Day: August 5, 2021

A former Energy Minister under the first administration of President Akufo-Addo, Mr Boakye Agyarko says he is in favour of a thorough investigation into the circumstances that resulted in the award of $170 million judgement debt payment against Ghana.

Commercial Division of the Accra High Court has dismissed an application by Power Distribution Services (PDS) challenging the cancellation of its operating licences following the termination of a concession agreement for it to manage the assets of the Electricity Company of Ghana (ECG).

Embattled electricity distribution company, PDS Ghana Limited, is heading to London-based International Trade Arbitration for settlement after the Ghana-government terminated the concession agreement signed with the country’s southern electricity distribution company, ECG, energynewsafrica.com can report.

se of Natural Resources & Energy Financing (SUNREF), a green finance label developed by l’Agence Francaise de Developpement (AFD) and supported by the European Union (EU), has launched its energy financing programme for Ghana at the Alisa Hotel in Accra.

Energy Minister, Dr Mathew Opoku Prempeh, says the Ghana Gas Company avoiding running into debt and ensuring liquidity of the company in its operations and other financial obligations will remain his topmost priority. 

A High Court in Accra, capital of Ghana, has ordered the Bulk Oil Storage and Transportation (BOST) to pay a total of GHS9,962, 118.84 to Hask Oil Company Limited as interest accrued on a bank facility the company took while its products were in the custody of BOST, the defendant