Browsing: Mining & Energy

But the former National Petroleum Authority boss has described the deal as a ‘zero sum game’.

Precisely, between 10th and 12th of January, the first consignment of the finished product is going to arrive in this country coming from the United Arab Emirates. All the necessary agreements needed have been executed.

According to him, the move is subject to the board’s approval, with the expectation that the assignment of interest will be completed by the end of the year.

At the summit, US President Joe Biden announced of about US$55 billions of dollars in new funding for Africa.

According to him, the decision to achieve 50 per cent LPG penetration with the introduction of the Cylinder Recirculation Module (CRM) will be achieved if the taxes on the products are removed.

Fuel prices at the pumps have started coming down although slower than expectations of some downstream petroleum sector think-tanks.

As government keeps innovating ideas to tackle the perennial depreciation of the local currency against the international trading currencies (especially, US dollar), a negotiation to allow importers use gold to pay for imported petroleum products is ongoing.

The amount is in return of some ten million tons of carbon dioxide emissions expected to be reduced by 2024 within a six million hectare stretch of the West African Guinean Forest.

Key stakeholders in the energy sector have given a strong swap at government’s statement that, it has sent delegation to United Arab Emirate to negotiate a cheap fuel deal for Ghana.

Alexander K. Mould believes the structural problem of making forex available can be addressed by streamlining the process by BoG working with NPA to make foreign currency available to the commercial Banks of the BDCs;