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Petroleum / Mining in Ghana

  • Gas station explosion shakes Ghana’s capital

    GHANA, 2017/10/09 A natural gas station in Ghana’s capital, Accra, has exploded, killing an unknown number of people, a government official said. “Unfortunately there are some fatalities and we are working to have the numbers,” the deputy data minister, Kojo Oppong Nkrumah, told a local radio station. “There are completely a number as well injured.” He said the initial blaze was largely under control and that about 200 police officers had been sent to the scene.
  • Africa rejects Europe's 'dirty diesel'

    BOTSWANA, 2017/05/04 Ghana and Nigeria are the first countries to respond to reports of European companies exploiting weak fuel standards in Africa. Stricter limits on the sulfur content of diesel will come into force on July 1. Governments in West Africa are taking action to stop the import of fuel with dangerously high levels of sulfur and other toxins. Much of the so-called "dirty diesel" originates in Europe, according to a report published by Public Eye, a Swiss NGO, last year. The report exposed what Public Eye calls the "illegitimate business" of European oil companies and commodities traders selling low quality fuel to Africa. While European standards prohibit the use of diesel with a sulfur content higher than 10 parts per million (ppm), diesel with as much as 3,000 ppm is regularly exported to Africa.
  • Beyond Commodities: How African Multinationals Are Transforming

    BOTSWANA, 2016/05/11 Oil, gold, diamonds, palm oil, cocoa, timber: raw materials have long been linked to Africa in a lot of businesspeople’s minds. And in fact the continent is highly dependent on commodities: they constitute as much as 95% of some nations’ export revenues, according to the United Nations Conference on Trade and Development. But propping a country’s entire economy on commodities is risky business, like building a mountainside home on stilts. You can’t be sure about the weather, or in this case the commodities market. The current free-fall of oil prices to less than $40 a barrel is a glaring example. “The commodities cycle has tanked out,” says Austin Okere, founder of Computer Warehouse Group (CWG), a Nigerian emerging multinational financial services company. “And this time it looks additional structural than cyclical, so it’s not a matter of waiting it out. Something has to give.”
  • Dispute between the Ghana government and its Jubilee Partners

    GHANA, 2013/05/29 A dispute has broken out between the Ghana government and its Jubilee Partners (partners working in the country’s major oil field) over the implementation of the Tweneboa, Enyina and Ntumme (TEN) oil block project in the Western Region. Whereas the government demands the Jubilee Partners to drill the Ntumme well for the former to fully assess its commercial viability and risks for the project formerly approving the Plan for Improvment(POD), the latter insists the project has enough economic price for which it should be approved.
  • Global gas consumption to increase by 4% in 2013

    BOTSWANA, 2012/12/25 World gas request is projected to reach 3,460.7 billion cubic meters (bcm) in 2013, constituting an increase of 3.6% from 3,341.4 bcm in 2012. North America's gas consumption is estimate to reach 890.3 bcm in 2013, equivalent to 25.7% of world request. It would be followed by Asia & Australia with 720.8 bcm (20.8%), Eastern Europe & the Commonwealth of Independent States with 587.4 bcm (17%), Western Europe with 533 bcm (15.4%), the Middle East with 445.7 bcm (12.9%),
  • Corporate Social Responsibility Not Panacea for Development 2012-11-15

    GHANA, 2012/11/15 The mining industry has, and continues to experience increasing growth, however, the industry is still being publicly accused of not stimulating corresponding beneficial impacts for the country, especially within the local communities that host mines. But, Dr. Tony Aubynn, Chief Executive Officer (CEO) of the Ghana Chamber of Mines, has explained that Corporate Social Responsibility (CSR) was not a panacea for development in the communities in which mines operate.