The Chamber of Oil Marketing Companies (COMAC) is calling for a freeze on fuel taxes and levies as government continues to subsidise diesel amid rising global oil prices. Chief Executive Officer of COMAC, Dr Riverson Oppong, says reducing the tax burden could provide a more sustainable way of cushioning consumers from rising fuel prices. He...
Author: Emmanuel Aboagye-Wiafe (Emmanuel Wiafe)
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PRESEC-Legon Pays Courtesy Call on GOIL After NSMQ 2026 Victory
The 2026 National Science and Maths Quiz (NSMQ) champions, Presbyterian Boys’ Secondary School (PRESEC-Legon), have paid a courtesy call on GOIL PLC following their victory in this year’s competition. The champions were received by the Chief Operating Officer of GOIL PLC, Dr Marcus Deo Dake, and other members of Management at the Company’s premises. The...
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Government Moves To Contain October Diesel Price Surge
Government has introduced a temporary package of measures to limit the increase in diesel prices expected at the start of the October pricing window, with the National Petroleum Authority (NPA) indicating that pump prices should remain below GH¢20 per litre. The intervention follows an emergency meeting between government and key stakeholders in the petroleum downstream...
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Adebola Unveils Composite Power Strategy to Drive Industrialisation in Oyo
IBADAN, Oyo State — The 2027 governorship candidate of the Nigeria Democratic Congress (NDC) in Oyo State, Hon. Akim Adebola Yusuf, has outlined plans for a diversified electricity-generation system combining hydropower, solar energy and other generation sources to improve power supply and reduce electricity costs across the state. Adebola, who has a 25-year banking background,...
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Zambia Energy Regulators Undertake Technical Study Visit to Ghana’s NPA
The National Petroleum Authority (NPA) has hosted an eight-member delegation from Zambia’s energy regulatory sector as part of a technical study visit aimed at examining Ghana’s downstream petroleum regulatory systems and best practices. The visit provided an opportunity for the Zambian delegation to gain insights into Ghana’s experience in petroleum regulation, including fuel pricing, product...
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NPA Moves To Address Tanker Drivers’ Welfare Concerns
The National Petroleum Authority (NPA) has moved to address longstanding concerns among Ghana’s petroleum tanker drivers, following strike actions linked to poor road conditions, inadequate parking facilities and other operational challenges across the downstream petroleum supply chain. NPA Chief Executive Officer, Godwin Kudzo Tameklo, assured the Ghana National Petroleum Tankers Drivers Union (GNPTDU) that the...
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How Nigeria’s Former Minister of Petroleum Resources Diezani Alison-Madueke received luxury properties, items as bribes – UK prosecutors
British prosecutors have accused Diezani Alison-Madueke, Nigeria’s former minister of petroleum resources, of accepting bribes in the form of luxury goods and access to high-end properties from industry figures.On Tuesday, prosecutors appeared before the Southwark Crown Court in London to continue Alison-Madueke’s trial.The former minister, alongside oil executive, Olatimbo Ayinde and her brother Doye Agama,...
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Decommissioning licence to 2055 issued for Leningrad 1
Russia’s nuclear regulator Rostekhnadzor has issued a licence valid to 2055 for the decommissioning of Leningrad Nuclear Power Plant’s first unit, which aims to set a template for such work on an RBMK-1000 reactor. Rosatom says that the 30-year decommissioning work will “serve as a benchmark for all subsequent pressure-tube reactor dismantling projects worldwide”. The...
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US energy secretary says biggest use of loan office will be for nuclear power plants
U.S. Energy Secretary Chris Wright said on Monday the biggest use of the Department of Energy’s Loan Programs Office will be for nuclear power plants.The LPO has hundreds of billions of dollars in financing aid, including loan guarantees for projects that struggle to get bank loans. During President Donald Trump’s first term in the White...
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Tax evasion and product diversion distort fuel prices – Star Oil CEO exposes industry loopholes
Chief Executive Officer of Star Oil Ghana, Philip Tieku, has exposed how widespread tax evasion and fuel product diversion are distorting prices in Ghana’s petroleum downstream sector.He said the illegal activities have created unfair competition and raised questions about the effectiveness of current regulatory measures, including the introduction of a price floor. “When the price...