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Ghana Oil and Gas Report Q1 2013

Ghana Oil and Gas Report Q1 2013

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BMI View: Despite output problems, the outlook for Ghana’s nascent status as an oil producer is bright ,with further development at the Jubilee field and anticipated first oil from the T.E.N. project, underlying our forecast for output to grow at an average rate of 60% over the course of our…

Ghana: Mahama makes first ministerial appointments – Seth Terkper new Finance Minister

Ghana: Mahama makes first ministerial appointments – Seth Terkper new Finance Minister

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  Five days after his inauguration as the fourth president of Ghana’s Fourth Republic, President John Dramani Mahama has made his first batch of ministerial appointments. The list of nominees was submitted to Parliament on Friday for vetting and approval.Former Deputy Minister for Finance, Seth Terkper named as the substantive…

President John Mahama’s inaugural address (text)

President John Mahama’s inaugural address (text)

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INAUGURAL ADDRESS BY PRESIDENT JOHN DRAMANI MAHAMA ON THE OCCASION OF HIS SWEARING-IN AS PRESIDENT OF THE REPUBLIC OF GHANA Rt. Hon. Speaker of Parliament, His Excellency the Vice President, Her Ladyship the Chief Justice, Your Excellencies our dear former Presidents, Your Excellencies Visiting Heads of State and Heads of…

Ghana oil revenue hits US$ 340 million

Ghana oil revenue hits US$ 340 million

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Accra, Dec 7: Ghana’s petroleum revenue accruing to the state this year has hit USD340 million following the announcement of a third quarter receipt of USD64.91 million. The third quarter receipt, published by the Ministry of Finance and Economic Planning (MOFEP), plus USD236.76 million of petroleum revenue released for the…

Tullow submit plans for 3rd offshore Ghana project

Tullow submit plans for 3rd offshore Ghana project

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LONDON – Tullow Oil and its partners have submitted a plan of development for the Tweneboa, Enyenra, and Ntomme (TEN) fields offshore Ghana to the country’s Ministery of Energy. The development is designed to allow reserves from these fields and from nearby discoveries to tieback to an FPSO. Following the…

Africa’s economic success story not “brand new” – UK Minister

Africa’s economic success story not “brand new” – UK Minister

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The recent successes chalked by African countries in terms of the economy are not new, that’s the thoughts of UK Foreign Office Minister Mark Simmonds. According to Simmonds, over the first decade of this millennium, six of the world’s ten fastest growing economies were African. At the recently-held African Investment…