Nigeria’s Dangote Refinery has for the first time sourced crude oil from Ghana, in a move that reflects its diversification strategy as the $20 billion project works to stabilize output and silence speculation over technical setbacks. Since the refinery began production, the company has sourced crude not only from Nigeria but also fromBrazil, Angola, Ghana,...
Author: Emmanuel Aboagye-Wiafe (Emmanuel Wiafe)
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Deputy Energy Minister Launches Committee to Oversee Cenit Power Plant Upgrade
Ghana’s push to enhance efficiency and cut costs in power generation has taken another step forward with the inauguration of a Joint Technical Committee to oversee the conversion of the Cenit Power Plant at Tema from a single cycle to a combined cycle configuration. Deputy Minister for Energy and Green Transition, Richard Gyan-Mensah (MP), inaugurated...
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Star Oil Maintains Fuel Prices for First Pricing Window of September
Accra, Ghana – September 1, 2025Star Oil, a leading player in Ghana’s downstream oil sector, has maintained the prices of its petroleum products for the first pricing window of September 2025.The decision comes amidst a cautiously balanced market outlook, as noted in the September report by the Chamber of Oil Marketing Companies (COMAC). The report...
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De-risking energy projects critical to attracting investments – Deloitte Africa Infrastructure Partner
The Strategy and Transactions Partner at Deloitte Ghana and the Africa Infrastructure and Capital Projects Leader at Deloitte Africa, Yaw Appiah Lartey, has indicated that de-risking energy projects is critical to attracting investment and securing commitments from financial institutions.According to him, the path to bankability lies in blending innovation with risk mitigation, strong partnerships, and...
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DVLA Board Chairman Sets 60% Revenue Growth Target, Cautions Against Corruption at 2025 Mid-Year Review.
The Board Chairman of the Driver and Vehicle Licensing Authority (DVLA), Mr. George Spencer Quaye, has challenged the Authority to achieve a 60% increase in revenue by the next Mid-Year Review in 2026. Speaking at the close of the DVLA 2025 Mid-Year Review Conference held at the Tusand Hotel in Ejisu in the Ashanti Region,...
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Bui Power Authority Announces Double Profit, Strengthens Renewable Energy Drive at 2025 AGM
Here’s a polished rewrite for an online publication style: **Bui Power Authority Announces Double Profit, Strengthens Renewable Energy Drive at 2025 AGM The Bui Power Authority (BPA) has announced a net profit of $64.5 million for the 2024 financial year, nearly twice its projected target of \$33.6 million. The disclosure was made during the Authority’s...
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BOST Doubles Profitability in 2024 as Balance Sheet Strengthens
The Bulk Oil Storage and Transportation Company (BOST) closed 2024 with one of its strongest performances to date, nearly doubling profit after tax on the back of tighter cost controls, improved asset utilization, and a significantly stronger capital base. Profitability Metrics Profit after tax rose to GHS 398 million in 2024, up from GHS 208...
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GNPC Set to Begin Drilling in the Voltain Basin by Early 2026
The Ghana National Petroleum Corporation (GNPC) is expected to commence exploratory drilling in the Voltain Basin by the first quarter of 2026, marking a major step in Ghana’s bid to expand its petroleum resource base. Speaking during an interview in Accra, the Acting Chief Executive Officer of the Petroleum Commission, Victoria Emeafa Hardcastle, disclosed that...
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Ghana Launches Renewable Energy and Green Transition Fund to Drive Sustainable Future
Ghana has introduced a new Renewable Energy and Green Transition Fund as part of efforts to fast-track the country’s energy transition agenda. Speaking at the Future of Energy Conference 2025 in Accra, the Minister for Energy and Green Transition, John Jinapor, said the fund will provide vital financial support for renewable energy projects and green...
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Ghana Showcases Petroleum Hub Project to Singapore Investors
The Ghana Investment Promotion Centre (GIPC) has pitched the country’s ambitious Petroleum Hub project to investors in Singapore, positioning it as a game-changing initiative to anchor Ghana as a key player in Africa’s downstream energy sector. At the Singapore-Ghana Dialogue, held on the sidelines of the Africa-Singapore Business Forum on Thursday, August 28, 2025, GIPC...