose 30 percent of your potential revenues. This means less money to what you want to do so you cut your coat,” our insider source said.
In December last year, Tullow’s shares fell by 60 percent following announcement by Tullow’s CEO, Mr Paul McDade and Angus McCoss, Exploration Director that they had quit the firm.
More than £1.05bn was wiped off Tullow’s market value, leaving the company reeling, valued at £801.7m.
The company is yet to announce a new CEO after the resignation of Mr Paul McDade.Source: www.energynewsafrica.com
Others who attended the send- off were the Chief of Defence Staff, Lt. Gen. Obed Akwa, former Chief of Defence Staff, Lt. Gen. Augustine Blay, Chief of Air Staff, Air Vice Marshall F. Hanson, former Chief of Naval Staff, Rear Admiral G.M Biekro (Rtd), Deputy Chief Fire Officer (Director of Safety) Mr Obeng Dankwa Dwamena.
Mr Akorli, who served in various management positions until he assumed the MD position in 2012, thanked President Akufo Addo and his two predecessors, the late President Mills and former President Mahama, for the congenial atmosphere created during his tenure.
He also appreciated the role of past and present Boards, Management, staff and the workers for their assistance and co-operation.
He appealed to the staff to extend the same support to the present Managing Director, Mr Kwame Osei Prempeh to help propel the company to greater heights.
The Board Chairman of GOIL, Kwamena Bartels, on behalf of the Board and Management of the company, presented gifts to Mr Akorli and thanked him for his diligent and selfless leadership that has contributed in making GOIL an enviable OMC in the country.
Source: www.energynewsafrica.com
