7 d. ago IMANI Warns Government Against Springfield Afina Acquisition Without Independent Assessment

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/imani-warns-government-against-springfield-afina-acquisition-without-independent-assessment/Policy think tank IMANI Africa has cautioned government against proceeding with a state acquisition of Springfield Exploration and Production’s Afina oil block, arguing that relying solely on company provided data for valuation creates unacceptable financial risks for taxpayers. The warning comes as the Ghana National Petroleum Corporation (GNPC) engages in discussions regarding potential takeover of […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/imani-warns-government-against-springfield-afina-acquisition-without-independent-assessment/

Events

7 d. ago IMANI Proposes Convertible Loan Alternative to Springfield Oil Block Buyout

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/imani-proposes-convertible-loan-alternative-to-springfield-oil-block-buyout/Policy think tank IMANI Africa has proposed a convertible loan structure as a safer alternative to the government’s consideration of an outright purchase of Springfield’s Afina oil discovery, warning that a direct buyout could expose the state to inflated valuations and political risks. The recommendation comes amid discussions between Ghana National Petroleum Corporation (GNPC) and […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/imani-proposes-convertible-loan-alternative-to-springfield-oil-block-buyout/

Economics

8 d. ago Think Tank Warns Against State Acquisition of Springfield Afina

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/think-tank-warns-against-state-acquisition-of-springfield-afina/Policy think tank IMANI Africa has cautioned the Government of Ghana against proceeding with a state led acquisition of Springfield Exploration and Production’s Afina oil discovery, describing the asset as high risk and warning that any purchase could reward poor corporate governance while exposing taxpayers to speculative liabilities. The warning comes as the Ghana National […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/think-tank-warns-against-state-acquisition-of-springfield-afina/

Events

1 week ago Industry Questions Ghana State Takeover of Springfield Oil Block

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/industry-questions-ghana-state-takeover-of-springfield-oil-block/Industry players are questioning the rationale behind attempts to get the Ghana National Petroleum Corporation (GNPC) to acquire West Cape Three Points Block 2 from Springfield Exploration and Production. The Ministry of Energy and Green Transition has signaled plans for the state, through GNPC and the Petroleum Commission, to acquire the West Cape Three Points […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/industry-questions-ghana-state-takeover-of-springfield-oil-block/

Sport

2 w. ago ACEP Questions Springfield Oil Block Takeover, Defends Regulatory Process

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/acep-questions-springfield-oil-block-takeover-defends-regulatory-process/The Africa Centre for Energy Policy (ACEP) has clarified its opposition to the government’s proposed acquisition of the Springfield oil block, insisting the dispute centers on protecting legal and governance principles in Ghana’s petroleum sector rather than undermining local content support. Executive Director Benjamin Boakye stressed that bypassing the Petroleum Commission’s regulatory authority threatens the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/acep-questions-springfield-oil-block-takeover-defends-regulatory-process/

Sport

2 w. ago Government Faces Criticism Over Springfield Oil Block Takeover Plan

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/government-faces-criticism-over-springfield-oil-block-takeover-plan/The government’s announcement of a potential state led takeover of Springfield Exploration and Production’s interest in the West Cape Three Points Block 2 (WCTP 2) has triggered sharp criticism from energy sector observers who argue the approach contradicts petroleum laws and creates a problematic precedent. The Ministry of Energy confirmed on November 19 that the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/government-faces-criticism-over-springfield-oil-block-takeover-plan/

Politics

2 w. ago Energy Analyst Warns Against Paying for Springfield Oil Block

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/energy-analyst-warns-against-paying-for-springfield-oil-block/The Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has challenged any government attempt to pay for Springfield’s oil block at West Cape Three Points, arguing the asset already belongs to the state following the company’s failure to meet contractual obligations. Boakye says Ghana must not pay a pesewa for the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/energy-analyst-warns-against-paying-for-springfield-oil-block/

Events

2 w. ago Government targets Springfield’s oil block in push to boost production

The Government of Ghana is considering a State-led takeover of Springfield Exploration and Production Limited’s (SEP) stake in the West Cape Three Points Block 2 (WCTP2) as part of efforts to safeguard declining petroleum assets and boost national oil production.

Politics