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Newmont to increase Ahafo Mine gold production

Newmont Gold Ghana Limited (NGGL) plans to expand mining and processing of its Ahafo Mine project in the Brong Ahafo Region from the current annual production volume of between 300-330,000 ounces to about 400-500,000 ounces. The expansion has the potential to increase mill capacity from 7.5 million tonnes per annum to 12 million tonnes per […]

May 21, 2015 | Read more
Ghana is fifth most attractive destination to infrastructure investors, PwC report says

Ghana is the fifth country in Africa that has great opportunities for infrastructural investment, given the gaping gap in infrastructural delivery. The country’s infrastructure and capital project financing totalled $590 million for the last 10 years and it is expected to rise by eight per cent every year and reach $12 billion in new financing […]

May 21, 2015 | Read more
Petroleum Commission advised to establish online repository

The Petroleum Commission has been advised to urgently set up an online repository where information on upstream petroleum blocks could be accessed. The Petroleum Commission is the upstream regulator of Ghana’s petroleum sector. It is mandated to regulate, manage and co-ordinate all activities in the upstream petroleum industry for the overall benefit and welfare of […]

February 23, 2015 | Read more
Disclose contents of oil, gas contracts – IEA

The Institute of Economic Affairs (IEA) has urged the government to publish information on oil and gas contracts as well as improve on the process of licensing oil companies. Speaking at a news conference in Accra yesterday to launch a monitoring report on the management of Ghana’s oil and gas resource, a visiting fellow of […]

February 20, 2015 | Read more
Reserve small-scale gold mining for Ghanaians

The Managing Director of Precious Minerals Marketing Company Limited, Mr George Abradu-Otoo, has asked the government to reserve the small-scale gold mining industry for Ghanaians. Justifying his call, he said, unlike the foreigners who had flooded the sector, Ghanaian companies in that area would not repatriate their earnings from the trade to a foreign country. […]

February 20, 2015 | Read more
NPA settles Ghc412m debt owed BDCs

The National Petroleum Authority has settled the Ghc412 million debt owed the Bulk Oil Distribution Companies(BDCs), according to National Petroleum Authority (NPA). The amount covers the last of debt owed the companies. Last year, the authority paid Ghc200 million out of its Ghc412 million debt owed the BDCs. The monies used for the part payment […]

February 19, 2015 | Read more