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The Energy Minister, has therefore confirmed that the current administration would discontinue the Gold-for-Oil programme and replace it with a better system.

Tullow Ghana, together with its partners, has commenced a 4D seismic survey across the Jubilee and TEN fields, in a significant step towards enhancing its drilling activities for this year and beyond. The survey, which began earlier this month, is set to run for approximately 45 days, concluding in early March 2025. The survey will aim to identify the optimal areas for Tullow’s next drilling campaign, ensuring sustainable and efficient resource development.Ghanaian travel experiences The programme is spearheaded by Norwegian firm Shearwater GeoServices, renowned for its expertise in marine seismic operations. Shearwater’s advanced vessel, the SW Duchess, is equipped with…

Power Systems Economist and Chief Executive Officer of the Chamber of Independent Power Producers (IPPs), Dr. Elikplim Kwabla Apetorgbor has called for urgent reforms to address inefficiencies that threaten the country’s energy security and economic growth. According to him, the Electricity Company of Ghana (ECG) faces mounting pressure to modernise its operations, with system losses currently pegged at 20%.Ghanaian-themed art In an article on the state of ECG’s infrastructure, Dr. Apetorgbor noted that more than 30% of the company’s assets have been in use for over three decades, contributing significantly to operational losses and frequent outages. He proposed a phased…

UT Bank and GN Bank may soon re-enter Ghana’s financial landscape, Senior Partner at AB & David Africa, David Ofosu Dorte has predicted.  This he says marks a potential shake-up in the country’s banking sector.Ghanaian culture-inspired products Speaking on the evolving financial market at the 2025 Crystal Ball Event, Ofosu-Dorte predicted that at least, one of the two defunct banks could regain its operating license in the near future. “UT Bank and GN Bank—one of them will get their license back,” he stated, adding that this move could signal a broader shift in Ghana’s banking ecosystem. In addition to this…

The Acting Director-General of the Ghana Maritime Authority (GMA), Captain Dr. Kamal-deen Ali has pledged to build upon the strong foundation established by his predecessor. Captain Ali expressed his commitment to advancing the Authority’s objectives and ensuring continued growth in the maritime sector. Speaking during a brief handover ceremony in Accra, Captain Dr. Ali commended the immediate past Director-General, Thomas Alonsi for his six years of leadership and the significant achievements made during his tenure.  Eco-friendly travel packages Captain Ali emphasised his readiness to work with the GMA team to further revamp the maritime industry. “It is an honor…

Ghana’s overall customer satisfaction score declined slightly to 72% in 2024, down from 73.94% in the previous year. This is according to the latest Ghana Customer Service Index (GCSI). Despite the dip, the country maintained a B grade in customer satisfaction. The report, which evaluated 11 key industries, highlighted the transportation sector as the best performer with an 86% satisfaction rating.Eco-friendly travel packages Meanwhile, the utilities sector ranked lowest with a score of 55%, underscoring disparities in service delivery across sectors. The 2024 survey, which analyzed feedback from over 2,400 respondents across Accra, Kumasi, and other regions, assessed metrics including…

Vice President, Professor Naana Jane Opoku Agyemang says Africa’s economic future hinges on deeper regional integration, as it remains the key to unlocking sustainable growth and shared prosperity. Delivering the keynote address at the 2025 Africa Prosperity Dialogues, Professor Opoku- Agyemang opined that the success of the African Continental Free Trade Agreement (AfCFTA) depends on seamless connectivity, infrastructure development and policy alignment among member states. She urged African leaders to prioritise investments that will break trade barriers, foster industrialisation and create a unified market capable of competing on a global scale. ”Africa’s fragmented market is…

Ghana generated $517 million in crude oil revenues during the second half of 2024. This is according to the Bank of Ghana’s latest Ghana Petroleum Funds Report for the period ending December 31, 2024. The report reveals that $369 million was accrued from crude oil liftings at the Jubilee, TEN and Sankofa Gye Nyame oil and gas fields, with the liftings occurring between July and October.Authentic Ghanaian cuisine recipes The upstream petroleum sector contributed $144 million in corporate taxes, while Planet One Oil and Gas Limited paid $74,000 in surface rental fees. Additionally, $3.67 million was earned from interest accrued…

The Ghana Investment Promotion Centre (GIPC) has announced the appointment of Dr Bernice Makafui Brempong as its new Chief Executive Officer, effective January 29, 2025. She succeeds Yofi Grant, who served in the role until December 30, 2024. GIPC in a statement released on Wednesday, January 29 noted that Dr Brempong, a results-driven professional with a distinguished track record in business development, healthcare, and strategic partnerships, brings a wealth of experience to her new role. She holds a Bachelor of Pharmacy from the University of Ghana’s School of Pharmacy, a Master of Science in Entrepreneurship from University College London, and…

The Bank of Ghana (BoG) has assured that it will ensure banks with capital shortfalls comply with their recapitalisation commitments to strengthen solvency in the sector. This comes amid stronger-than-expected economic growth and an overall improvement in macroeconomic conditions, which have had a positive impact on the banking industry. In its January 2025 Monetary Policy Report, the central bank stated that supervisory measures will be intensified to address the high Non-Performing Loans (NPLs) ratio, which remains a risk to the industry’s stability. It further noted that improved domestic macroeconomic conditions are expected to enhance the debt repayment capacities of…