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...
We Cannot Risk Stranded Oil Assets in Energy Transition- Deputy Energy Minister
1st March 2022 Deputy Energy Minister, Hon. Andrew Egyapa Mercer has stated that it is important for Ghana to consider several important factors in the global conversation about energy transition, lest the country risk sitting on stranded oil assets that are key to our development agenda. He made this call...
Over ¢6 million stolen power retrieved – Tema ECG
3rd March 2022 The Tema Region of Electricity Company of Ghana (ECG) in its vigilance retrieved GH¢6.2 million for power theft in 2021. The region last year doubled its efforts in recovering every pesewa to help reduce commercial losses and improve revenue collection of the company. In an interview...
Expo 2020: Energy Minister woos investor
8th March 2022 Matthew Opoku Prempeh The Minister of Energy, Dr. Matthew Opoku Prempeh, has urged business leaders and decision-makers to come and invest in Ghana’s energy sector. Speaking at the Energy Investment Forum organized by the Ministry of Energy on the sidelines of EXPO 2020 in Dubai, United Arab...
ECG Managing Director has attained retirement age, remove him – Workers Union
16th March 2022 Some workers of the Electricity Company of Ghana are calling for the removal of the Managing Director, Kwame Agyeman-Budu. According to union workers of the ECG under the Trade Union Congress, Kwame Agyeman-Budu has allegedly attained the mandated retirement age of 60 hence his contract as MD...
Lack of investment in oil fields limiting oil production – CEO of Tullow
18th March 2022 The Chief Executive Officer of Tullow Oil PLC, Rahul Dhir, has lamented the lack of investments in the oil industry. According to him, this is limiting the production of oil at the Jubilee and TEN oil fields. In an interaction with the media, he stated that: “Because...