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Ghana offers attractive upstream alternative to East Africa dominion

Download logo For the last two decades, Africa has been considered the new frontier of oil and gas exploration, with many of the major global petroleum companies scrambling to acquire assets in an as-yet undeveloped reserve of natural resources which are crucial to the way we live our lives today. While the East African powerhouse […] ....

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Oil companies owes govt $ 2.1 million in Surface Rental payments


Oil companies owes govt $ 2.1 million in Surface Rental payments
June 1, 2021
Surface Rental payments to the government by companies in the petroleum sector in 2020 remain in arrears to the tune of $2.1 million, the Public Interest and Accountability Committee (PIAC) 2020 Annual Report, has said.
The PIAC Report said the 2020 arrears represent a 34.71 per cent increase over the 2019 arrears of $1.57 million.
The report indicated that the non-payment of the surface rentals denied the Petroleum Holding Fund of the needed revenues for development projects.
Against this backdrop, the PIAC recommended that the Ghana Revenue Authority, should, as a matter of urgency, initiate action to recover surface rental arrears with the appropriate interest as recommended by the Petroleum Revenue Management Act. ....

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Ghana: Press focuses on slash in benchmark rate, others


Ghana-Press-Review
June 01, 2021
to
10:43
105
APA – Accra (Ghana)
The report that the Bank of Ghana has slashed its benchmark rate, the policy rate by 100 basis points, signalling a return to monetary easing after a year of tightening and the assurance by the European Union not to place a ban on the purchase of cocoa from Ghana because of child labour claims are some of the leading stories in the Ghanaian press on Tuesday.
The Graphic reports that the Bank of Ghana (BoG) has slashed its benchmark rate, the policy rate by 100 basis points (bps), signalling a return to monetary easing after a year of tightening. ....

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