The Bulk Oil Storage and Transportation Company (BOST) closed 2024 with one of its strongest performances to date, nearly doubling profit after tax on the back of tighter cost controls, improved asset utilization, and a significantly stronger capital base. Profitability Metrics Profit after tax rose to GHS 398 million in 2024, up from GHS 208...
Day: August 30, 2025
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Dangote to Build $2.5 Billion Fertiliser Facility in Ethiopia
Ethiopia has entered into a partnership with Nigeria’s Dangote Group to establish a $2.5 billion fertiliser plant, Prime Minister Abiy Ahmed announced Thursday on X. The facility, to be built in Gode, southeastern Ethiopia, will have an annual production capacity of 3 million metric tons.The project is part of billionaire Aliko Dangote’s broader push to...
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GNPC Set to Begin Drilling in the Voltain Basin by Early 2026
The Ghana National Petroleum Corporation (GNPC) is expected to commence exploratory drilling in the Voltain Basin by the first quarter of 2026, marking a major step in Ghana’s bid to expand its petroleum resource base. Speaking during an interview in Accra, the Acting Chief Executive Officer of the Petroleum Commission, Victoria Emeafa Hardcastle, disclosed that...
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Fuel Prices to Rise From Monday Despite Fall in Global Oil Prices
The prices of petroleum products at the pumps are set to increase from Monday, September 1, 2025, by margins of between 3% and 5% per litre, according to the Chamber of Oil Marketing Companies’ (COMAC) pricing outlook report. The report indicates that petrol will rise between 3.86% and 5.40% per litre, pushing the average pump...