Accra, Ghana – April 2026 — The Africa Sustainable Energy Centre (ASEC) warns that Ghana could loseup to $2 Billion if the current trend of persistent power outages continues unchecked. These disruptions arealready affecting households, businesses, critical services, and overall economic productivity, posing asignificant threat to national development and investor confidence.Recent outages have begun to...
Month: April 2026
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Strait of Hormuz Blockade Could Trigger ‘Largest Energy Crisis’ — IEA
The Executive Director of the International Energy Agency (IEA), Fatih Birol, has warned that Europe may have just six weeks of jet fuel remaining as the airline industry grapples with supply disruptions caused by the Middle East conflict. Birol cautioned that flight cancellations could begin “soon” if oil supplies continue to be blocked due to...
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Explorco Revenue Gap: Mandate Quarterly Sovereign Petroleum Disclosure – Energy Chamber to Gov’t
Energy Chamber of Ghana has called for the immediate implementation of mandatory quarterly sovereign petroleum transfer disclosure reports to address a staggering US$561.65 million revenue gap linked to GNPC’s subsidiary, Explorco. This demand comes in response to findings that indicate a significant portion of petroleum revenues failed to reach the Petroleum Holding Fund (PHF), signaling...
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Fuel price cuts won’t translate instantly – ACEP boss explains why
Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye, has cautioned that recent interventions to stabilise fuel prices will not immediately translate into relief for consumers. Speaking on PM Express Business Edition on Joy News Thursday, on the sidelines of the IMF Spring Meetings in Washington DC, he said the impact of...
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Renewed Staff Confidence Driving TOR’s Turnaround – Managing Director
A critical pillar of the turnaround at the Tema Oil Refinery (TOR) is not only infrastructure rehabilitation but a deliberate effort to rebuild workforce confidence and reshape institutional culture. Managing Director, Edmund Kombat disclosed this during a visit by members of the Africa Extractives Media Fellowship (AEMF), who toured the facility recently under the auspices...
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Oil production decline poses long-term threat to fiscal stability
By Kizito CUDJOE The country’s steady decline in oil production is emerging as a long-term threat to fiscal stability, eroding a once-reliable revenue stream and exposing the budget to heightened volatility at a time of tightening economic conditions, a resource governance expert has cautioned. With crude output falling consistently after peaking in 2019 and petroleum...
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Ghana, Pakistan Deepen Energy Ties Following High-Level Meeting
The Minister for Energy and Green Transition, John Jinapor, has held high-level discussions with Pakistan’s Ambassador to Ghana, Najeeb Durrani, aimed at strengthening bilateral cooperation in the energy sector. The meeting, held at the Ministry of Energy and Green Transition, focused on enhancing the longstanding relationship between Ghana and Pakistan, with particular attention to areas...
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GOIL REDUCES FUEL PRICES TO MATCH NPA FLOOR PRICE
Tensions in the Middle East continue to push global crude oil prices higher and putting pressure on pump prices.Following government’s removal of selected margins to ease the burden on Ghanaians , GOIL has reduced pump prices to match NPA’s price floor to bring relief to consumers. Offering relief ; Delivering quality and value.GOIL – Good...
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The Government of Ghana has introduced a series of temporary measures aimed at mitigating the impact of rising petroleum prices on the domestic market.
In a statement released by Presidency Communications on Wednesday, April 15, 2026, the government announced it would absorb a portion of the costs for both diesel and petrol to provide relief to citizens and businesses. Attached is a copy of the release by the energy ministry.