The Minority in Parliament is demanding the resignation of the Finance Minister Ken Ofori-Atta following CHRAJ’s declaration that several statutory regulations governing issuance of bonds were breached in the issuance of the $2.25 billion bond.
The Minister of Energy Boakye Agyarko has disclosed that government is planning on building a new oil refinery at the cost of $4 billion.
A deputy Energy Minister Mohammed Amin Adams has reiterated the assurance by government that the shutdown of the FPSO Kwame Nkrumah will not affect power supply in the country.
Petroleum Price Increases Across Ghana, Premix And Energy Bonds; Calls For Review
The Monetary Policy Committee of the Bank of Ghana on Monday announced its decision to maintain the monetary policy rate at 20%.
The country’s total debt stock reached ¢138.8 billion as of November 2017 according to the latest Bank of Ghana economic and financial data report.
President Akufo-Addo has lauded an agreement signed between the Ghana National Petroleum Corporation (GNPC) and US oil company, ExxonMobil.
The Ministry for Fisheries and Aquaculture Development, has terminated its contract with some Oil Marketing Companies over their involvement in the diversion of premix fuel across the country.
Lithium, which is among the top 10 most expensive minerals in the world was discovered in the Volta Region by the Minerals Commission.
The Energy Ministry has denied reports suggesting that fuel prices at the pumps have shot up by 4%.