The Institute for Energy Security (IES) is predicting that the current freefall of the local currency will shoot the prices of fuel beyond 5 cedis per litre, explaining that world oil prices will be the catalyst on whose back the fuel hikes will come. A statement issued by the energy think-tank and signed by Mikdad […]
Tag: Ministry of Energy
Confirmed: October 5 set for launch of Competitive bidding for oil blocks
The first-ever competitive bidding for the allocation of oil blocks to companies in the petroleum upstream sector will be launched on October 5, this year. The new regime, which is in compliance with the new Petroleum Exploration and Production Act, 2016 (Act 919) and the law on local content, is a departure from the previous […]
We did not publish rent allowance story – Vanguard Newspaper to Hassan Tampuli
Chief Executive Officer of the National Petroleum Authority, Hassan Tampuli has indicated that he has received communication from the Editor of the Vanguard Newspaper, the paper that is said to have published an article accusing him of paying himself some 1.5 million Ghana Cedis as rent allowance for one year.
NPA rebuts rent allowance allegations against its CEO
The National Petroleum Authority has rebutted allegations that its Chief Executive Officer, Hassan Tampuli has caused the Authority to pay him a whopping 15.5 billion cedis (Old Currency) as rent allowance for one year.