7th April, 2022 The Ministry of Energy has reacted to a recent comment by Dr. Kwabena Donkor, a former Minister of the sector, that the power outage crisis popularly referred to as "dumsor" will return if urgent steps were not taken. In a press statement dated April 7, 2022, issued by the...
Tariff increase not an option for ECG – Energy Minister
20th April, 2022 The Minister of Energy, Dr. Matthew Opoku Prempeh, has indicated that tariff increases for the Electricity Company of Ghana are not an option for now. Rather, he said, the company was being encouraged to cut down on its losses as well as put in the necessary mechanisms...
GH¢3.2bn losses weigh heavily on ECG
20th April, 2022 Technical and commercial losses of about GH¢3.2billion are threatening the future of the state-owned power utility, Electricity Company of Ghana (ECG), and the electricity value chain, says Energy Minister Dr. Matthew Opoku Prempeh. The company’s losses in current exchange terms amount to over US$400million and stem from...
Opoku-Ahweneeh Danquah takes over as GNPC CEO from Dr. K.K Sarpong
21st April, 2022 The Deputy Chief Executive Officer at the Ghana National Petroleum Corporation (GNPC), in charge of Technical Operations, Opoku-Ahweneeh Danquah, has taken over from Dr. Kofi Koduah Sarpong as the new chief executive officer of the company. Dr. K.K Sarpong is expected to step down as the chief...
AfDB committed to energy projects – Dr. Kevin Kariuki
21st April 2022 The African Development Bank (AfDB) remains committed to financing gas projects for energy generation in Africa, the Vice-President for Power, Energy, Climate, and Green Growth at the bank, Dr. Kevin Kariuki, has said. Despite a global campaign against investment in fossil fuels, he said, the development bank...
Ten energy sector SOEs make GH¢9bn losses in 3yrs as ACEP bemoans threat to economy
29th April 2022 Ten State-owned Enterprises (SOEs) operating in the energy space recorded cumulative losses of GH¢9billion within three years. The sector’s SOEs recorded losses of GH¢3.7billion in 2018, GH¢2.9billion in 2019, and GH¢2.5billion in 2020 – with Electricity Company of Ghana (ECG), Tema Oil Refinery, Valco, and Northern Electricity...
PURC begins stakeholder engagement in Tamale over installation of new split smart meters
29th April 2022 The Public Utilities Regulatory Commission (PURC) has begun engagements with key stakeholders within the Tamale metropolis to ensure a smooth installation of split smart meters by the Northern Electricity Distribution Company (NEDCo). Residents of Tamale, particularly Koblimahagu earlier resisted the installation of these meters leading to...