Tag Archives: petroleum

The Executive Director of the Institute for Energy Security, Nana Amoasi VII, has described the government’s attempts to find more affordable petroleum products amid the economic crisis as wasteful and impossible. Speaking on The Big Issue, Nana Amoasi VII said the players in the petroleum sector would have utilised links to cheaper …

Prices of petroleum products at the pumps are likely to go up by 5.5% in spite of reduction on the world market, the Chamber of Petroleum Consumers (COPEC) has stated. Fuel prices on the international market have seen some marginal reductions over the past two-week period, but the sharp depreciation …

President Akufo-Addo says government cannot remove taxes on petroleum products. According to the President, a large volume of the taxes on petroleum products are used to pay salaries of some public sector workers. “Removing taxes on petroleum products will reduce Government revenues by some four billion cedis (GH¢4 billion). At …

The Public Interest and Accountability Committee (PIAC) has disclosed that four out of eighteen subsisting Petroleum Agreements have been terminated by the Petroleum Commission. This was contained in a PIAC 2021 non-performing annual report on the management and use of petroleum revenues for 2021, released on Wednesday, April 13. PIAC …

The ongoing geopolitical tension between Russia and Ukraine will not have much impact on Ghana’s petroleum products, a former Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Mr Alex Mould, has said. Therefore, he said, there should be no panic at all among stakeholders. Instead, Mr Mould asked …

The Finance Minister, Ken Ofori-Atta, expressed optimism that the E-levy policy will be approved but, in the event, it does not go through, he said, the government will turn to the petroleum sector for revenue. According to him, he is still surprised at the dissenting voices in relation to the proposed …