The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, says government’s decision to cushion diesel prices is a welcome move, but insists it falls short of addressing Ghana’s long-term fuel price challenges.His comments come after the government announced a ¢ 2-per-litre intervention on diesel to cushion consumers following another round of increases...
Author: Energy Crossroad (Energy Crossroad)
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Fuel pricing norm broken as market turns ‘radically volatile’ – COMAC CEO
The CEO of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, says Ghana’s fuel market has entered an unusually volatile phase, forcing oil marketing companies (OMCs) to respond in ways rarely seen under the country’s pricing system. His comments come as the government rolls out a ¢ 2-per-litre cushioning on diesel after another...
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LPG Demand Accelerates, but Supply Strategy Faces a New Test
Ghana’s latest petroleum import figures show that LPG imports continued to rise during the review period, signalling sustained growth in household and commercial demand for cooking gas.The trend is important because LPG has become one of the most visible components of Ghana’s clean-cooking and energy-transition agenda.The data indicate that LPG remains heavily dependent on imported...
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Tullow Cuts Gross Debt to US$1.60 Billion as Ghana Operations Drive Stronger Outlook
Tullow Oil has sharply upgraded its 2026 free cash flow guidance to between US$170 million and US$250 million, supported by stronger-than-expected production from its Ghana operations, higher realised oil prices and progress in recovering receivables owed by the Government of Ghana. The London- and Ghana-listed producer said operational performance during the first half was driven...
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‘Energy debt clearance claim is not true’ – Kwadwo Poku
Energy analyst Kwadwo Poku has disputed the government’s claim that it has cleared all outstanding debts in Ghana’s energy sector, insisting that available figures do not support the assertion. Speaking at an NPP policy committee press conference on August 5, Mr. Poku said the data published by the Public Utilities Regulatory Commission (PURC) contradicts the...
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S/Africa targets Dangote Refinery secondary listing after planned Nigeria IPO
The Johannesburg Stock Exchange (JSE) is courting Dangote Petroleum Refinery for a secondary listing following the company’s scheduled initial public offering (IPO) on the Nigerian Exchange (NGX) later this year. The pursuit forms a broader part of the South African bourse’s strategy to attract high-profile African corporates and expand cross-border liquidity, positioning itself as the...
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Dangote Refinery turns to Libyan crude as supply from Nigeria slows!
Dangote Refinery has continued to intensify the diversification of its crude feedstock, reducing its dependence on Nigerian grades as it ramps up imports from Libya and other African producers to sustain high operating rates. According to crude tracking data by Argus Media, domestic crude accounted for 71 percent of the refinery’s feedstock in July, down...
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GOIL Posts GH¢75.72 million Profit as Operating Cash Flow Falls 58.99%
GOIL PLC delivered a modest increase in profit during the period ended June 30, 2026, but beneath the improvement in headline earnings sits a more complicated financial picture: revenue declined, operating profit weakened, cash generated from operations fell sharply, receivables climbed above GH¢2.65 billion and the petroleum marketer continued to operate with current liabilities exceeding...
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Ghana’s power sector crisis deepens as IMF reveals $1.4bn loss in 2025
Ghana’s energy sector recorded financial losses of about US$1.4 billion in 2025, equivalent to 1.5 percent of the country’s Gross Domestic Product, as persistent tariff shortfalls, power losses and weak revenue collection continued to strain public finances, the International Monetary Fund (IMF) has said. In its latest Selected Issues Paper, the Fund said the sector’s...
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Jinapor engages NPA over GHS2 diesel price reduction
Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has engaged the National Petroleum Authority (NPA) and other key stakeholders on the implementation of government’s decision to reduce the price of diesel by GHS2 per litre. The intervention follows a directive by President John Dramani Mahama aimed at cushioning consumers from the impact of...