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US Embassy to Assist Ghana in Renegotiating ECG Privatisation Deal

The US Embassy has pledged its support to Ghana in renegotiating the ongoing ECG (Electricity Company of Ghana) privatization deal. This collaboration comes as Ghana looks to address concerns and improve terms that better serve the nation's energy needs.The embassy's involvement is part of broader efforts to ensure that Ghana's strategic energy assets are managed effectively and that the privatization process aligns with the country's long-term goals for sustainable energy distribution. The move also reflects growing international attention to Ghana's energy sector and its potential for growth.

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Fuel Crisis Secrets: Jinapor Exposes NPP’s Last-Minute Handover

John Abdulai Jinapor, Member of Parliament for Yapei Kusawgu, has accused the outgoing New Patriotic Party (NPP) administration of withholding critical information about fuel shortages from the incoming National Democratic Congress (NDC) team during the transition process. Jinapor, who was co-opted into the Energy and Natural Resources Subcommittee, claims the NPP failed to reveal the dire state of Ghana's fuel reserves until late December 2024, preventing early action.In an interview with Joy FM, Jinapor explained that the lack of transparency led to an emergency meeting, where the fuel shortage risks were identified just weeks before the handover. Despite assurances from the outgoing Energy Minister, Herbert Krapa, to address the issue, Jinapor argues the delay could lead to power outages. Meanwhile, Krapa insists adequate fuel stocks were handed over, sparking a heated exchange between the two parties.Jinapor defended his decision to […]

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ECG Denies Reports of Power Plant Scale-Down.

The Electricity Company of Ghana (ECG) has refuted recent claims that power plants supplying electricity to the company are scaling down their operations. In an official statement, ECG described these reports as "totally false" and urged Ghanaians to disregard the misinformation.The company assured the public of its commitment to reliable and stable power supply nationwide, emphasizing its ongoing collaboration with power producers and Independent Power Producers (IPPs) to address operational challenges promptly. ECG called for calm and trust in its operations, pledging uninterrupted service to its customers.This reassurance comes amidst rising concerns about power stability in the country. The ECG has reiterated its dedication to ensuring steady electricity supply while actively resolving any emerging issues.

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Call for Action to Address Ghana’s Stagnant Oil Sector.

Industry experts and stakeholders are urging the Ghanaian government to take decisive action to revitalize the country’s stagnant oil sector. Despite Ghana being an oil-producing nation since 2010, the industry has faced numerous challenges, including declining production rates, regulatory hurdles, and inadequate infrastructure.Recent reports indicate that oil production in Ghana has significantly dropped, raising concerns about the country’s ability to meet its revenue targets from the sector. The Ghana National Petroleum Corporation (GNPC) has acknowledged the need for reforms to attract foreign investment and stimulate growth.In response to these challenges, experts are advocating for a comprehensive review of existing policies and regulations. They suggest that the government should prioritize the development of local content policies, improve the investment climate, and enhance capacity building within the sector. Moreover, there is a call for increased collaboration between the government and private companies […]

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