VIVO Energy, the company formed by Vitol, Helios Investment Partners and Shell to distribute and market Shell- branded fuels and lubricants across Africa, has acquired majority shareholding in Shell Ghana Limited.
All-Time Capital, a mutual fund established three years ago, has launched a bond fund that targets corporate and individual investors who are conscious of the various risks associated with investments in the country.
The Head of Chambers and lecturer at the Faculty of Law of the University of Ghana, Mr Godwin Djokoto, has urged courts to uphold and give effect to interest rates captured in agreements between borrowers and lenders.
Tanzanian environmental and natural resource lawyer, Dr Rugemeleza Nshala, has called on multi-national companies interested in resources in Africa to ensure that the rules of environmental impact assessment were followed religiously.
Investors from Singapore have strengthened bilateral trade ties with their Ghanaian counterparts following the signing of a Memorandum of Understanding (MoU) and the opening of its Overseas Centre in Accra.
The Association of Ghana Industries (AGI) just like many other individual and institutional borrowers are keeping a keen eye on the impact of the new base rate calculation formula for banks on the future lending rates in the country.
Penplusbytes has published a handbook to serve as a guide for journalists reporting on the oil and gas sector to provide effective media and Civil Society Organisations (CSOs) oversight and ensure good governance.
The handbook is one of the key building blocks of Penplusbytes’ “Empowering the Media to Play an Active Watchdog Role over Ghana’s Oil and Gas Revenues and Resources” project with funding and technical support from STAR-Ghana.
The project aims to improve the coverage of oil and gas stories by the Ghanaian media leading to an increase in the quantity and quality in terms of in-depth and investigative reporting since a knowledgeable media plays a critical role in helping inform and engage citizens, CSOs and parliament to effectively hold government and companies in the sector accountable.
The guide will educate and inform journalists about the chronology of events and the geopolitics surrounding Ghana’s oil and gas exploration, contracts and licensing, the money trail & the economics of oil and gas. Additionally, the media guide will throw more light on environmental issues and the legal and regulatory framework of the oil and gas sector and provide leads and pointers for journalists in their pursuit of promoting and ensuring transparency and accountability of key stakeholders in the sector.
Gifty Sackey, Programmes Assistant at Penplusbytes said “the handbook’s main objective is to provide journalists and other stakeholders with an information and knowledge resource to enable them play and effective watchdog role in Ghana’s oil and gas revenues and resources.”
Apart from this media guide publication, Penplusbytes has organized a training workshop and a field trip for 10 selected Ghanaian journalists to enable them acquire firsthand knowledge of the oil and gas sector, and also understand the pertinent issues regarding the sector to improve on the quality and quantity of oil and gas stories in the media. Penplusbytes also carried out a baseline research to establish the nature of reporting and writing by the Ghanaian media on the sector. The organisation has also deployed an oil and gas website which currently serves as a platform for CSOs and journalists to engage each other and also exchange knowledge and information on the extractive sector for better advocacy on Ghana’s oil and gas resources and revenues.
Future activities planned include forums for CSOs, experts in the industry and journalists to discuss topical issues and set the agenda for transparency and accountability in the sector.