Ghana has accumulated a total of $1.4 billion in savings since it began commercial crude oil exports, according to the latest Petroleum Investment Report. The amount comprises revenues from oil exports, taxes from petroleum firms operating in Ghana, and rental payments made to the state since the country commenced commercial production in 2010. Fund Performance...
Day: July 29, 2025
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Second stage of reprocessing centre in Zheleznogorsk launched Tuesday, 29 July 2025.
The second complex of the Experimental and Demonstration Centre, which will process used nuclear fuel, has been launched, and follows an initial experimental stage. World Nuclear News Second stage of reprocessing centre in Zheleznogorsk launchedTuesday, 29 July 2025The second complex of the Experimental and Demonstration Centre, which will process used nuclear fuel, has been launched,...
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PHDC Hosts Strategic Talks with International Investor Consortium on Petroleum Hub Development
The Petroleum Hub Development Corporation (PHDC) on Monday, July 28, 2025, held high-level discussions with a consortium of five investment and engineering firms exploring potential collaboration on Ghana’s ambitious Petroleum Hub project. The consortium includes local partner IBS Dolphin Ltd, Egypt-based Gharably Integrated Engineering Co. (GIECO), Worldwide Container Services, an international marketing agency, and a...
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DVLA to Replace Aluminium DP Plates with Digital Stickers from August 1
The Driver and Vehicle Licensing Authority (DVLA) has announced it will phase out the use of aluminium “Drive from Port” (DP) number plates at all ports of entry across the country, starting August 1, 2025. In a move aimed at improving service delivery and enhancing security, the Authority will roll out digital DP sticker numbers...
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Ghana Rakes in $370.6 Million from Crude Oil in First Half of 2025
Ghana generated $370.62 million in petroleum revenues during the first half of 2025, according to the latest Petroleum Semi-Annual Report released by authorities. The bulk of the earnings $218.62 million came from crude oil liftings conducted between January and March 2025. Additionally, the country received $148.75 million in corporate taxes paid by key industry players...
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Transparency and Reform in NPA’s Fund Management: Decoupling Roles for Accountability
The Centre for Environment Management and Sustainable Energy (CEMSE) is calling for urgent reforms within the National Petroleum Authority (NPA), advocating a clear separation between the Authority’s regulatory role and its management of petroleum-related funds. CEMSE argues that the NPA’s dual mandate has led to a lack of transparency and accountability, with significant revenue surpluses...