Medea Development News Today

Ghana's hopes for four wells to be drilled this year may be dashed, while questions mount over a GNPC unit's revenue payments.

10 IOCs Owe Ghana $2.77m Rental Fee Arrears

Oil companies owes govt $ 2.1 million in Surface Rental payments June 1, 2021 Surface Rental payments to the government by companies in the petroleum sector in 2020 remain in arrears to the tune of $2.1 million, the Public Interest and Accountability Committee (PIAC) 2020 Annual Report, has said. The PIAC Report said the 2020 arrears represent a 34.71 per cent increase over the 2019 arrears of $1.57 million. The report indicated that the non-payment of the surface rentals denied the Petroleum H...

Ghana-Press-Review June 01, 2021 to 10:43 105 APA – Accra (Ghana) The report that the Bank of Ghana has slashed its benchmark rate, the policy rate by 100 basis points, signalling a return to monetary easing after a year of tightening and the assurance by the European Union not to place a ban on the purchase of cocoa from Ghana because of child labour claims are some of the leading stories in t...