The Acting Chief Executive Officer of Tema Oil Refinery (TOR), Mr. Edmund Kombat, has expressed the profound appreciation of the Board, Management and Staff of the Refinery to His Royal Majesty, the Ga Mantse King Tackie Tsuru for his visionary leadership and unwavering commitment to promoting investment and economic development in Ghana. On Tuesday, the...
Author: Energy Crossroad (Energy Crossroad)
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Oil Tycoon Kofi Abban Reportedly Gifts Shatta Wale Luxury Ferrari
Ghanaian businessman and oil entrepreneur Kofi Abban has reportedly gifted award-winning dancehall artiste Shatta Wale a luxury Ferrari, a gesture that has generated widespread attention and admiration across social media. According to reports circulating online, the high-performance sports car was taken from Mr. Abban’s personal garage and presented to the musician. While details surrounding the...
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ZEN Petroleum Posts GH¢96.56m First-Quarter Profit on GH¢1.78bn Revenue
ZEN Petroleum Holdings Plc reported a profit after tax of GH¢96.56 million for the three months ended June 30, 2026, as sales of fuel, lubricants and consignment-stock management services generated revenue of GH¢1.78 billion during the company’s first reporting period. The petroleum holding company recorded gross profit of GH¢165.37 million after cost of sales reached...
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Ghana’s power sector reforms target financial stability; government moves to clear IPP payment gaps
The government says ongoing reforms in Ghana’s energy sector are aimed at improving financial sustainability, reducing costs and preventing a return to the accumulation of large outstanding debts owed to Independent Power Producers (IPPs). The Deputy Energy Minister, Richard Gyan-Mensah, says the sector has recorded significant improvements despite inheriting challenges, including high IPP debts and...
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30% transport fare hike reflects failure of state policy – Benjamin Nsiah
Energy expert Benjamin Nsiah has criticised Ghana’s transport pricing system, describing the possible 30% increase in fares proposed by transport operators as a sign of deeper policy failures.The Ghana Private Road Transport Union (GPRTU) has warned that fares could rise by 30% due to increasing fuel prices and operational costs. However, Nsiah said transport fare...
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Transport fares should not rise permanently over temporary fuel shocks – Oil marketers
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, has suggested that the government could temporarily suspend the additional GH¢1 Energy Sector Levy component to cushion transport operators facing rising fuel prices.Dr Oppong said such an intervention could help reduce pressure on drivers and prevent the immediate transfer of...
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Parliamentary Committee on Economy and Development Lauds NPA for Advancing Ghana’s Downstream Petroleum Sector
The Parliamentary Select Committee on Economy and Development has commended the National Petroleum Authority (NPA) for its impressive work in regulating Ghana’s downstream petroleum sector. The Chairperson of the Parliamentary Committee on Economy and Development, Hon Eric Afful, who gave the commendation said the NPA was crucial to Ghana’s economy in terms of keeping the...
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Ghana Hosts 60th APUA Meetings to Push Continental Power Integration
Ghana has become the centre of Africa’s electricity integration agenda this week as power utility leaders, regulators and energy experts from across the continent converge in Accra for the 60th Annual General Meetings of the Association of Power Utilities of Africa (APUA), a gathering that could shape the next phase of regional electricity market development...
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Star Oil CEO Explains Fuel Price Increases Amid Global Oil Volatility
Motorists across Ghana who have watched fuel prices climb steadily despite being only halfway through the current petroleum pricing window may soon face further increases if global oil market conditions remain unstable, according to the Chief Executive Officer of Star Oil, Kwame Tieku. In a detailed explanation shared on his social media platform, Mr. Tieku...
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Ghana’s Nuclear Ambitions Gather Pace as Africa Eyes SMRs
Africa’s next chapter in electricity generation may not be written by sprawling conventional nuclear plants but by a new generation of compact reactors designed for countries with smaller power grids, a development that could significantly reshape Ghana’s long-term energy strategy as the country pushes to diversify its electricity mix and strengthen energy security.Across the continent,...