The impact of oil production on the culture of Ghana
Ghana is on schedule to produce first oil in the last quarter of this year. As the country gets ready to join the league of oil producing nations the Managing Editor of Business Analyst, Ato Kobbie, brings you an overview of the emerging oil sector in Ghana. The Jubilee Field is the name given the...
Workers of the Ghana National Petroleum Corporation (GNPC), has pledged their commitment to ensure that Ghanaians derived the maximum benefit from the operations of the Corporation. They pointed out that as a national corporation, GNPC’s fortunes were tied to the success of the country and its people and that it would not renege on...
By Stephen Cunningham – May 12 (Bloomberg) — Tullow Oil Plc audited its deepwater drilling operations in Ghana following BP Plc’s Gulf of Mexico oil spill. “We did that and are happy and comfortable with procedures and processes,” Chief Operating Officer Paul McDade said at Tullow’s annual general meeting of shareholders in London today.
Ghana has to be extremely careful in managing its oil and gas resources, making sure it does not turn into a curse, warns Professor George Ayittey, President, Free Africa Foundation, Washington DC. “It is good that we’ve discovered oil in Ghana, but the most critically important issue is how we manage that resource,” said...
The US government has denied suggestions of simmering diplomatic row with Ghana following the refusal of visas to key Ghana government officials. A local newspaper had reported that Ghana National Petroleum Corporation (GNPC) Board Chairman Ato Ahwoi and other key government officials in the energy sector had been refused visas to travel to the US, suggesting...
Tema, May 12, – About 1,000 members of the Tema District Council of Labour (TDCL), on Tuesday morning embarked on a peaceful demonstration in Tema to express their misgivings on events at the Tema Oil Refinery (TOR), PSC Tema Shipyard and Stevedore operations at the Tema Port. Workers of the three establishments, who were...
Would Ghana get it right where so many in Africa have gotten it wrong? What if Ghana’s oil fuels corruption rather than development, and creates the same combustible mix of great wealth, extreme poverty, grievances and instability as it has in other African countries? Writes Ben Ofosu-Appiah
By Elias Biryabarema – A proposed law to manage Uganda’s burgeoning oil industry will require firms to give priority to Ugandan suppliers and personnel when seeking contractors and employees, a draft obtained by Reuters said. East Africa’s third largest economy struck significant oil deposits in 2006 in the Albertine Rift that straddles its border...
The first shipment of crude oil from Equatorial Guinea of Ghana, is expected in July. The consignment, being shipped under a crude oil contract between the two countries, is on concessionary basis. President John Evans Atta Mills who arrived back home yesterday after a three-day visit to Equatorial Guinea, signed a contract for the...
To effectively manage Ghana’s emerging oil and gas industries, a comprehensive policy is needed to develop the necessary legal, institutional, and delegation frameworks before production begins this year, says a communiqué issued at the end of a two-day workshop on Oil and Gas and Transparency in the extractive industry. The communiqué, signed by Nana...
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