The Ghana Revenue Authority (GRA) has won an international arbitration case against Tullow Ghana Limited, with a tribunal upholding in full a tax assessment of US$393.09 million imposed on the oil producer. The dispute arose from the taxation of proceeds Tullow received under a business interruption insurance policy. The case was heard under the Arbitration...
Day: September 30, 2026
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Peter Obi Makes U-Turn on Fuel Subsidy, Says Corruption Must Go Before Subsidy Returns
By Energy Crossroad Former Anambra State Governor and presidential candidate Peter Obi has stirred fresh debate over Nigeria’s fuel subsidy policy after appearing to indicate that subsidy could return if corruption within the system is eliminated. Speaking in a recent video, Obi identified corruption as a major problem affecting the country and argued that addressing...
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COPEC Projects 23% Diesel Price Jump in October as Global Oil Prices Rise
Ghanaian motorists and businesses could face a sharp increase in diesel prices in the first pricing window of October 2026, with the Chamber of Petroleum Consumers (COPEC) projecting a rise of 22.91%. The Chamber estimates that the mean price of diesel could increase from GH¢18.24 to GH¢22.42 per litre, reflecting rising international petroleum prices and...
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ACEP Demands Clarity Over GH¢2.05bn UPPF Balance
The Africa Centre for Energy Policy (ACEP) is demanding greater transparency over the finances of Ghana’s Uniform Petroleum Pricing Fund (UPPF) after an Auditor-General’s performance audit identified a GH¢2.05 billion gap between receipts and expenditure during the period under review. ACEP says the finding raises a broader policy question over how petroleum-pricing margins are determined,...
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GOIL to drill first oil well on October 22, 2026
Ghana Oil Company Limited (GOIL) is set to commence drilling its first oil well on October 22, 2026, as the company advances plans to enter Ghana’s upstream petroleum sector. Managing Director of GOIL, Edward Abambire Bawa, says preparations are at an advanced stage, with an operational simulation involving key partners and service providers scheduled ahead...