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News Review : 700, Ghanaian businesses have in the past 10 years registered with the Petroleum Commission.

On Wednesday, Starrfmonline “Fuel prices to drop again in October”. According to the portal consumers are expected to pay less at the pumps in the second pricing window of October. This is according to the Institute of Energy Security (IES) who have predicted a reduction in fuel prices of up to three percent.

“Road show for energy bond starts tomorrow” was also reported by Citibusiness online. It further explained that Government will tomorrow Thursday, October 19th, 2017 begin a road show for the energy sector bond, which will be used to clear the energy sector debt. The show will commence in London on Thursday and there will be another in Accra on the 23rd of October, 2017. The 2.5 billion dollar bond which will be auctioned in tranches will start with a first tranche of 6 billion cedis, which translates to about 1.3 billion dollars

The Business and Financial times also disclosed “Gov’t committed to supporting training institutions in the Petroleum sector – Dep.Energy Min”The Deputy Minister of Energy in charge of petroleum, Hon. Dr. Mohammed Amin Adam has affirmed Government’s commitment to support institutions that trains Ghanaian workforce to operate in the Oil and Gas industry. Dr. Amin Adam, made this known when he paid a working visit to the Regional Maritime University (RMU) in Accra to, amongst other things, get himself acquainted with the activities of the university, interact with university authorities and inspect engineering equipment procured and installed by the Oil and Gas Capacity Building Project (OGCBP) for RMU.

The Finder news portal further reported “ITLOS deal sealed”. The two governments yesterday signed three Memoranda of Understanding (MoUs) and one strategic agreement on various sectors of co-operation, as well as the way forward for the implementation of the ruling. Ghana and Ivory Coast established a joint committee to oversee the implementation of the recent judgement by the International Tribunal of the Law of the Sea (ITLOS), over the two countries’ maritime border dispute. The agreements were reached as part of events marking the two-day visit by the Ivorian leader to Ghana.

The wireless state owned media also revealed “700 Ghanaian businesses registered with Petroleum Commission”.  Reporting a statement made by the Executive Director of Africa Centre for Energy Policy, the news portal said more than 700, Ghanaian businesses have in the past 10 years registered with the Petroleum Commission.

 

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Jacqueline Parditey

Jacqueline is a graduate with a Degree in Communication Studies from the Ghana Institute of Journalism (GIJ). She is a Project Associate currently working with the Oil, Gas and Mining projects team at Penplusbytes.
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