Ghana improved its position from December 2025 to the 15th position on the African continent with the lowest fuel prices.According to GlobalPetrolPrices.com, gasoline or petrol sold at US$1.303 per litre as of April 6, 2026, compared with US$1.297 per litre as of December, 2025. On the other hand, gas oil or diesel is going for...
Month: April 2026
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Don’t expect instant relief – COMAC CEO warns fuel price drops will be gradual
Fuel price relief will not be immediate despite government’s latest intervention to ease the burden on consumers, Chief Executive Officer of COMAC, Dr Riverson Oppong, has cautioned. Speaking on PM Express Business Edition on Joy News on Thursday, he warned that any expected drop in pump prices will take time to materialise, even as global...
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Kombat Leads Gradual Turnaround at Tema Oil Refinery Amid Signs of Recovery
After years of uncertainty and decline, the Tema Oil Refinery is beginning to show early signs of recovery, with Managing Director Edmond Kombat emerging as a central figure in efforts to restore the struggling state asset. Once regarded as a financial burden and a candidate for privatisation, the refinery is now undergoing a cautious but...
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Kenya To Commence Construction Of Its First 2,000 MW Nuclear Power Plant In 2027
Kenya has announced plans to commence construction of its first nuclear power plant in 2027, with an initial capacity of 2,000 MW, expected to be operational by 2034. President William Samoei Ruto made the announcement last Wednesday during the 2026 International Conference on Nuclear Energy, stating that the plant will be sited in Siaya County....
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Bulk Oil Distributors Chamber Urges Caution Over OSP Probe in Petroleum Sector
The Chamber of Bulk Oil Distributors (CBOD) has called for restraint in public commentary following recent developments involving the Office of the Special Prosecutor (OSP) within Ghana’s petroleum sector. In a statement issued in Accra on April 8, 2026, the Chamber acknowledged the ongoing investigations and sought to clarify that issues relating to petroleum taxes—currently...
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NPA Boss Hints Tough Planned Regulations to Curb Fuel Tanker Accidents
Godwin Edudzi Tameklo, Esq., the Chief Executive Officer of the National Petroleum Authority (NPA), has signaled a major regulatory shift aimed at minimizing the frequent and often fatal road accidents involving Bulk Road Vehicles (BRVs) across Ghana. This move comes as the petroleum regulator seeks to enforce more stringent oversight over the transportation of volatile...
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Ghana’s petroleum revenue to hit $985m in 2026 – PIAC
Ghana is expected to earn about $985 million in petroleum revenue in 2026, up from the $770 million recorded in 2025, the Public Interest and Accountability Committee (PIAC) has projected.The projected increase is largely attributed to a modest rise in global oil prices, driven by ongoing geopolitical tensions in the Middle East.The figure was contained...
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COMAC Safety Week 2026 Opens in Accra
The Chamber of Oil Marketing Companies (COMAC) has officially opened its 2026 Safety Week, with a renewed call for proactive risk management across Ghana’s downstream petroleum sector.Speaking at the opening ceremony, Board Chairman Gabriel Kumi emphasised that safety must be treated as a shared national responsibility rather than a departmental obligation. He noted that the...
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COMAC CEO Calls for Proactive Risk Management at Safety Week 2026
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr. Riverson Oppong, has underscored the need for proactive risk management in Ghana’s downstream petroleum sector, as the 2026 COMAC Safety Week officially commenced on April 7. Addressing participants at the opening ceremony, Dr. Oppong described the annual event as a critical platform...
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Energy Minister Signals Possible Review of Fuel Taxes Amid Rising Global Prices
The Minister for Energy and Green Transition, John Abdulai Jinapor, has disclosed that government is engaging the Finance Ministry on a possible review of taxes on petroleum products, including the controversial one-cedi levy. The move follows growing calls for the removal or reduction of fuel-related taxes to cushion consumers against rising pump prices, driven largely...