Kofi Ahovi

  Oil and gas giant Shell has reported record annual profits after energy prices surged last year following Russia’s invasion of Ukraine. Profits hit $39.9bn (£32.2bn) in 2022, double last year’s total and the highest in its 115-year history. Energy firms have been making record profits after oil and gas prices jumped following the invasion of Ukraine. It has heaped pressure on firms to pay windfall taxes as households struggle with rising bills. Last year, the UK government introduced a windfall tax – called the Energy Profits Levy – on the profits of firms to help fund its scheme to lower gas and electricity bills. Oil and gas prices had begun to rise after the end of Covid lockdowns but rose sharply in March last year after the events in Ukraine led to worries over supplies. It led to to bumper profits for energy companies, but also fuelled a rise in energy bills for households and businesses. Along with rising food prices it has pushed inflation – the rate at which prices rise ...

  Vivo Energy Ghana, the Shell licensee, in partnership with its fuel retailers, have constructed and handed over a 10-seater water closet toilet facility, with an overhead water tank to the Ahinsan Camp Prison in the Adansi District of the Ashanti Region. This timely intervention by Vivo Energy Ghana and its retailers means that the personal health and safety of inmates is now improved. The initiative forms part of Vivo Energy Ghana’s Retailer Sustainability Programme, launched to complement the government’s efforts in combating COVID-19 from Ghana and ensuring the decentralisation of developmental support to communities where it operates. Speaking on behalf of the Managing Director, the Corporate Communications Manager, Shirley Tony Kum, reiterated the company’s commitment to its communities as a partner in sustainable development. “Following an engagement and needs assessment with authorities of the prison, it became evident that the inmates needed a decent place of convenience...