Accra, Ghana – July 16, 2025 – Fuel prices across Ghana have surged following the official implementation of a new GH¢1 energy sector levy, commonly referred to as the “D-Levy”, aimed at addressing the country’s ballooning energy sector debt. The levy, which took effect today, is being enforced under the Energy Sector Levies (Amendment) Act...
Author: Emmanuel Aboagye-Wiafe (Emmanuel Wiafe)
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Mahama Cancels Fuel Allowances for Political Appointees Under Reset Agenda to Rein in Public Spending
In a significant move to curb government expenditure, President John Dramani Mahama has ordered the immediate suspension of fuel allowances and fuel allocations to all political appointees. The decision, announced on Tuesday, July 15, 2025, underscores the administration’s commitment to fiscal prudence and energy resource efficiency. A statement released by the Minister for Government Communications...
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Ghana’s Energy Ministry Ties Future of GH₵1 Fuel Levy to Sector Performance
The Ministry of Energy and Green Transition has clarified that the continuation or cancellation of the controversial GH₵1 fuel levy will depend on the evolving needs and performance of Ghana’s energy sector. Speaking on Joy FM’s Super Morning Show on Monday, July 14, Richmond Rockson, Head of Communications at the Ministry, said the levy was...
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Vivo Energy Ghana and McKingtorch Africa Inspire Environmental Stewardship Through Innovative School Engagement
As part of its Green4Clean Schools Renewable Energy Project, Vivo Energy Ghana, the exclusive Shell licensee in the country, has teamed up with McKingtorch Africa, a climate-focused social enterprise and United Way Ghana to engage schoolchildren in environmental sustainability through a practical learning experience. The initiative saw pupils from La Enobal Basic School embark on...
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NNPC Considers Refinery Divestment Amid Mounting Losses and Failed Revamps
Nigeria’s state oil giant, the Nigerian National Petroleum Company (NNPC) Limited, is exploring the option of offloading its long-troubled refineries, despite billions of dollars already sunk into multiple rehabilitation efforts with little success to show. The Group Chief Executive Officer of NNPCL, Bayo Ojulari, disclosed the development during the 9th OPEC International Seminar in Vienna,...
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IMF Flags Ghana’s Soaring \$2.2bn Energy Sector Deficit, Citing Fiscal Risks and Inefficiencies
Ghana’s energy sector financing gap is forecast to reach US\$2.2 billion by the end of 2025 raising alarm over deepening fiscal strain, according to the International Monetary Fund’s (IMF)* latest country report. The widening shortfall is attributed to rising operational losses at the Electricity Company of Ghana (ECG), sluggish electricity tariff adjustments, and increasing power...
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IMF Endorses Ghana’s Move to Liberalise Power Distribution Sector.
The International Monetary Fund (IMF) has backed Ghana’s decision to liberalise the operations of its state-owned power distributor, the Electricity Company of Ghana (ECG), opening the door to private sector participation in a bid to strengthen the country’s struggling energy sector. In its July 2025 country report on Ghana’s US\$3 billion Extended Credit Facility (ECF)...
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Comparing Renewable Energy Subsidies Across Africa
Africa faces a massive energy access gap, with nearly 600 million people lacking electricity. Despite having 60% of the world’s best solar resources, the continent attracted just 2.4% of global renewable energy investments from 2010 to 2020. Renewable energy subsidies are critical to solving this challenge by reducing costs, encouraging private investment, and accelerating adoption....
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World oil market may be tighter than it looks, IEA says
VIENNA, July 11 (Reuters) – The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet summer travel demand. The IEA, which advises industrialised countries, expects global supply to rise by 2.1...
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Ghana’s Rising Power Demand Signals Urgent Need for Infrastructure Investments-2025 Energy Outlook
Accra, Ghana – July 11, 2025 — Ghana’s electricity demand is climbing steadily, driven by rapid population growth, industrial expansion, and increasing nationwide access to electricity. This trend underscores a pressing need for sustained investment in energy infrastructure, according to the Ghana Energy Outlook Report 2025. The report reveals that total electricity consumption reached 22,410...