Tag: IES
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Ghana: TOR MD Was Forced To Resign For Refusing To Approve ‘Stinking’ Deal-IES
The Institute of Energy Security (IES), an energy think tank in the Republic of Ghana is alleging that the Managing Director for Tema Oil Refinery (TOR), Isaac Osei, was compelled to resign following his refusal to approve a shady deal. Energynewsafrica.com last Friday reported the resignation of the Managing Director of TOR, Mr Isaac Osei.…
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Ghana: Some Possible Outcomes From Tullow’s Significant Comedown(Article)
By: Paa Kwasi Anamua Sakyi A decade ago when Kosmos Energy discovered oil in commercial quantities west of Cape Three Points, offshore Republic of Ghana, Tullow Oil Plc became the Operator of the field (Jubilee field), and currently runs that alongside the Tweneboa-Enyenra-Ntomme (TEN) oil fields. This is a company that started in a…
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Ghana: Energy Award Winning Michael Creg Afful Resigns From Oman FM
The Head of Energy Desk at Madina based Oman FM in the Republic of Ghana, West Africa, Michael Creg Afful has resigned. The energy award winning journalist tendered in his resignation letter on Wednesday, December 18, 2019. Michael Creg Afful joined the station in 2009 as a reporter who covered all issues. He, however, developed…
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Ghana: IES Hails Withdrawal Of Increase In BOST Margin
The Institute for Energy Security (IES), an energy think tank in the West African nation, Ghana, has welcomed the decision by the National Petroleum Authority (NPA) to withdraw a directive to OMCs to increase BOST and Unified Petroleum Price Fund (UPPF) margins. According to the IES, had the decision by the NPA to review upward…
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Ghana: Fuel Prices To Remain Stable But Cedi Depreciation Biting – IES
The Institute for Energy Security (IES), an energy think tank in the Republic of Ghana, has predicted that prices of fuel across the pumps in the second pricing window will remain stable. Even though the depreciation of the cedi against other major international currencies especially the US dollar, has gone beyond 10 per cent since…
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Is There A Looming Crisis In Ghana’s Power Sector?
By: Paa Kwasi Anamua Sakyi Electricity is widely regarded as a major determinant of economic prosperity of any State. It is the force that propels any economic activity, and indeed the pillar of wealth creation. Onakoya et al. (2013) finds the output of the energy sector (electricity and the petroleum products) usually consolidating the…
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Ghana: COPEC Charges BOG To ‘Arrest’ Cedi Depreciation To Avoid Needless Fuel Increment
The Chamber of Petroleum Consumers (COPEC), a consumer advocacy group in the Republic of Ghana is outraged by the government’s inability to ‘arrest’ the depreciation of the country’s cedis against the US dollar. COPEC claims the depreciation of the Ghana currency has resulted in the latest increment in fuel price. Fuel prices across most of…
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Ghana: ECG MD Accompanies President To Commission Karpower Interconnection Project (Photos)
The Managing Director of Ghana’s power distribution and retail company, Electricity Company of Ghana (ECG), Kwame Agyeman-Budu on Saturday joined the President of the Republic, H.E. Nana Addo Dankwa Akufo-Addo to commission the Karpowership Interconnection Project at the Western Naval Command in Secondi. The 470MW Karpowership is one of the power producing plants whose generated…
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Ghana: We’re Committed To Uninterrupted Electricity Supply – GRIDCo Chairman
Ghana’s power transmission company, Ghana Grid Company, has assured Ghanaians of uninterrupted power supply despite threats by the company’s workers to embark on an industrial action in the next few days. Board Chairman of GRIDCo, Ambassador Kabral Blay-Amihere, who gave this assurance during the company’s 10th AGM in Accra, capital of Ghana, said the leadership…
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Ghana: Understanding The Factors Limiting The Productive Use Of Energy (PUE) In Rural Communities
By: Paa Kwasi Anamua Sakyi There is an ongoing debate on how best to provide electricity for income generating activities to the 1.1 billion people currently without access to electricity — of whom 600 million are living in Sub-Saharan Africa, many of them in rural areas. The electrification rates in rural communities in sub-Saharan…