The world is spending far more money destroying nature than protecting it, according to a new report by the United Nations Environment Programme (UNEP). The report reveals that for every one US dollar invested in protecting nature, the world spends 30 US dollars harming it. UNEP says this imbalance is slowing efforts to fight climate...
Author: Energy Crossroad (Energy Crossroad)
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Fruitful Presidential Talks Clear Way for Construction of Ghana’s Petroleum hub to Begin This Year
The Deputy Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC) in charge of Operations and Technical, Mr. Onasis Kobby Rosely, has assured that construction of the Petroleum Hub Project will commence this year.Mr. Rosely gave the assurance when he led a PHDC delegation on a courtesy call on the Paramount Chief of the...
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First Sky Energies to add 50mw to the national grid from Yendi plant
The Founder and Executive Chairman of the First Sky Group of Companies, Mr Eric Seddy Kutortse, has announced that one of his companies, First Sky Energies, will, in March 2026, launch a 50-megawatt renewable energy power plant to contribute to Ghana’s national grid.Currently under construction in Yendi, the plant is expected to help alleviate unforeseen...
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IES Urges Strict Enforcement of NPA Price Floor and Uniformity Policies to Protect Downstream Petroleum Market
The Institute for Energy Security (IES) has called on the National Petroleum Authority (NPA) to strictly enforce the petroleum price floor and price uniformity policies, warning that weak compliance is undermining the integrity and sustainability of Ghana’s downstream petroleum market. In a statement issued in Accra on January 25, 2026, IES said recent market observations,...
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COMAC Calls for Sweeping Reforms in Downstream Petroleum Sector; Warns Price Floor Alone Cannot Fix Downstream Petroleum Challenges
The Chamber of Oil Marketing Companies (COMAC) has intensified calls for a broad overhaul of Ghana’s downstream petroleum industry, warning that the continued focus on the petroleum price floor risks overshadowing more fundamental structural and regulatory shortcomings within the sector. The Chamber recognises that the price floor policy has played a role in stabilising market...
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GRIDCO Congratulates TOR on Resumption of Refinery Operations
The Board and Management of the Ghana Grid Company Limited (GRIDCO) on Wednesday, January 21, 2026, paid a courtesy visit to the management of the Tema Oil Refinery (TOR) in Tema. The visit was to officially congratulate TOR on the successful restoration of refinery operations following a prolonged shutdown, a development described as a significant...
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Trump Slashes Clean Energy Loans, Bets Big on Gas and Nuclear
The Trump Administration continues to revise, restructure, and cancel billions of U.S. dollars of Biden-era loans and funding commitments to clean energy projects as the United States shifted its policy to supporting fossil fuels and nuclear power as part of its energy dominance agenda. In the latest instalment of canceled or revised funding, the Department...
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Libya signs 25-year oil deal with Total Energies and Conoco Phillips
Libya signed a 25-year oil development agreement on Saturday with France’s TotalEnergies and U.S.-based ConocoPhillips, involving more than $20 billion in foreign-financed investment, Prime Minister Abdulhamid al-Dbeibah said.Signed through Waha Oil Company, the deal is aimed at boosting production capacity by up to 850,000 barrels per day (bpd) and is expected to generate net revenues...
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INSTEPR Executive Director Defends Petroleum Floor Price Amid Calls for Removal
Kwadwo Poku, Executive Director of the Institute for Energy Policies and Research (INSTEPR), has weighed in on the ongoing discourse surrounding fuel price competition among Oil Marketing Companies (OMCs) in Ghana. Speaking on the issue, Mr. Poku expressed surprise at calls from some civil society organizations (CSOs) advocating for the removal of the petroleum floor...
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AASUP Meets GoldBod to Explore Sustainable Mining Collaborations
The Association of African Sustainability Practitioners (AASUP) held a high-level meeting with the Ghana GoldBod on Wednesday, January 21, 2026, to discuss potential collaborations aimed at strengthening sustainable mining practices. The meeting, hosted at GoldBod headquarters in Accra, saw AASUP represented by its President, Mr. Humphrey Tetteh, Dr. Peter Nyano, and Executive Secretary Sakina Twumasi....