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

8 d. ago Ghana Records Major Gains in Corporate Ownership Transparency Reforms

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-records-major-gains-in-corporate-ownership-transparency-reforms/Ghana has emerged as one of Africa’s leading performers in beneficial ownership transparency, with reforms substantially improving oversight in the extractive industry and strengthening the country’s investment climate, according to recent evaluations of a global transparency initiative. An independent assessment of the Opening Extractives programme, jointly implemented by the Extractive Industries Transparency Initiative (EITI) and […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-records-major-gains-in-corporate-ownership-transparency-reforms/

Politics

9 d. ago Think Tank Calls for Market Reforms in Cement and Gas Sectors

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/think-tank-calls-for-market-reforms-in-cement-and-gas-sectors/IMANI Centre for Policy and Education has released a comprehensive report warning that government interventions in Ghana’s cement and liquefied petroleum gas industries risk undermining market competition and private sector growth despite intentions to protect consumers and enhance safety. The November 2025 study examines two major policy initiatives: the Ghana Standards Authority (Pricing of Cement) […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/think-tank-calls-for-market-reforms-in-cement-and-gas-sectors/

Economics

1 week ago Springfield Highlights Indigenous Achievement Amid Government Acquisition Discussions

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/springfield-highlights-indigenous-achievement-amid-government-acquisition-discussions/Springfield Exploration and Production Limited has defended its investment record in the West Cape Three Points Block 2 (WCTP 2) as government led discussions continue regarding potential acquisition of the company’s interest in the oil block. The company emphasized that its involvement represents one of the most significant indigenous investments in Ghana’s upstream petroleum sector. […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/springfield-highlights-indigenous-achievement-amid-government-acquisition-discussions/

Politics

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 Energy Minister sets strict technical and commercial criteria for Springfield deal

Energy Minister John Jinapor says the government will only consider a state-led takeover of Springfield Exploration and Production Limited’s (SEP) stake in the West Cape Three Points Block 2 (WCTP2) if the asset meets strict technical and commercial criteria.

Politics

2 w. ago Government support for Springfield deal depends on Independent valuation

The Minister for Energy and Green Transition, John Jinapor, says the government will only support a potential state-led takeover of Springfield Exploration and Production Limited’s (SEP) stake in the West Cape Three Points Block 2 (WCTP2) after an independent and transparent valuation proves the field holds strong commercial prospects.

Politics

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 Unlocking National Oil Value: Strategic Intervention or Missed Opportunity?

The Government of Ghana’s intention to takeover Springfield Exploration & Production’s interest in the West Cape Three Points Block 2 (WCTP2) has reopened important conversations about the country’s upstream future. With national crude production declining and deep-water resources carrying significant untapped potential, the move signals a deliberate attempt to prevent valuable assets from remaining idle due to prolonged commercial or operational delays. WCTP2, one of the country’s promising blocks, is too critical to be left undeveloped.

Politics

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

3 w. ago IMF Report Flags Presidential Power Over Anti Corruption Agencies

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/imf-report-flags-presidential-power-over-anti-corruption-agencies/An International Monetary Fund (IMF) Technical Assistance Report has raised concerns that Ghana’s presidency holds considerable power and discretion over the appointment of heads of most anti corruption institutions, which could impact their independence. The report titled Governance Diagnostic Assessment March 2024 identified significant governance weaknesses in the country’s anti corruption framework. The assessment found […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/imf-report-flags-presidential-power-over-anti-corruption-agencies/

Politics