Ghana’s Ambassador to the Republic of Korea, His Excellency Kojo Choi, paid a courtesy call on the Acting Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr Toni Aubynn, at the PHDC head office in Accra on Tuesday, September 30, 2025. During a warm interaction, H.E. Kojo Choi explained that the visit was...
Day: September 30, 2025
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New GNPC Foundation Board Inaugurated to Drive Social Impact
Accra, Ghana — The newly constituted Board of the Ghana National Petroleum Corporation (GNPC) Foundation has been inaugurated, with a renewed mandate to advance social impact through education, health, and economic empowerment initiatives in oil-producing communities and beyond.The GNPC Foundation, established under the vision of President John Dramani Mahama, continues to play a central role...
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Africa Energy Bank Targets $5B Fund to Tackle Continent’s Financing Gap
Cape Town, South Africa — The African Petroleum Producers’ Organization (APPO) and the African Export-Import Bank (Afreximbank) have announced progress on the creation of the $5 billion Africa Energy Bank, an initiative designed to address Africa’s chronic energy financing challenges and expand electricity access for millions. The update was delivered on Monday during a pre-conference...
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Fuel Prices Up Again as OMCs Adjust Pump Rates
Accra: Fuel prices at the pumps have gone up again as more Oil Marketing Companies (OMCs) adjust their rates, effective Tuesday, September 30, 2025. The increases follow earlier projections of a hike from mid-September, driven mainly by exchange rate pressures. Market leader Star Oil announced on social media that petrol is now selling at GH¢13.17...
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OPEC Stresses Investment Needs as Africa’s Energy Demand Surges
Cape Town, South Africa — Officials from the Organization of the Petroleum Exporting Countries (OPEC) have underscored Africa’s growing role in global energy markets, warning that trillions of dollars in investment will be required to balance development with sustainability. Speaking at African Energy Week 2025: Invest in African Energies in Cape Town on Monday, OPEC...
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Equatorial Guinea, ConocoPhillips Seal Landmark Gas Deal Worth $9 Billion
Malabo, Equatorial Guinea — Equatorial Guinea has signed a major Heads of Agreement (HOA) with U.S. energy company ConocoPhillips for the development of offshore Blocks B/4 and EG-27, a move expected to unlock up to $9 billion in investment and strengthen the country’s position as a regional gas hub. The agreement, signed by the Ministry...