With the era of oil and gas under way in Ghana, the country’s legal and regulatory regime is still evolving and the roles of state agencies are changing. Yet amid the reforms the Ghana National Petroleum Corporation (GNPC), which is now more than three decades old, will continue to play a major part. GNPC is mandated to incorporate other...
Energy sector revenue management has been a legislative priority for the Ghanaian government since 2007, when commercial quantities of oil were discovered offshore. The government started with a revenue management act, called the Petroleum Revenue Management Act of 2011 (PRMA). The PRMA is likely to be amended, given the difficulties involved...
Ghana’s energy sector is both young and growing fast, with a second major oil and gas field set to commence production in 2016 and a third to follow soon. Legal and regulatory regimes are still being established, while improvements are being made to infrastructure to catch up with a rise in demand. This will alleviate obstacles to the use of...
Ghana’s legal and regulatory regime for local content came into force in February 2014, setting in motion a process designed to retain as much value from the energy sector as possible. The country has a goal of attaining 90% local participation in all aspects of the sector by 2020. This would put it at the heart of a trend in the region and...
Based on what is currently in the pipeline, Ghana could potentially face a glut of power in less than a decade. While not every project may make it from proposal to reality, there are nonetheless 22 entities with provisional licences to build conventional plants, and another 33 with similar permits to develop renewable energy facilities,...
Ghana’s downstream sector is going through a period of flux, with the most significant change of recent months coming in June 2015, when the government decided to give more control to market participants to set prices for consumer fuels. The gradual removal of control over downstream markets has long been in the making – and is in line with...
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