Ghana’s petroleum industry is confronting a problem that cannot be solved by squeezing more output from existing fields alone: the country’s mature oil assets are continuing to decline, while new production has yet to arrive at a scale capable of replacing the barrels being lost. GNPC’s 2025 Annual Report records the fifth consecutive year of...
Day: August 17, 2026
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OMCs commence fuel price reviews; Star Oil sells petrol at GH¢14.97, diesel kept at GH¢16.97
Some Oil Marketing Companies (OMCs) have started reviewing prices of petroleum products at the pumps from this morning, August 17, 2026.Star Oil has taken the lead among the top oil marketing companies, as Joy Business checked the prices of petroleum products across some pump stations this morning.Star Oil has reduced the price of petrol from...
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IES calls for enforcement of Ghana’s Domestic Market Obligation as TOR resumes operations
The Institute for Energy Security (IES) is calling on government to immediately enforce Ghana’s Domestic Market Obligation (DMO) regulations, arguing that the return of the Tema Oil Refinery (TOR) to operations has removed the main practical obstacle to implementation.In a policy research paper released on August 14, 2026, the energy think tank said the legal...
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Genser Energy secures 456m euros to accelerate next phase of growth across West Africa
Genser Energy Investments LLC (“Genser” or the “Company”), a leading integrated energy company in West Africa, today announced the successful completion of a 456 million euros term and revolving credit facilities package arranged by First Rand Bank Limited (acting through its Rand Merchant Bank Division) (“RMB”), Absa Bank Limited (acting through its Corporate and Investment...
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Oil Nears $90 as Hormuz Tensions Raise Ghana’s Fuel Risks
Oil prices are moving back towards the US$90-per-barrel threshold, as stalled US-Iran negotiations and sharply reduced shipping through the Strait of Hormuz revive concerns about the durability of global petroleum supplies. Brent crude rose by more than 1% in early Asian trading on Monday, August 17, with renewed geopolitical uncertainty providing fresh support to prices....