The Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, has commended the leadership of the Petroleum Hub Development Corporation (PHDC) for their unwavering commitment to driving investment in Ghana’s energy sector. In a remark during the Ministry’s Accountability Series on Wednesday, July 16, 2025, Hon. Jinapor praised Dr. Toni Aubynn and his team...
Day: July 16, 2025
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Fuel Prices Surge as July 2025 Second Pricing Window Opens
Motorists across Ghana are facing steep increases at the pump as the second fuel pricing window for July 2025 takes effect. The hike comes on the back of the implementation of a new GH¢1 energy sector levy, popularly referred to as the D-Levy—which came into force on Wednesday, July 16, 2025. A market survey conducted...
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Oil Markets Ignore Trump’s Russia Threats
Oil markets have largely ignored Trump’s threats to impose 100% secondary tariffs on any country that buys Russian exports, with prices dropping significantly on Tuesday morning. U.S. President Donald Trump’s threat to choke off Russia’s oil revenue via secondary sanctions would deal a hammer blow to Moscow’s finances, but markets are betting that the risk...
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Ghana Implements Energy Debt Levy, Fuel Prices Surge to GH¢12.59 per Litre
Accra, Ghana – July 16, 2025 – Fuel prices across Ghana have surged following the official implementation of a new GH¢1 energy sector levy, commonly referred to as the “D-Levy”, aimed at addressing the country’s ballooning energy sector debt. The levy, which took effect today, is being enforced under the Energy Sector Levies (Amendment) Act...