Immediate ReversalThe Chamber of Oil Marketing Companies (COMAC) and the Chamber of Bulk Oil Distributors (CBOD) have strongly condemned what they describe as the unlawful diversion of funds from the LPG Fund to the Ghana Cylinder Manufacturing Company (GCMC) and have called its immediate reversal.In a joint statement, the two industry bodies said they were...
Author: Energy Crossroad (Energy Crossroad)
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Energy Minister Engages Cenpower on Power Sector Reforms and Collaboration
The Minister of Energy and Green Transition, Dr. John Jinapor, has received a courtesy call from Cenpower Generation Company Limited, one of Ghana’s leading independent power producers, in Accra.The meeting focused on recent developments within the power sector and explored opportunities for sustained collaboration in support of President John Dramani Mahama’s energy agenda. During the...
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Tinubu Signs Executive Order Mandating Direct Remittance of Oil, Gas Revenues to Federation Account
Nigeria’s President Bola Tinubu has signed a sweeping Executive Order mandating the direct remittance of oil and gas revenues to the Federation Account, in a move aimed at boosting government earnings, eliminating revenue leakages and restructuring key financial provisions under the Petroleum Industry Act (PIA).The directive, issued pursuant to Section 5 of the 1999 Constitution...
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GOIL Sustains Upward Momentum in 2026 Following 95% Share Price Surge
GOIL PLC has carried its strong market performance into 2026 after delivering an impressive 95 percent share price growth in 2025, further strengthening investor confidence in the company’s transformation agenda.The indigenous oil marketing company has emerged as one of the top performers on the Ghana Stock Exchange in the early months of 2026. Its share...
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Ghana Gas CEO Joins Sentuo Group to Celebrate Chinese New Year, Strengthening Energy Ties
The Chief Executive Officer of Ghana National Gas Limited Company (Ghana Gas), Ms. Judith Adjobah Blay, joined the Sentuo Group to mark this year’s Chinese New Year, also known as the Spring Festival, at the premises of Sentuo Oil Refinery Company.The celebration brought together industry leaders and key stakeholders, highlighting the spirit of unity, renewal...
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GNPC Reaffirms Commitment to Safe, Transparent Saltpond Decommissioning Process
The Ghana National Petroleum Corporation (GNPC) has moved to reinforce public confidence in its Saltpond Decommissioning Project, reaffirming its commitment to regulatory compliance, environmental stewardship and sustained community engagement. At a high-level meeting held at Petroleum House with traditional authorities from the Nkusukum Traditional Area, GNPC management sought to clarify the status of ongoing works...
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PIAC Chairman Urges Stronger Safeguards and Transparency in Ghana Heritage Fund Debate
The Chairman of the Public Interest and Accountability Committee (PIAC), Richard Ellimah, has called for stronger safeguards, broader stakeholder engagement and enhanced transparency as debate intensifies over government plans for Ghana Heritage Fund access. Speaking at a Technical Roundtable on proposed amendments to the petroleum revenue management framework, Mr. Ellimah emphasised that decisions surrounding the...
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Beyond the Pump: The Hidden Financial Forces Shaping Ghana’s Downstream Petroleum Market
Ghana’s downstream petroleum sector often appears simple from a distance. The assumption is straightforward: import refined fuel, set prices and sell at the pump.In reality, however, the Ghana downstream petroleum sector is shaped by far more complex forces that determine who thrives, who struggles and who quietly exits the market.Beneath the visible competition of fuel...
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EU Scientific Advisory Board Urges Major Climate Spending Boost as Extreme Weather Costs Soar
The European Union must significantly increase climate spending to accelerate its shift away from hydrocarbons, according to a new warning from the European Union Scientific Advisory Board on Climate Change.The advisory body argues that Europe’s status as the fastest-warming continent underscores the urgency of deeper mitigation and adaptation measures. With the growing frequency of extreme...
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PHDC: Petroleum Hub Lot One to Create Over 30,000 Jobs for Ghanaians
The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Toni Aubynn, has announced that Lot One of the Petroleum Hub project is expected to generate employment for more than 30,000 Ghanaians.Speaking in an interview, Dr Aubynn revealed that significant job opportunities will emerge during both the construction phase and the early operational stages...