Environment

Environmental issues and events related to oil produced in Ghana

Key political risks in the Gulf of Guinea

A stretch of West Africa’s coast spanning more than a dozen countries, the Gulf of Guinea is a growing source of oil, cocoa and metals for world markets. But rising rates of piracy, drug smuggling and political uncertainty in an area ravaged by civil wars and coups have made it a challenging area for...

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Ghana proposes easing of fuel price hikes

 February Feb 8 (Reuters) – Ghana’s government has proposed a 20 percent reduction in fuel price hikes after labour unions threatened to go on strike, but the National Petroleum Authority has not yet signed off on the move, officials said. In December Ghana announced a cut in fuel subsidies following an increase in crude...

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Supporting maritime security in Ghana: US Africa Command Blog

I just returned from a very successful planning meeting with the Petroleum Security Coordination Center (PSCC) in Ghana — the agency responsible for developing a strategic security plan for their oil and gas industry. We have been asked to support their effort by conducting a table top exercise to test Ghana’s Maritime Strategic Plan,...

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Forum participants want receipts of oil revenue pulished

Participants in the 63rd Annual New Year School and Conference (ANYSC) have called for transparency in the oil and gas sector by the publication of receipts and records of revenues, as well as a tracking system for the use of these revenues. They were of the view that the revenues accruing from oil had...

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Ghana’s oil has repercussions for women in Western Region – Dr Darkwa

Accra, Jan. 12, GNA –Recent research findings show that Ghana’s oil sector has socio-economic implications on gender, and impacts negatively particularly on women living in the Western Region. Dr Akosua Dakwa, Senior Lecturer at the Department of Sociology, University of Ghana, Legon, who made the observation on Wednesday stated that the findings revealed that...

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Ghana’s oil sector needs more transparency – speakers at New Year School

Speakers at a symposium on ensuring transparency in oil and gas revenue management have stated that though Ghana has made some strides in ensuring transparency in the sector, there are still challenges to be addressed. The speakers were the Chairman of the Parliamentary Select Committee on Mines and Energy, Mr Moses Asaga; the Executive...

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Piracy Rises in Oil-Rich West Africa

Nico Colombant –While piracy attacks off the coast of unstable Somalia have garnered lots of attention in recent years, maritime security experts say it is on Africa’s western coast, in the oil-rich Gulf of Guinea, where piracy attacks are currently on the rise.   Militants hidden behind bandanas from Nigeria’s Niger Delta oil region...

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Ghana to deal with illegal mining, logging

ACCRA – Ghana is making a strategy to deal with illegal mining and logging which poses a grave environmental, health and security risk to the country, Minister of Lands and Natural Resources Mike Allen Hammah said here on Wednesday. Speaking at a workshop to develop a framework for artisanal and small-scale mining in Ghana,...

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Ghana’s Oil Is A Curse – Fishermen Cry

Ghana’s Oil Is A Curse – Fishermen Cry

Nana SOME FISHER folks in the Western Region have described Ghana’s oil find in that region as a curse. According to them, ever since the discovery of the ‘black gold,’ their environment and livelihoods had been greatly affected. “Some fishermen I had a meeting with said at the moment they see the discovery of...

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Telling companies to mine deeper

By Stephen Gyasi in Accra – Spiralling world prices for gold should be yet another boost to Ghana’s economic leap forward after commercial oil production started at the end of last year. By late August, the price of gold had exceeded $1,900 per ounce, a new record. Ghana is Africa’s biggest producer after South Africa,...

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Ghana bond sale tests foreign appetite in election year

LONDON (Reuters) - Foreign interest in a bond sale in Ghana this week is likely to be muted due to lingering concerns about currency volatility and nervousness ahead of elections due late this year, but local demand should ensure the auction is fully subscribed. Ghana's relative stability and developing oil industry have made it a favourite with foreign investors but currency weakness and ...

Indians keen to invest in Ghana's sugar, fertiliser industry

Accra (Ghana), Feb 22 (IANS) Indian investors are keen to invest as much as $36 million in Ghana's ailing sugar industry, Indian High Commissioner Rajinder Bhagat has said.

Ghana: Gargantuan Crimes, Hipocrisy And The Murdering

Is Our Democracy In Tatters? Hypocrisy is the most difficult and nerve-racking vice that any man can pursue. It needs an unceasing vigilance and a rare detachment of spirit. It cannot, like adultery or gluttony – be practiced at spare moments. It is a whole time job.

New oil discovered off Liberia and Sierra Leone coasts

Drillers converged on West African shores five years ago after one of the continent’s biggest oil fields was discovered off Ghana. read more

Ghana earned over $400m from oil export last year

President John Evans Atta Mills on Thursday disclosed that Ghana earned a total of $444,124,724 from the sale of Ghana Group’s oil lifting of 3,930,189 barrels of crude oil.

Ghana: Jubilee Fields Experiencing Problems, Production Target Can't Be Met

ACCRA, Ghana -(Dow Jones)- Oil and gas production activities in Ghana's Jubilee Fields, situated off-shore the country's western coast, have been hit by problems, and as a result the projected output target for this year can't be met, President John Atta Mills said Thursday.

Ghana c.bank hikes rates, cites euro zone

ACCRA (Reuters) - The Bank of Ghana's Monetary Policy Committee announced a one percentage point increase to 13.5 percent in its prime lending rate on Wednesday, the first hike in three years, citing risks from the euro zone debt crisis and currency volatility. The decision surprised some analysts who had expected tame inflation to prompt the central bank to keep rates on hold until later in the ...

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