President John Dramani Mahama has announced a major revision to the government’s approach to the Petroleum Hub Development Project in the Jomoro Municipality of the Western Region, aimed at ensuring fair compensation for landowners and accelerating project execution. Speaking at a meeting with the Western Regional House of Chiefs on Wednesday, July 30, 2025, President...
Month: July 2025
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BOST Advances Solar Energy Push to Power Fuel Depots Under National Green Transition Agenda
The Bulk Oil Storage and Transportation Company (BOST) has launched an ambitious solar energy initiative across its major fuel depots, reinforcing its commitment to Ghana’s national Energy Transition Framework. This strategic rollout forms part of BOST’s broader sustainability agenda aimed at cutting emissions, reducing fuel costs, and aligning with the country’s goal of achieving net-zero...
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Shell profit dips as energy prices fall 31st July 2025
British energy giant Shell on Thursday said its net profit slid 23 per cent in the first six months of the year, hit by lower oil and gas prices. Profit after tax dropped to $8.4 billion compared with $10.9 billion in the first half of 2024, Shell said in an earnings statement. Group revenue dropped...
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FG eyes N796bn annually from 5% petrol surcharge 31st July 2025
The Federal Government may rake in N796bn annually from the introduction of a five per cent surcharge on locally produced and imported petrol, based on its new tax policy slated to take effect from January 1, 2026, an analysis by The PUNCH has revealed. The five per cent surcharge on refined petroleum products is contained...
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Green Finance Workshop in Addis Ababa Rallies Stakeholders for Ethiopia’s Sustainable Industrial Future
The Africa-China Centre for Policy and Advisory (ACCPA), in collaboration with the African Climate Foundation (ACF), has successfully hosted the Green Finance Workshop – Addis Ababa 2025, a landmark event focused on advancing strategies for financing Ethiopia’s green industrial transformation. Held at the Golden Tulip Hotel in Addis Ababa, the workshop convened over 45 influential...
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Energy Levies to Boost Power Stability but May Fuel Inflation and Transport – PwC
Professional services firm PwC has cautioned that while the recently revised Energy Sector Levies are poised to strengthen Ghana’s power supply and reduce sector debt, they also risk burdening consumers with higher fuel costs and rising inflation. In its analysis of the 2025 Mid-Year Budget Review, PwC highlighted the dual-edged impact of the Energy Sector...
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VRA’s Anwomaso Thermal Power Project Honoured as Project of the Year at 2025 NPMC Awards
The Volta River Authority’s (VRA) Anwomaso Thermal Power Project has clinched the prestigious Project of the Year award at the 2025 National Project Management Conference (NPMC) and Project Management Excellence Awards, cementing its reputation as a leader in infrastructure development and energy innovation. The award, presented at a ceremony held at Aqua Safari Resort in...
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Ghana to Host Africa Oil Week 2025: A Catalyst for Regional Energy Transformation
Ghana is set to host the prestigious Africa Oil Week (AOW): Investing in African Energy 2025 summit this September, an event expected to serve as a major turning point for the country’s energy ambitions and the wider West African region. The high-level gathering will position Ghana at the heart of continental energy dialogue, investment attraction,...
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Burkina Faso secures €6 million boost for Dédougou Solar Plant in push for energy independence
In a major step toward reducing energy poverty and enhancing sustainable development, the Sustainable Energy Fund for Africa (SEFA), under the African Development Bank (AfDB), has committed €6 million to finance the 18-megawatt Dédougou Solar Power Plant in western Burkina Faso. The investment is a strategic part of the Desert-to-Power initiative, a regional drive to...
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Kenya launches Africa’s first REDD+ registry, reshaping forest carbon accounting.
In a significant policy move for climate governance, Kenya has become the first country in Africa to roll out a national REDD+ (Reducing Emissions from Deforestation and Forest Degradation) Registry, establishing a transparent, centralized platform to track forest-related emissions reductions and carbon credit generation. The registry was launched in Nairobi on July 28 by the...