The Founder and Executive Chairman of the First Sky Group of Companies, Mr Eric Seddy Kutortse, has announced that one of his companies, First Sky Energies, will, in March 2026, launch a 50-megawatt renewable energy power plant to contribute to Ghana’s national grid.Currently under construction in Yendi, the plant is expected to help alleviate unforeseen...
Month: January 2026
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IES Urges Strict Enforcement of NPA Price Floor and Uniformity Policies to Protect Downstream Petroleum Market
The Institute for Energy Security (IES) has called on the National Petroleum Authority (NPA) to strictly enforce the petroleum price floor and price uniformity policies, warning that weak compliance is undermining the integrity and sustainability of Ghana’s downstream petroleum market. In a statement issued in Accra on January 25, 2026, IES said recent market observations,...
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COMAC Calls for Sweeping Reforms in Downstream Petroleum Sector; Warns Price Floor Alone Cannot Fix Downstream Petroleum Challenges
The Chamber of Oil Marketing Companies (COMAC) has intensified calls for a broad overhaul of Ghana’s downstream petroleum industry, warning that the continued focus on the petroleum price floor risks overshadowing more fundamental structural and regulatory shortcomings within the sector. The Chamber recognises that the price floor policy has played a role in stabilising market...
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GRIDCO Congratulates TOR on Resumption of Refinery Operations
The Board and Management of the Ghana Grid Company Limited (GRIDCO) on Wednesday, January 21, 2026, paid a courtesy visit to the management of the Tema Oil Refinery (TOR) in Tema. The visit was to officially congratulate TOR on the successful restoration of refinery operations following a prolonged shutdown, a development described as a significant...
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Trump Slashes Clean Energy Loans, Bets Big on Gas and Nuclear
The Trump Administration continues to revise, restructure, and cancel billions of U.S. dollars of Biden-era loans and funding commitments to clean energy projects as the United States shifted its policy to supporting fossil fuels and nuclear power as part of its energy dominance agenda. In the latest instalment of canceled or revised funding, the Department...
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Libya signs 25-year oil deal with Total Energies and Conoco Phillips
Libya signed a 25-year oil development agreement on Saturday with France’s TotalEnergies and U.S.-based ConocoPhillips, involving more than $20 billion in foreign-financed investment, Prime Minister Abdulhamid al-Dbeibah said.Signed through Waha Oil Company, the deal is aimed at boosting production capacity by up to 850,000 barrels per day (bpd) and is expected to generate net revenues...
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INSTEPR Executive Director Defends Petroleum Floor Price Amid Calls for Removal
Kwadwo Poku, Executive Director of the Institute for Energy Policies and Research (INSTEPR), has weighed in on the ongoing discourse surrounding fuel price competition among Oil Marketing Companies (OMCs) in Ghana. Speaking on the issue, Mr. Poku expressed surprise at calls from some civil society organizations (CSOs) advocating for the removal of the petroleum floor...
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AASUP Meets GoldBod to Explore Sustainable Mining Collaborations
The Association of African Sustainability Practitioners (AASUP) held a high-level meeting with the Ghana GoldBod on Wednesday, January 21, 2026, to discuss potential collaborations aimed at strengthening sustainable mining practices. The meeting, hosted at GoldBod headquarters in Accra, saw AASUP represented by its President, Mr. Humphrey Tetteh, Dr. Peter Nyano, and Executive Secretary Sakina Twumasi....
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Cordial talks underway – COMAC confident Star Oil will rejoin Chamber
The Chamber of Oil Marketing Companies (COMAC) says cordial discussions are underway with Star Oil and expressed confidence that the market leader will rejoin the Association soon. Speaking on Joy News’ PM Express, Business Edition on Thursday, COMAC Chairman Gabriel Kumi confirmed that the Chamber has officially responded to a letter from Star Oil’s CEO....
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Seplat Energy Announces Appointment of Tony Elumelu as Non-Executive Director
Following the Company’s prior announcement regarding the sale of Etablissements Maurel et Prom SA (“M&P”) 20.07% shareholding in Seplat to a combination of Heirs Holdings Limited and Heirs Energies Limited, the Board of Seplat Energy today announces the resignation of Mr. Olivier Cleret De Langavant as a Non-Executive Director effective 22 January 2026. Mr. Langavant,...