Business
GNPC debt blamed on activities beyond mandate – PIAC
Coordinator for the Public Interest and Accountability Committee (PIAC), Isaac Dwamena, has stated that a major action that has plunged the Ghana National Petroleum Company (GNPC) into its current debt is that they engage in activities other than their constitutional mandate. He stated that the current situation sees GNPC shouldering responsibilities that traditionally fall under […]
The post GNPC
Business
Energy Expert criticises NPA for reintroduction of Price Stabilisation Recovery Levy
Energy Analyst and CEO of Euroka Energy Solutions, Dr Yussif Sulemana has taken a swipe at the National Petroleum Authority (NPA) for reintroducing the Price Stabilisation Recovery Levy in the price build-up. To him, this is not the best decision to take at this time of rising fuel prices. The NPA in a letter dated […]
The post Energy Expert criticises NPA for
General
GNPC leaders inspect progress of work at new Takoradi Office
The Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC), Opoku-Ahweneeh Danquah, alongside a delegation of board members and management, has inspected the Corporation’s state-of-the-art Operational Head Office in Takoradi, Western Region. Reflecting on the visit, O-A Danquah expressed satisfaction with the current state of the nearly completed facility and emphasized its strategic […]
The post GNPC
Featured
Fuel prices likely to be maintained in April first pricing window – COPEC
Prices of fuel at the pumps across the country are projected to be maintained in the first pricing window in April 2024. Projections for April’s first pricing window made by the Chamber of Petroleum Consumers (COPEC) is pegging a litre of petrol at GH¢13.41, “baring any universal changes in Petroleum prices of $874.09/MT for petrol […]
The post Fuel
Business
Tanzanian energy regulators understudy NPA’s operations
A Tanzanian delegation was in the country to understudy the operations of the National Petroleum Authority (NPA) in the petroleum downstream sector. The five-day visit by officials from the Tanzanian Ministry of Energy and the fuel agency was focused on NPA”s effective regulation and administration of the petroleum downstream, which according to them, proved to […]
The post Tanzanian
Featured
Freddie Blay defends GNPC allowance hikes, Calls increases “reasonable”
The Board Chairman of the Ghana National Petroleum Corporation (GNPC) Freddie Blay has clarified that allowance increases for GNPC management were reasonable and approved by the corporation. The former NPP National Chairman refuted the notion that the increases were exorbitant, emphasizing that they were implemented two years ago, not in 2024 as suggested by North […]
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News
GNPC responds to unfounded allegations against leadership
The Ghana National Petroleum Corporation (GNPC) staunchly rejects the unfounded allegations circulating in various media outlets, asserting internal dissent against its leadership. Contrary to rumors, GNPC notes that there is no dissent or demonstrations against the leadership. Both staff and management remain united, fostering a culture of collaboration, mutual respect, and unwavering dedication to the […]
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Business
GNPC dismisses allegations against its leadership
The management of the Ghana National Petroleum Corporation (GNPC) has dismissed allegations of dissent against the organization’s leadership describing them as unfounded. Reports had surfaced claiming a potential demonstration against management following alleged efforts by the Chief Executive Officer, A-O Danquah, to increase his salary. However, in a statement jointly issued on Tuesday, March 12, […]
The post GNPC
Headlines
Veep meets members of Ghana Upstream Petroleum Chamber
Members of the Ghana Upstream Petroleum Chamber have held a breakfast meeting with the Vice President Dr. Mahamudu Bawumia to inform him of the challenges facing the sector and discuss how the industry might collaborate with government to address them. In a presentation to the Vice President and his team, the Chamber provided an overview […]
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Business
GNPC equips 166 artisans with start-up tools
The Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC), Opoku Ahweneeh Danquah, has explained that the overarching measure of the Corporation’s success is the degree to which its activities accrue benefits to Ghanaians. Speaking at the graduation ceremony organized by the GNPC Foundation for 166 artisans trained and certified under its ‘Skilled […]
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Headlines
ARDA, OPEC and co to deliver robust intra-African oil and gas industry – Dr. Abdul-Hamid
The President of the African Refiners and Distributors Association (ARDA) and Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has reiterated ARDA’s commitment to work with the Organization of the Petroleum Exporting Countries (OPEC), the African Petroleum Producers’ Organization (APPO) and the African Union Commission (AUC) to deliver a sustainable intra-African oil […]
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Business
Ghana’s oil revenue dropped to $521m in second half of 2023
The latest Ghana Petroleum Holding Fund (PHF) semi-annual report, released by the Bank of Ghana, shows that the country received over $521 million into its Petroleum Holding Fund (PHF) for the second half of 2023. However, this amount represents a decrease compared to the US$696.82 million petroleum receipts recorded during the same period in 2022. […]
The post Ghana’s
Business
Tax collection challenges in downstream petroleum sector
…the facts SML discussions ignore Until mid-December last year, Strategic Mobilisation Ghana Limited (SML) was like any ordinary business in the country – judiciously deploying its skills and talents in the concerted effort of nation building. Except for a few publications, mostly on its numerous corporate social responsibility (CSR) activities, the indigenous business quietly worked […]
The post
Opinion
Tax collection challenges in downstream petroleum sector [Article]
Until mid-December last year, Strategic Mobilisation Ghana Limited (SML) was like any ordinary business in the country – judiciously deploying its skills and talents in the concerted effort of nation-building. Except for a few publications, mostly on its numerous corporate social responsibility (CSR) activities, the indigenous business quietly worked with state agencies to account for […]
The post Tax
![Tax collection challenges in downstream petroleum sector [Article]](https://citinewsroom.com/wp-content/uploads/2024/01/Figure-1-–-Traded-NPA-and-Taxable-GRA-Volumes-–-Jan-to-Apr-2020.webp)
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