The Acting Chief Executive Officer of Tema Oil Refinery (TOR), Mr. Edmund Kombat, has expressed the profound appreciation of the Board, Management and Staff of the Refinery to His Royal Majesty, the Ga Mantse King Tackie Tsuru for his visionary leadership and unwavering commitment to promoting investment and economic development in Ghana. On Tuesday, the...
Day: July 29, 2026
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Oil Tycoon Kofi Abban Reportedly Gifts Shatta Wale Luxury Ferrari
Ghanaian businessman and oil entrepreneur Kofi Abban has reportedly gifted award-winning dancehall artiste Shatta Wale a luxury Ferrari, a gesture that has generated widespread attention and admiration across social media. According to reports circulating online, the high-performance sports car was taken from Mr. Abban’s personal garage and presented to the musician. While details surrounding the...
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ZEN Petroleum Posts GH¢96.56m First-Quarter Profit on GH¢1.78bn Revenue
ZEN Petroleum Holdings Plc reported a profit after tax of GH¢96.56 million for the three months ended June 30, 2026, as sales of fuel, lubricants and consignment-stock management services generated revenue of GH¢1.78 billion during the company’s first reporting period. The petroleum holding company recorded gross profit of GH¢165.37 million after cost of sales reached...
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Ghana’s power sector reforms target financial stability; government moves to clear IPP payment gaps
The government says ongoing reforms in Ghana’s energy sector are aimed at improving financial sustainability, reducing costs and preventing a return to the accumulation of large outstanding debts owed to Independent Power Producers (IPPs). The Deputy Energy Minister, Richard Gyan-Mensah, says the sector has recorded significant improvements despite inheriting challenges, including high IPP debts and...