Environmental issues and events related to oil produced in Ghana
A Strategic Environmental Assessment (SEA) framework on the oil and gas sector has been developed with the view to managing environmental concerns relating to the country’s oil industry. The framework, according to its developers, is a key tool for ensuring sustainable development by considering natural resources, socio-cultural, economic and institutional issues at the policy, plan...
Ghana National Petroleum Corp. will spend $40 million to begin onshore oil exploration in the Volta River basin this year. The state-owned oil company – Ghana National Petroleum Corporation (GNPC) – hopes to gather seismic data that will attract private exploration investment in the region, which covers about 40 percent of the West African...
After three months of reactivation, the Volta Aluminium Company (VALCO) is on course towards reviving the aluminium industry in the short-term and the national goal of developing an integrated aluminium project in the long–term. Operating at 20 per cent capacity since its reactivation on January 3, 2011, VALCO is currently producing 3,000 metric tonnes...
By Eunice Menka – The government has entered into a credit agreement with the International Development Association for an amount of US$38 million to finance the oil and gas capacity building project, which is aimed at enhancing local skills and competencies needed to the oil industry. In 2009, a needs assessment in the petroleum sector...
By George Amexo — The case of the Tema Oil Refinery (TOR) in the ensuing litigation over the pollution of Chemu II Lagoon suffered another setback last Tuesday when a motion it made to the court to amend portions of its statement of defence was rejected by the Tema High Court. Counsel for TOR,...
The Ministry of Trade and Industry and the United Nations Industrial Development Organisation (UNIDO) is organising a two-day International Policy Conference from 14thto 15th March, 2011 in Accra. The conference dubbed: ‘‘Competitiveness and Diversification: Strategic Challenges in a Petroleum-Rich Economy,’’ aims at providing policy advice to Government on the need to put in place...
Oxfam says Ghana’s new oil law will not protect it from making the same financial mistakes as established oil producers such as Angola and Nigeria. The Petrol Revenue Management Bill that Ghana’s parliament ratified on March 2 is to regulate how the country spends and saves the $1 billion in oil money it expects...
BBC — In December, Ghana joined the ranks of Africa’s oil producers. The government believes oil will double the country’s economic growth rate. The BBC’s Rob Walker went to Takoradi, the hub of the new industry, to find out how oil money is changing the once-sleepy city. He plans to return over the coming...
INTRODUCTION: Ghana has again achieved a landmark success by passing its Petroleum Revenue Management Bill in spite of the delay and highly partisan debate on the bill. What is unique about the passage of the bill is its coincidence with the opening of the 5th Global Conference of the Extractive Industries Transparency Initiative in Paris,...
Ghana’s Parliament on Wednesday passed the controversial Petroleum Revenue Management Bill. The bill, passed after its third reading, was dragged for months by members of Parliament. Before its passage, a former Attorney General and Justice Minister and member for Esikadu/Ketan, Mr Joe Ghartey of the former Kufuor Administration, called for its return to the...
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