Ghana’s Petroleum Funds closed the first half of 2026 with a combined balance of US$1.64 billion, according to the Bank of Ghana’s report on the funds for the period ended June 30, 2026. The report shows that the Ghana Petroleum Funds received total allocations of US$197.13 million during the first half of the year.Citinewsroom –...
Day: July 25, 2026
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ASEC welcomes 2026 Mid-Year Budget but urges stronger focus on green transition
The Africa Sustainable Energy Centre (ASEC) has welcomed several energy sector interventions announced in the 2026 Mid-Year Budget Review but has urged the government to adopt a more balanced approach that aligns with Ghana’s long-term energy transition and climate goals.In a statement, ASEC said the government’s commitment to strengthening the energy sector has the potential...
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Fuel Retailers Break Pricing Cycle as US$100 Oil Rekindles Inflation Fears
Ghana’s downstream petroleum market is beginning to show renewed signs of stress, after major Oil Marketing Companies moved to raise pump prices ahead of the official bi-weekly pricing window, signalling that global oil pressures are beginning to outpace the industry’s normal pricing rhythm. The early price adjustments mark an important shift in market behaviour. In...