Accra, Ghana — [Date] — GOIL PLC has issued a strong warning to the public over a fraudulent video circulating on social media that falsely portrays its Group CEO and Managing Director, Mr. Edward Abambire Bawa, announcing a so-called “government-backed gold project” and “customer reward scheme.” In a statement released by the company, GOIL described...
Month: November 2025
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Energy Ministry Welcomes Arbitration Ruling in PDS–ECG Dispute
The Ministry of Energy and Green Transition has expressed satisfaction with the ruling by the London Court of International Arbitration (LCIA) in the long-running dispute between Power Distribution Services (PDS) and the Electricity Company of Ghana (ECG). In its decision delivered on Wednesday, November 5, the tribunal ruled that the demand guarantees issued as part...
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Star Oil’s Rise to the Top Not Just About Pricing – CEO Philip Tieku
The Chief Executive Officer of Star Oil Ghana, Philip Tieku, has emphasized that the company’s emergence as Ghana’s leading oil marketing firm is the result of a broad strategic approach rather than merely competitive pricing.According to Mr. Tieku, Star Oil’s impressive growth stems from a deliberate combination of efficiency, innovation, and disciplined management. He highlighted...
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How Ghana Has Spent Its Oil Wealth Since 2011 — Fourteen Years On
How Ghana Has Spent Its Oil Wealth Since 2011 — Fourteen Years OnFourteen years after the first barrels of oil flowed from the Jubilee Field, Ghana’s petroleum story remains one of promise and underwhelming returns. Despite earning an estimated $11.58 billion from crude production since 2011, the sweeping transformation many anticipated has yet to materialize.The...
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APPO Ministers Reaffirm Commitment to Africa Energy Bank at 48th Ordinary Session in Brazzaville Republic of Congo.
November 5, 2025 The African Petroleum Producers’ Organization (APPO) has renewed its commitment to the establishment of the Africa Energy Bank (AEB) following the conclusion of its 48th Ordinary Session of the Ministerial Council, held on November 4, 2025, in Brazzaville under the High Patronage of His Excellency Denis Sassou Nguesso, President of the Republic...
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WAPP 330kV North Core Interconnection Project hits 70% completion
ort Harcourt — The 330kV North Core Interconnection Project, a flagship regional electricity initiative connecting Nigeria, Niger, Benin/Togo, and Burkina Faso under the West African Power Pool, WAPP, has reached 70 percent completion, with stakeholders expressing renewed determination to fast-track its delivery despite security and logistical challenges. This was disclosed at the 6th Joint Technical...
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Nigerian Senate uncovers unaccounted $303bn in crude oil proceeds, move to expose thieves
In Nigeria the Senate on Wednesday through its ad-hoc committee on crude oil theft in the Niger Delta, uncovered about $303billion unaccounted crude oil sales. The alleged unaccounted $303billion oil sales, was contained in the committee’s interim report presented to the Senate during plenary by Senator Ned Nwoko (Delta North). According to the report, a...
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Stop Exporting Crude: OPEC’s Wake-Up Call to Nigeria
Port Harcourt, Nigeria — November 6, 2025. Professor Wumi Iledare, Professor Emeritus of Petroleum Economics and Principal Facilitator at the FUPRE Energy Business School, has described the recent appeal by the Chairman of OPEC’s Board of Governors, Adeyemi-Bero, for Nigeria to “stop exporting crude” as a timely wake-up call for policy re-direction and economic realism....
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A Culture of Impunity: Why ECG’s Reform Must Begin with Dismissals and Transfers at the Top
The recent scrutiny faced by the Electricity Company of Ghana (ECG) before the nation’s Public Accounts Committee has cast a harsh light on a persistent and deeply troubling issue of systematic overspending of public funds and frivolous procurements. While the staggering financial figures rightly provoke public anger, a more insidious narrative that lies beneath the...
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VRA targets 1,800 megawatts power to sustain power export gains in five years.
The Volta River Authority (VRA) says it is working to add up to 1,800 megawatts of power to Ghana’s generation capacity over the next five years, as part of efforts to maintain its strong position in the regional power export market. Speaking to Joy Business at the Authority’s Annual Stakeholder Meeting, Board Chairman Jabesh Amissah-Arthur...