Ghana’s energy sector recorded financial losses of about US$1.4 billion in 2025, equivalent to 1.5 percent of the country’s Gross Domestic Product, as persistent tariff shortfalls, power losses and weak revenue collection continued to strain public finances, the International Monetary Fund (IMF) has said. In its latest Selected Issues Paper, the Fund said the sector’s...
Month: August 2026
Post
Post
Jinapor engages NPA over GHS2 diesel price reduction
Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has engaged the National Petroleum Authority (NPA) and other key stakeholders on the implementation of government’s decision to reduce the price of diesel by GHS2 per litre. The intervention follows a directive by President John Dramani Mahama aimed at cushioning consumers from the impact of...
Post
EPA launches guidelines to curb fugitive methane emissions in Ghana’s petroleum sector
Ghana’s Environmental Protection Authority (EPA) has launched new guidelines aimed at strengthening the monitoring, reporting and mitigation of fugitive methane emissions from oil and gas operations. The Guidelines for Inspection, Monitoring, and Reporting of Fugitive Methane Emissions from Oil and Gas Operations in Ghana were developed in collaboration with the Clean Air Task Force, Climate...
Post
Energy Chamber Convenes EV Working Group to Advance Import Duty Reforms
Clean Energy Chamber Convenes EV Working Group to Advance Import Duty ReformsThe Ghana Chamber of Clean Energy (GCCE) has convened the inaugural meeting of its Electric Vehicle (EV) Working Group, bringing together leading companies and stakeholders from Ghana’s electric mobility ecosystem to develop a coordinated industry position on reforms to the country’s electric vehicle import...
Post
Chevron Gives Employees Half-Month Pay Bonus as Oil Price Surge Lifts Earnings
Chevron is awarding most employees a special bonus equivalent to half of their monthly base salary after the US oil major delivered its strongest quarterly earnings in at least six years, highlighting how the surge in crude prices and operational gains are feeding through to both shareholders and workers. Chief Executive Mike Wirth announced the...
Post
Ghana Reaffirms $12bn First Phase of Petroleum Hub Project
Ghana’s Petroleum Hub Development Corporation (PHDC), together with Touchstone Capital Partners (TCP) and its international consortium, has reaffirmed progress on the first phase of the Ghana Integrated Petroleum Hub, a development expected to attract approximately US$12 billion in investment under Lot 1 of the project.The confirmation reinforces government’s ambition to establish the country as a...
Post
Genser Energy buys out investor as Oppenheimer exits after five years
Genser Energy has bought back the entire stake held by Oppenheimer Partners, completing the investment firm’s exit after five years and marking a new chapter in the Ghanaian energy company’s regional expansion strategy. The privately owned energy infrastructure company has announced that it has redeemed the full shareholding previously held by OP Energy Holdings Limited,...
Post
Reports of daily fuel price changes are inaccurate – CBOD
Dr. Patrick Kwaku Ofori, Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), has dismissed reports suggesting that Ghana is set to introduce daily fuel price adjustments, insisting that the country’s current bi-weekly pricing system remains in force.His comments come amid growing public speculation that heightened volatility in global petroleum markets could prompt...
Post
GH¢2 diesel subsidy will cushion consumers amid global fuel market volatility – COMAC
Chief Executive of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, has welcomed the government’s GH¢2 per litre diesel subsidy. He described it as a timely intervention to cushion consumers and operators as volatility in the global oil market continues to drive uncertainty in fuel prices. Speaking on Joy FM’s Top Story on...
Post
TOR Boss Hails Mahama, Jinapor for Leading Refinery’s Revival
The Managing Director of the Tema Oil Refinery (TOR), Edmund Kombat, has expressed profound gratitude to President John Dramani Mahama and the Minister of Energy and Green Transition, Dr. John Abdulai Jinapor, for their leadership and support towards the restoration of the state-owned refinery. Mr. Kombat said TOR remained indebted to President Mahama and Dr....