With mining activities in place for more than 120 years, Ghana is the most explored country in West Africa. Given that its mountains and forests have been well trodden by geologists, it is unsurprising that greenfield investment has been modest in recent years. This is in contrast with the success of Ghana’s neighbouring countries, which are...
For more than 150 years the mining industry has been one of the key pillars of the Ghanaian economy. While it contributes a modest and – as a result of rising oil, gas and agricultural production – declining proportion of GDP, it remains a major source of government revenue, through taxation and royalty payments, and an indispensable driver of...
Low oil prices have had a significant impact on producers. According to a 2015 study by consultancy Wood Mackenzie, following the price drop, well over $200bn in spending on oil and gas projects around the world has been deferred, and roughly 250,000 industry employees globally have lost their jobs. This has been magnified in commodity-...
Even amid the low global oil price environment, Ghana’s energy sector continues to evolve in a positive fashion, with deregulation implemented in the downstream sector and two new oil and gas fields coming on-line. The long-awaited benefits of the country’s oil and gas reserves are also beginning to be felt by the power sector, with the...
Ghana’s current energy shortage and the effects of climate change on a number of sectors are driving the exploration of renewable energy use. Since the country’s electricity needs currently exceed existing supply, and electricity and gas tariffs are increasing, the government is encouraging the diversification of its energy sources, creating a...
What role will coal play in Ghana’s energy mix?
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