An Assessment of Petroleum Price Regulations on the Financial Performance of Oil Marketing Companies in Ghana, Part II

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Publisher : GRIN Verlag
ISBN 13 : 334634178X
Total Pages : 20 pages
Book Rating : 4.3/5 (463 download)

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Book Synopsis An Assessment of Petroleum Price Regulations on the Financial Performance of Oil Marketing Companies in Ghana, Part II by : Mohammed Issah

Download or read book An Assessment of Petroleum Price Regulations on the Financial Performance of Oil Marketing Companies in Ghana, Part II written by Mohammed Issah and published by GRIN Verlag. This book was released on 2021-02-08 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2020 in the subject Engineering - Industrial Engineering and Management, grade: 3.11, Coventry University (Faculty of Engineering, Environment and Computing), course: Master of Science in Oil and Gas Management, language: English, abstract: Petroleum price regulation was implemented in Ghana with the ratification of the National Petroleum Authority Act, 2005 [Act 691] that further established the National Petroleum Authority (NPA) as the regulator for the downstream petroleum industry whose key directive is to control, supervise and oversee the operations of the industry and to create a Unified Petroleum Price Fund (UPPF) for price unification in the industry. This transpired against the context of a time-frame in which petroleum products were imported, marketed and priced under state control. The study’s findings showed that the financial performance of the OMCs which was measured using ROE was higher during the period of price regulation between 2013 and mid–2015 (June 2015) compared to the deregulation periods (i.e. mid–2015 to 2019). However, the OMCs’ gross sales have dramatically appreciated relative to the regulatory era during the deregulation phase. The study recommends refinement of the pricing methods to ensure that it accommodates and addresses the issues posed by major downstream industry stakeholders in order to ensure the sustainability of the margins of the sector and thereby improve the financial and overall operational efficiency of which is expected to have a trickle-down effect on the economy.

Petroleum Price Regulations on the Financial Performance of Oil Marketing Companies in Ghana, Part I

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Publisher : GRIN Verlag
ISBN 13 : 3346329925
Total Pages : 26 pages
Book Rating : 4.3/5 (463 download)

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Book Synopsis Petroleum Price Regulations on the Financial Performance of Oil Marketing Companies in Ghana, Part I by : Mohammed Issah

Download or read book Petroleum Price Regulations on the Financial Performance of Oil Marketing Companies in Ghana, Part I written by Mohammed Issah and published by GRIN Verlag. This book was released on 2021-01-18 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Case Study from the year 2020 in the subject Engineering - Industrial Engineering and Management, Coventry University (Faculty of Engineering, Environment and Computing), course: Oil and Gas Management (MSc), language: English, abstract: The primary objective of this study will be to work out the financial performance of oil marketing companies (OMCs) in Ghana during petroleum price regulation and deregulation regimes. The researcher adopts the event study design and sampling strategy of purposive random sampling techniques in this study. In this study, the researcher seeks to evaluate the financial performance of oil market companies (OMCs) in Ghana during petroleum price regulation and deregulation regimes. The study also found that, after the deregulation of petroleum prices, there was positive growth in the company's gross sales. The positive effect of the company's financial performance can be attributed to the introduction of the petroleum price deregulation in the downstream petroleum industry. This is to say that the deregulation policy was gradually impacting favourably on the financial performance of the company.

Ghana in the Geopolitics of Africa

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Publisher :
ISBN 13 : 9783962033040
Total Pages : 0 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Ghana in the Geopolitics of Africa by : Abdallah Ali-Nakyea

Download or read book Ghana in the Geopolitics of Africa written by Abdallah Ali-Nakyea and published by . This book was released on 2023-09-19 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tax and revenue management policies and regulations of a number of oil-rich countries were briefly reviewed and compared to Ghana's oil and gas taxation and revenue management legislation. A key finding is the noncompliance of the Government of Ghana with the provisions in the Petroleum Revenue Management Act (PRMA), which potentially makes the occurrence of the "oil curse" in Ghana more likely. The research recommends that the Government of Ghana put in place adequate measures, underpinned by appropriate legislation, to enable the retention and investment of its share of oil revenues, and also deal with oil revenue volatility. The Government of Ghana should design a long-term fiscal strategy, based upon high quality, long-term economic and revenue projections, which includes a sensitivity analysis. The PRMA requires amendment in the areas of accounting for the oil and gas revenues, setting up safeguards for the use of the revenues accrued from the oil and gas sector, as well as ad- hering strictly to the priority areas determined for the allocation of the petroleum revenues. This will allow for robust provisions and safety nets to be enshrined in oil and gas taxation and revenue management laws, to safeguard the revenue inflows for development.

Modelling and forecasting monthly petroleum prices of Ghana using subset ARIMA models

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Publisher : GRIN Verlag
ISBN 13 : 3656483620
Total Pages : 110 pages
Book Rating : 4.6/5 (564 download)

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Book Synopsis Modelling and forecasting monthly petroleum prices of Ghana using subset ARIMA models by : Francis Okyere

Download or read book Modelling and forecasting monthly petroleum prices of Ghana using subset ARIMA models written by Francis Okyere and published by GRIN Verlag. This book was released on 2013-08-19 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2012 in the subject Economics - Statistics and Methods, grade: none, , language: English, abstract: The study is an attempt to build a univariate Time Series Model to forecast monthly petroleum prices for 2010/2011, from January 1990 to September 2010, since national petroleum agency (NPA) is failing to plan for fluctuation of petroleum prices. The data was source from the website of Bank of Ghana. The study employs Box-Jenkins methodology of building Seasonal Autoregressive Integrated Moving Average (SARIMA) model to achieve various objectives. Different selected models were tested by Residual plots of Autocorrelation and Partial Autocorrelation and Ljung Box Q statistic to ensure adequacy of results. The results reveal that demand and supply, crudel oil prices, gasoline, natural disasters and government regulations are some of factors that can influence fuel prices and ARIMA(1,1,5)×(1,0,1)11 is the best model for forecast. The future values expose that during the months to come; petroleum prices are going to experience an insignificant increase. In light of the forecast, I know Ghana will ascertain a healthy state of economy.

The Distributional Implications of the Impact of Fuel Price Increases on Inflation

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Publisher : International Monetary Fund
ISBN 13 : 1616356154
Total Pages : 34 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis The Distributional Implications of the Impact of Fuel Price Increases on Inflation by : Mr. Kangni R Kpodar

Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.

A Comparative Analysis of the Economic Impact of the Implementation of Local Content Policies in Oil and Gas Producing Countries. Ghana and Norway

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Publisher :
ISBN 13 : 9783346136039
Total Pages : 60 pages
Book Rating : 4.1/5 (36 download)

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Book Synopsis A Comparative Analysis of the Economic Impact of the Implementation of Local Content Policies in Oil and Gas Producing Countries. Ghana and Norway by : David Onditi

Download or read book A Comparative Analysis of the Economic Impact of the Implementation of Local Content Policies in Oil and Gas Producing Countries. Ghana and Norway written by David Onditi and published by . This book was released on 2020-03-05 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2018 in the subject Business economics - Business Management, Corporate Governance, grade: A, University of Bedfordshire, language: English, abstract: Most petroleum-producing countries have enacted local legislation and content to regulate international Oil and Gas companies. However, there is a dearth of literature focusing on local content policies. Due to the gap in the literature, the research focused on exploring the contents and the impacts of the LCP implementation in Norway and Ghana. These two petro-states have been chosen because they emphasis the contrast between a developing country which initially did not have the means to develop a regulatory framework for local content (Ghana) and a developed country which did (Norway). The aim of the study was to determine the economic impact of the implementation of local content policies in Oil and Gas producing countries, using Ghana and Norway as examples. There are a number of major conclusions from the research. First, very high minimum targets for local employment can lead to the creation of skill gaps in some areas while only achieving increases in some job categories; mostly the semi-skilled and the unskilled positions. Secondly, considering the unemployment, there appears to be no relationship between the unemployment percentage and the quality of the local content policies. Third, where National Oil Company takes the lead in the fostering of local content policies, better results are achieved in terms of skills transfer, increased local sourcing and better training programs. Moreover, mandatory cooperation through JVs and partnerships leads to greater technology spill over from the foreign companies to the local companies. Coupled with the above, higher government spending by there would be an increase in the local supply of both non-specialised and specialised products to the oil and gas industry. Finally, the successful LCPs require the provision of fiscal

Appendix II

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Publisher :
ISBN 13 :
Total Pages : 970 pages
Book Rating : 4.:/5 (6 download)

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Book Synopsis Appendix II by : United States. Congress. House. Select Committee on Small Business. Subcommittee No. 4 on Distribution Problems

Download or read book Appendix II written by United States. Congress. House. Select Committee on Small Business. Subcommittee No. 4 on Distribution Problems and published by . This book was released on 1966 with total page 970 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investigates costs for refining and distributing gasoline to wholesale and retail outlets, to ascertain if petroleum industry is destructively competitive, as allegedly reflected in periodic "price wars" where gasoline is marketed without benefit of a fair profit. Examines complex competitive problems facing small, independent producers vis-a-vis large-scale producers; pt.2: Includes Mid-Continent Independent Refiners Association's "Petition for a Trade Regulation Rule for the Marketing of Gasoline," Mar. 1964 (p. 1033-1749).

Petroleum Product Price Regulations

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Publisher :
ISBN 13 :
Total Pages : 246 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Petroleum Product Price Regulations by : Scott Harvey

Download or read book Petroleum Product Price Regulations written by Scott Harvey and published by . This book was released on 1981 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Staff Report on Effects of Federal Price and Allocation Regulations on the Petroleum Industry

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Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Staff Report on Effects of Federal Price and Allocation Regulations on the Petroleum Industry by : Calvin T. Roush

Download or read book Staff Report on Effects of Federal Price and Allocation Regulations on the Petroleum Industry written by Calvin T. Roush and published by . This book was released on 1976 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Phase IV Oil Regulations

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Publisher :
ISBN 13 :
Total Pages : 10 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Phase IV Oil Regulations by : United States. Cost of Living Council

Download or read book Phase IV Oil Regulations written by United States. Cost of Living Council and published by . This book was released on 1973 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:

National Oil Companies and Value Creation

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Publisher : World Bank Publications
ISBN 13 : 0821388312
Total Pages : 149 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis National Oil Companies and Value Creation by : Silvana Tordo

Download or read book National Oil Companies and Value Creation written by Silvana Tordo and published by World Bank Publications. This book was released on 2011-07-13 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: National Oil Companies (NOCs) directly or indirectly control the majority of oil and gas reserves. As such, they are of great consequence to their country's economy, to importing countries' energy security, and to the stability of oil and gas markets. The paper analyzes the available evidence on the objectives, governance and performance of 20 NOCs from both net importing and net exporting countries, and draws conclusions about the design of policies and measures that are more likely to lead to social value creation. NOCs differ from private companies on a number of very important variables, including the level of competition in the market in which they operate, their business profile along the sector value chain, and their degree of commercial orientation and internationalization. Most share some core characteristics: they are usually tied to the 'national purpose' and serve political and economic goals other than maximizing the firm's profits. This paper introduces a conceptual model to analyze value creation by NOCs that takes into consideration their complex objective function. Our analysis aims to answer the following questions: Are certain corporate governance arrangements more suited than others to promote value creation? Is good geology a pre-condition for NOC value creation? Are there benefits from exposing the NOC to competition from private oil companies? Does the development of forward and backward linkages hamper NOC value creation?

The Mandatory Petroleum Price and Allocation Regulations

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Publisher :
ISBN 13 :
Total Pages : 308 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Mandatory Petroleum Price and Allocation Regulations by : William Charles Lane

Download or read book The Mandatory Petroleum Price and Allocation Regulations written by William Charles Lane and published by . This book was released on 1981 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Oil and Development in Ghana

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Publisher : Routledge
ISBN 13 : 100022077X
Total Pages : 156 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis Oil and Development in Ghana by : Nathan Andrews

Download or read book Oil and Development in Ghana written by Nathan Andrews and published by Routledge. This book was released on 2020-11-09 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives a comprehensive overview of Ghana’s hydrocarbon economy using actor network and assemblage theories to contest the methodological nationalism of mainstream accounts of the resource curse in resource-rich countries. Drawing upon recent field research focused on Ghana’s oil and gas sector and utilizing the theoretical framework of actor network theory, the authors contend that there is an assemblage of political, economic, social and environmental networks, processes, actions, actors, and structures of power that coalesce to determine the extent to which the country’s hydrocarbon resources could be regarded as a "curse" or "blessing." This framing facilitates a better understanding of the variety (and duality) of local and global forces and power structures at play in Ghana’s growing hydrocarbon industry. Giving a nuanced and multi-perspectival analysis of the factors that underlie oil-engendered development in Ghana, this book will be of interest to students and scholars of African political economy, development and the politics of resource extraction.

Global Implications of Lower Oil Prices

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Publisher : International Monetary Fund
ISBN 13 : 151357227X
Total Pages : 41 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Global Implications of Lower Oil Prices by : Mr.Aasim M. Husain

Download or read book Global Implications of Lower Oil Prices written by Mr.Aasim M. Husain and published by International Monetary Fund. This book was released on 2015-07-14 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.

Fiscal Regimes for Extractive Industries—Design and Implementation

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Publisher : International Monetary Fund
ISBN 13 : 1498340067
Total Pages : 82 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fiscal Regimes for Extractive Industries—Design and Implementation by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book Fiscal Regimes for Extractive Industries—Design and Implementation written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2012-08-16 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación

Phase IV Oil Regulations and Petroleum Marketing Problems. (Part I -- Phase IV Oil Regulations). (Part II -- Mandatory Allocation and Distribution Problems). A Report of the Subcommittee on Activities of Regulatory Agencies of the Permanent Select Committee on Small Business. December 11, 1974. -- Committed to the Committee of the Whole House on the State of the Union and Ordered to be Printed

Download Phase IV Oil Regulations and Petroleum Marketing Problems. (Part I -- Phase IV Oil Regulations). (Part II -- Mandatory Allocation and Distribution Problems). A Report of the Subcommittee on Activities of Regulatory Agencies of the Permanent Select Committee on Small Business. December 11, 1974. -- Committed to the Committee of the Whole House on the State of the Union and Ordered to be Printed PDF Online Free

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (858 download)

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Book Synopsis Phase IV Oil Regulations and Petroleum Marketing Problems. (Part I -- Phase IV Oil Regulations). (Part II -- Mandatory Allocation and Distribution Problems). A Report of the Subcommittee on Activities of Regulatory Agencies of the Permanent Select Committee on Small Business. December 11, 1974. -- Committed to the Committee of the Whole House on the State of the Union and Ordered to be Printed by :

Download or read book Phase IV Oil Regulations and Petroleum Marketing Problems. (Part I -- Phase IV Oil Regulations). (Part II -- Mandatory Allocation and Distribution Problems). A Report of the Subcommittee on Activities of Regulatory Agencies of the Permanent Select Committee on Small Business. December 11, 1974. -- Committed to the Committee of the Whole House on the State of the Union and Ordered to be Printed written by and published by . This book was released on 1974 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Daily Graphic

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Publisher : Graphic Communications Group
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4./5 ( download)

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Book Synopsis Daily Graphic by : Ransford Tetteh

Download or read book Daily Graphic written by Ransford Tetteh and published by Graphic Communications Group. This book was released on 2010-03-02 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: