Ghana could save close to US$500 million annually by switching from liquid fuels to natural gas for power generation, Technical Advisor to the Minister of Energy and Green Transition on Petroleum, Ing. Dr Sulemana Yussif, has said.He said expanding the country’s gas-processing capacity would be critical to achieving the savings as Ghana seeks to reduce...
Author: Justice Amissah (Justice Amissah)
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BOST ENERGIES LIMITED COMPANY (BOSTenergies) REPORTS STRONG 2025 PERFORMANCE, PAYS FIRST-EVER DIVIDEND TO GOVERNMENT
BOST Energies Limited Company (BOSTenergies) has reported strong financial and operational growth for the 2025 financial year, recording significant increases in revenue, profitability, assets and shareholder equity, while achieving a historic milestone with the payment of its first-ever dividend to the Government of Ghana. The performance was announced at the Company’s 2026 Annual General Meeting...
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Africa Needs Affordable Energy to Drive Industrialisation – ACEP
Africa’s industrialisation ambitions will remain constrained unless countries address the high cost of energy, the Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye, has warned. He said energy prices were a major determinant of economic competitiveness and should therefore be treated as a central development issue rather than merely a utility-sector...
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Nigeria’s Fuel Exports Hit 561,000 bpd
Nigeria’s seaborne petroleum product exports have increased seven-fold since 2023, hitting an average of 561,000 barrels per day in the second quarter of 2026. The United States Energy Information Administration (EIA) attributed the massive surge to operations at the Dangote Petroleum Refinery. The development has strengthened Nigeria’s position in the global fuel market at a...
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PHDC CEO Dr. Toni Aubynn Appointed to Steering Committee for Petroleum Downstream Master Plan
The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr Toni Aubynn, has been appointed by the Minister for Energy and Green Transition, Hon. Dr John Abdulai Jinapor, to serve on the Steering Committee responsible for the development of Ghana’s Petroleum Downstream Infrastructure Master Plan (DIMP). The Steering Committee, which was inaugurated by...
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Dangote Refinery Begins Pricing Local Fuel Sales In Dollars
Nigeria’s downstream petroleum sector is bracing for renewed foreign exchange (FX) pressure after Dangote Petroleum Refinery scrapped its naira-denominated pricing model for petrol, diesel and aviation fuel, replacing it with a dollar-based framework that ties domestic fuel prices directly to exchange rate movements. The change, announced in a notice to marketers and customers dated July...
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TOR Records First Profit in a Decade as Refinery Posts GHS1.4 Billion Profit Before Tax in 2025
The Managing Director of the Tema Oil Refinery (TOR), Edmond Kombat, has announced a major financial turnaround for the state-owned refinery, with the company recording its first profit in a decade, at its 18th Annual General Meeting (AGM) held in Accra. Mr. Kombat said TOR posted a profit before tax of GHS1.415 billion for the...
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Africa’s Clean Energy Bias ‘Catches’ Global Attention
United Nations Secretary-General, António Guterres has cast a glaring spotlight on the massive imbalance in international climate finance by criticizing the global community’s failure to invest adequately in Africa’s green transition despite its unparalleled renewable capacity.This sharp critique highlights a persistent institutional bias where capital flows continue to favor developed markets over the regions where...
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SPE Africa and AFRICA ENERGY CHAMBER Sign Strategic Agreement to Advance Technical Excellence Across Africa’s Energy Sector
The African Energy Chamber (AEC) has signed a Memorandum of Understanding (MOU) with the Society of Petroleum Engineers (SPE Africa), marking a significant step toward strengthening technical collaboration, knowledge transfer and innovation across Africa’s energy industry.The agreement formalizes a strategic partnership between one of Africa’s leading energy advocacy organizations and a globally recognized technical authority...
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Pump prices set to rise again with petrol up 3.59%, diesel 1.52% in March window
Consumers should brace for higher fuel costs in the first pricing window of March 2026, as petroleum prices are expected to increase marginally at the pumps. According to the Chamber of Petroleum Consumers (COPEC), “Petroleum prices beginning the 1st window of March 2026, are expected to see some marginal increments across the pumps.” COPEC projects...