GoldBod earns US$1.871 billion in September, beating its US$1.4 billion target
The Ghana Gold Board says most of the dollars went to commercial banks and the Bank of Ghana, and it now aims higher for October.
Officials say drilling in the Mion District would test years of seismic work but does not mean oil or gas has been found.
Pinned summary · as of
State oil company GNPC, working with its arm GNPC Explorco, is preparing TUA-1X, the first exploratory well in the Voltaian Basin, at Chegu in the Mion District of northern Ghana. Managers have visited the proposed site, and the next phase begins with an access road and rig pad. Corporation officials stress that the well is a test of the geology and not a discovery.
A first well in the Voltaian Basin would show whether northern Ghana holds petroleum potential that so far has been studied mainly through seismic surveys. For residents of the Mion District, the immediate effects are likely to be the road and site construction near Chegu, and the Dagbon Regent's call for early engagement shows that communities want a say in how the work proceeds. Whatever the well finds, GNPC says the data will shape later exploration decisions in the basin.
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The Ghana Gold Board says most of the dollars went to commercial banks and the Bank of Ghana, and it now aims higher for October.
Visitors from Sierra Leone to Namibia came to learn how the Ghana Gold Board licenses, buys and regulates gold.
Education Minister Haruna Iddrisu says Cabinet, Parliament and the Finance Ministry must still clear the plan, and has urged affordable fees.
Shorter bills pay the least and 364-day paper the most, with the 91-day yield at 4.69% at auction.