NPA boss to drive downstream optimization dialogue at Africa Energy Week

Dr. Mustapha Abdul-Hamid, Chief Executive of the National Petroleum Authority of Ghana, will be discussing trends across Ghana’s downstream sector at this year’s Africa Energy Week (AEW).

The conference and exhibition will take place from 18 – 21 October 2022, in Cape Town.

Representing one of Africa’s rapidly expanding hydrocarbon markets, Dr. Abdul-Hamid will lead a delegation from NPA at Africa’s premier event for the oil and gas industry, driving critical discussions around boosting investment across the downstream sector, strategies for improving energy security, making energy poverty history and driving socioeconomic development on the back of oil and gas.

Established with the aim of regulating the petroleum downstream industry in Ghana, the NPA governs commercial activities across the sector including the importation and refining of crude oil as well as the sale, marketing and distribution of refined petroleum products. Since its establishment in 2005, the NPA has prioritized efficiency and productivity in Ghana’s downstream sector, paving the way for increased investment as well as the participation of the private sector, resulting in the growth of the market into a $2 billion industry, which represents about 6% of the country’s GDP.

Under the leadership of Dr. Abdul-Hamid, the NPA continues to optimize operations across the oil and gas downstream sector through supervising the acceleration of storage and transportation infrastructure whilst ensuring fair energy trading as the country seeks to become a regional energy hub. With energy poverty increasing across the African continent due to various issues including limited investment in the hydrocarbons sector, the COVID-19 pandemic and global geopolitical tensions, Ghana is one of the African countries at the forefront of maximizing the exploitation of hydrocarbons to address energy access, affordability and reliability constraints.

Ghana’s 0.8 trillion cubic feet (tcf) of gas reserves and 660 million barrels of oil reserves provide an opportunity for the country to address its energy problems and achieve its 2030 target of 100% universal access to electricity. While efforts to maximize the exploitation of local energy resources are underway, the NPA has managed to leverage Ghana’s strategic location, positioning the country as a reliable regional point for energy exportation whilst additionally taking advantage of petroleum imports to secure energy supply and drive economic growth.

At AEW 2022, Dr. Abdul-Hamid will promote investment opportunities across Ghana’s downstream sector, discussing the vital role Africa’s 600 tcf of gas reserves and 125.3 billion barrels of crude oil reserves will play in diversifying the energy mix, securing energy supply and lifting the over 600 million Africans out of energy poverty whilst driving industrialization and positioning the continent ahead of the energy transition.

With African countries optimizing gas production to drive these socioeconomic benefits, Ghana is leading the race, with the country implementing a series of market-driven policy reforms, driving massive oil and gas infrastructure projects. With the NPA overseeing these energy optimization projects including the development of gas processing, storage, transmission and distribution, at AEW 2022, Dr. Abdul-Hamid will provide an update on experiences and innovations from within Ghana that can be replicated continent-wide.

“The Chamber is honored to host Dr. Mustapha Abdul-Hamid at AEW 2022 as we expand on the discussion around how Africa can accelerate investment as well as the exploitation of oil and gas to enhance energy security. The strengthening of Africa’s downstream industry is key to ending energy poverty and for enhancing bilateral trade relations and boosting economic development in Africa,” states NJ Ayuk, Executive Chairman of the AEC, adding that, “We are very impressed with Dr. Abdul-Hamid’s leadership at the NPA in facilitating a resilient downstream sector. This is what Africa needs to achieve energy independence and reliability.”

As the global focus shifts towards cleaner and sustainable energy, the NPA firmly believes in the need to strengthen energy security in Africa, specifically through the maximization of the continent’s oil and gas, so that self-reliance is achieved, and economic development ensured, while at the same time providing capacity to prospect and develop future alternatives. At AEW 2022, Dr. Abdul-Hamid will participate in high-level meetings and panel discussions to drive dialogue around boosting the oil and gas downstream industry for energy security whilst promoting investment opportunities within the Ghana’s hydrocarbons sector.

AEW 2022 is the AEC’s annual conference, exhibition and networking event. AEW 2022 unites African energy stakeholders with investors and international partners to drive industry growth and development and promote Africa as the destination for energy investments. Key organizations such as the African Petroleum Producers Organization, as well as African heavyweights including Equatorial Guinea and Nigeria, have partnered with AEW, strengthening the role the event will play in Africa’s energy future.

Source: Modern Ghana

Fuel prices to go down from August 1

The Head of Economic Regulation at the National Petroleum Authority (NPA), Abass Ibrahim Tasunti, says his outfit is expecting further fuel price reductions at the pumps from August 1 following the reduction in prices of Petrol and Diesel on the World Market.

Abass Ibrahim Tasunti, who was speaking to Citi Business News on the sidelines of an NPA media interaction in Takoradi assured that the NPA would be monitoring the pumps to see if fuel stations are complying with the pricing formula in changing their fuel prices.

“The fuel price changes are influenced by changes of the price on the world market and the exchange rate in particular. We have seen reductions at the pumps in the past one month purely because the world market prices have dropped. In the next window in which we are going into, we have observed that the price of petrol and diesel have gone down again, and therefore we expect some price reductions at the pumps in the next window which starts from the 1st of August.”

“Regarding the level of reduction, because of the deregulated pricing, the percentage changes will vary from company to company. So what we do as regulator is that we will allow the marketer to make their price changes and as we will monitor to see whether they follow the pricing formula in changing their prices“, he said.

Already, the Chamber for Petroleum Consumers Ghana (COPEC) has hinted of a six percent drop in prices at the pumps in the coming days.

Currently, diesel is almost GH¢15 per litre while petrol sells for over GH¢11 per litre at the pumps. Some filling stations over the weekend recorded some marginal price drops.

After a rampant increase in the price of fuel at the pumps, consumers seem pleased with the recent drop in prices at some fuel stations and are hopeful of further reductions in the coming months.

This comes as some Oil Marketing Companies across the country reduced their prices by up to 60p per litre over the weekend.

Source: Modern Ghana

“I think we should start trading on AfCFTA platform” – APN

Trading on the Africa Continental Free Trade Agreement (AfCFTA) must commence immediately if not the momentum demonstrated by the trading public since its establishment and the high expectation might dwindle with time.

Since its take-off in January 2021, not much trading has taken place even though it has the potential to rake in some three trillion dollars for the continent, Mr. Louis Yaw Afful, Executive Director of the AfCFTA Policy Network (APN) who is also a trade practitioner has revealed.

Mr. Afful who spoke on the topic: “the role of the youth in trade, security and maritime under continental trading,” at a forum monitored by the Communication for Development and Advocacy Consult (CDA Consult) in Tema revealed that one of the reasons accounting for the delay has to do with the progress for the finalization of the rules of origin which currently stand at 87.13 percent.

“At 87.13 percent rules of origin, I think we should start trading. Those who are ready should start. When people have anticipation, after a period when their expectations are not met, it dwindles,” he said.

He explained that rules of origin were the criteria needed to determine the nationality of a product, to support preferential trade liberalization.

The APN Executive Director, also supported the call for a single customs union for Africa to support trading efforts within the continent, explaining that talks were underway to establish that as part of the Single Africa Market masterplan stating however that it was unclear when that would be officially established and the accompanying modalities.

He noted that another challenge was customs management and procedures, as party states were supposed to pass their legislative instruments to enforce the agreement, which he noted was however slow.

“Some don’t have legislative instruments to enforce this customs management and procedures around their ports. They will say they have agreed and goods can be traded, but when you go down to the ground you realize that nothing shows they are ready,” he stated.

The trade practitioner: “It is part of the holistic One Africa Market which is in stages. The first is the Free Trade Area where we are, then follows with one Customs Union and then one currency”.

According to him, the vision to have one customs union feeds into the preamble that established the agreement which says there would be customs management and cooperation.

Source: Modern Ghana

Fire guts Mile 7 market in Accra

Fire has destroyed some portions of the Mile 7 Market in Accra.

Details of the cause of the fire are immediately unknown, but officials of the Ghana National Fire Service (GNFS) are on the ground battling the inferno.

GNFS posted photos and videos of the ravaging fire on its social media pages.

Source: Modern Ghana

Do not fear anymore those who rule with wickedness

I. BELOVED COURAGE BROTHER, thus saith the Lord God of Host. It is time to listen to the Word of God and run with it. The WORD of God is our only powerful weapon to defeat the enemy. Therefore, thou saith the Lord to you this day, O my people that dwellest in Zion, be not afraid of the enemy. Children of God wherever you dwell don’t be afraid of the forces working against you. DO NOT FEAR ANYMORE THOSE WHO RULE WITH WICKEDNESS, FOR THEIR END IS NEAR.

II. MY BELOVED COURAGE SISTER, do not tremble by those who smite thee with a rod unjustly. The injustice is about to end, thou saith the Lord. You shall be liberated from that entanglement through the Authority of Christ Jesus. You are about to see the back of the enemy fleeing for the Lord will fight your battle for you. THOU SAITH THE LORD FOR YET A VERY LITTLE WHILE, AND THE INDIGNATION AGAINST THEE SHALL CEASE.

III. DAUGHTER OF ZION, thou saith the Lord God of host my wrath will be directed to their destruction. God is about to direct His anger against your enemies and those who exploit you. God is about to rise up against that persecutor who is tormenting your family. God is about to turn the spells cast against you back to the SENDER. God is about to destroy any earthly altar where your name has been planted which draws you back all the time. YOU SHALL BE LIBERATED THROUGH THE POWER OF THE HOLY GHOST.

IV. PRECIOUS FRIEND don’t be frightened anymore for the LORD of Heaven’s Armies will lash them with his whip, as he did when Gideon triumphed over the Midianites at the rock of Oreb, or when the LORD’s staff was raised to drown the enemies army in the red sea. For these forces you see, pursuing you shall very soon pass away and you shall be ENTHRONED on your rightful throne. This is DIVINE FOOD FOR THE SOUL prepared by Christ Jesus and serve to those under persecution through God’s Vessel Francis Ameyibor, Yes! The day of the Lord cometh when the burdens of your persecutors shall be lifted from your shoulders.

V. 2022 MY EMPOWERED SEASON TO DETHRONE AND ENTHRONED – And it shall come to pass in that day that the yoke of your persecutors shall be removed from off thy neck, and the yoke shall be destroyed because of God’s anointing.

PRAYER: Lord let it be done according to your WORD in my life. Lord lash those who persecute me, turn the burden back to the senders. Lord, I pray that this day through your anointing break that yoke and cloth thy servant with new garments of glory through Christ Jesus’ name I pray AMEN.

Source: Modern Ghana

Judgment day for Canadian girls kidnappers set on November 24

An Accra High Court has set November 24, 2022, to deliver its judgment on the trial of four persons put before it for allegedly kidnapping two Canadian ladies in Kumasi in 2019.

Justice Lydia Osei Marfo, the trial judge, on July 1, 2022, ordered the prosecution and the defence lawyers to file their written addresses by July 28, 2022, to enable it set a date for the judgment.

However, both counsels failed to meet the deadline set by the court although Sefakor Batse, a Principal State Attorney who held brief for Winnifred Sarpong, told the court that the prosecution had filed its 77-page written address and went ahead to show a copy to the court.

The court subsequently set November 24, 2022, to deliver its judgment in the case in which the four have been arraigned for kidnapping the two young ladies and later demanded $800,000 from their parents as ransom. The accused, if found guilty by the court, could face up to 10 years’ imprisonment in hard labour.

Sampson Aghalor, 27, computer engineer; Elvis Ojiyorwe, 27, businessman and Jeff Omarsa, 28, Tiller – all Nigerians and their Ghanaian counterpart Yussif Yakubu, 28, are before the court charged with conspiracy and kidnapping contrary to the Criminal and Other Offences Act.

An all-Ghanaian security operation led by the National Security in June 2019, rescued the two Canadian ladies who were abducted from the gates of their hostel in a Kumasi suburb two weeks earlier.

The kidnapping of the two ladies sparked public outrage in early June last year, and a National Security operation led to the dramatic release of the two ladies and subsequent arrests of eight suspects on June 11, 2019.

Eight persons were initially arrested but four of them were discharged as the prosecution decided to drop all charges against them after reviewing the investigations.

The accused persons are alleged to have demanded a ransom of $800,000 from the relatives of the victims and threatened to kill them if the money was not sent to them. They were said to have also touched the ladies inappropriately and threatened to have sex with them.

In a bid to get the parents to pay the ransom, the accused persons smeared the victims with the blood of a fowl, took pictures of them and forwarded them to their parents.

Source: Modern Ghana

UN Eminent Peace Ambassador pushes for peace after Nungua clash over Odwira

The United Nations (UN) Eminent Peace Ambassador to Ghana, Dr Samuel Ben Owusu, is pushing for peace between the Elders of Nungua and the youth who clashed recently over the Odwira festival.

It was recently reported that the youth of Nungua Amanfa, led by the Council of Elders and the Family Head of the Nungua Amanfa (Omanfna) gate on Friday 21st July 2022 sent Nungua into a state of confusion when they stopped the Nungua Mantse King Odaifio Welentsi Ill from riding in a palanquin through the principal streets of Nungua Old Town to climax the celebration of the Odwira festival.

The elders and the youth who thronged the streets wielding stones and sticks faced off with the youth and Asafoiatsemei from the Sanshie gate of Nungua.

The fuming youth explained to reporters present that, the Odwira festival celebrated by the Nungua Mantse was alien to them as it is not a Gadangme culture.

The people also accused the Nungua Mantse of arrogating the title “Shitse’, a title which is the sole prerogative of the Gborbu Wulomo Shitse on himself.

According to them, to the provocation of the Amanfa people, the Nungua Mantse boldly inscribed the title “Shitse” on banners to publicize an Odwira festival which was instituted some three years ago.

In the end, the youth stopped the Nungua Mantse from going further through the principal streets of the town which resulted in some casualties.

In his quest to ensure peace prevails, the Eminent Peace Ambassador who paid a courtesy call on the Nungua Chief on Thursday, July 28, 2022 expressed belief in the Chief to ensure calm and peace among his people.

“I have been following you for some time and I know the capacity of knowledge and the vast understanding of peace that you have so I know for sure that this will not lead to anything, it will rather come back to the development of our people. The youth needs to understand that whatever we are doing today is what is going to affect our tomorrow, therefore we need to have everything we want to do in peace so that we will not destroy what our fathers built for us,” he said.

Response

Meanwhile, in response, the Nungua Mantse Professor OBoade Notse King Odaifio Welentsi III assured they will do their best to ensure there is peace between his people, acknowledging the fact that violence does not solve problems.

He admitted the youth are supposed to be very vibrant and sometimes do not understand the elderly until they become like them.

Meanwhile, he said whether the youth were ‘wise’ or not, this was not time to show them his authority and what he can do or not, adding that they are his people and so he has to restrain himself from a lot of things to make sure they understand him.

King Odaifio Welentsi III also appreciated the Eminent Peace Ambassador for showing concern and trying to support when he heard about the incident.

Eminent Peace Ambassador

Dr Samuel Ben Owusu expressed hope that the incident would rather draw development to the people of Nungua, noting how far it reached.

He also appreciated the Nungua Chief for admitting to ensure peace between the Elders and the youth and as well ensuring calm was restored even after the incident.

Source: Modern Ghana

Gov’t must clarify inconsistencies in free SHS expenditure – Kofi Asare

The Executive Director of Africa Education Watch, Kofi Asare has bemoaned what he refers to as inconsistencies in the communication strategies for the government’s flagship program, the Free Senior High School Policy.

His comments come after the Finance Minister, Ken Ofori-Atta, indicated that a review of the policy remains a possibility despite stating emphatically that the policy would not be reviewed.

In an interview with Citi News, Kofi Asare said the government must harmonize its position on the policy.

“There is too much inconsistency in communicating on a very important flagship programme. Last week, the Finance Minister was in Parliament and said we have spent GH¢5.3 billion on free Senior High School between 2017 and the end of 2021. Education Minister had said we have spent almost GH¢7 billion.”

“There are so many inconsistencies that are not helping the Ministry of Education, the GES and the Finance Ministry. We must harmonise government position on such important policies like the free SHS programme.”

Amid these inconsistencies, the Member of Parliament for Builsa South, Clement Apaak, has called for an audit into the government’s expenditure on the free Senior High School programme.

Mr. Apaak argues that the conflicting figures on the amount of money spent on the free SHS policy suggest that the government may have diverted some funds allocated for the programme.

He believes a forensic audit into the expenditure on the free SHS programme will settle the confusion about the government’s expenditure on the programme.

“Clearly, something is not right, and to think that he [Finance Minister] announced a figure that is far below what he had reported on different occasions in Parliament clearly confirms my point that there is a need for a forensic audit regarding the financing of the Free Senior High School.”

Source: Modern Ghana