Previously dominated by multinational firms, Ghana’s oil distribution and retail sector, consisting mainly of bulk delivery companies (BDCs) and oil marketing companies (OMCs), has seen a dramatic rise in domestic participation in recent years. Prior to having its own crude processing facilities before the commissioning of the Tema Oil Refinery (TOR) in 1960, Ghana was fully...
According to the World Bank’s 2013 Ghana energy report, $4bn of investment is needed over the next decade to compensate for previous investment lags in power generation, transmission and distribution infrastructure. Estimates for annual power demand growth range from 8% to 12%, meaning there is certainly a market for new power generation. To avoid unduly impacting the...
Discoveries of new elephantine deposits of hydrocarbons in South America and East Africa in recent years have tended to overshadow developments along Africa’s oil-producing Western coast, but new discoveries in deep offshore areas along the coast of countries like Ghana, Nigeria, Gabon and Equatorial Guinea offer significant promise. While OPEC’s two sub-Saharan members,...
Infrastructure development is of the utmost importance to fuel sub-Saharan Africa’s economic growth. Nowhere is the need for expanded infrastructural capacity more important or more visible than in the area of power production, particularly in generation and distribution. The hum of diesel generators from Lagos to Nairobi is a constant reminder of the poor state of the...
The governing legislation for Ghana’s hydrocarbons sector was first passed in 1984, at a time when production was minimal. As a result, the discovery of far larger reserves and production potential in 2007 necessitated an overhaul of the country’s regulatory framework to accommodate everything from new revenues to environmental oversight. “Collectively, the legislation...
Roughly seven years after the discovery of oil, Ghana’s hydrocarbons sector has seen significant growth in terms of both production and infrastructure. Yet the industry is still very much a work in progress, with potential for investment across the value chain. The past few years have been busy ones, as the country needed to create an enabling environment for the sector from...
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