GNPC Explorco has emerged as a key focus of the latest report by the Public Interest and Accountability Committee (PIAC), which says the company must account for $561.65 million in outstanding petroleum revenues amid a broader downturn in Ghana’s oil sector. According to the report, the unaccounted funds linked to Explorco, a subsidiary of the...
Author: Energy Crossroad (Energy Crossroad)
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Mahama Inspects New Transformers in Tamale, Approves 500 Units to Boost Northern Power Supply
Distribution Company in Tamale as part of his #ResettingGhana Tour of the Northern Region, reaffirming the government’s commitment to improving electricity supply across the country.During the visit, President Mahama said many transformers currently in operation have become overstretched due to rising demand, explaining that equipment installed decades ago is now serving much larger populations, resulting...
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CEMSE Petitions Authorities Over Alleged Fuel Data Manipulation and Smuggling by Life Energy
The Center for Environmental Management and Sustainable Energy (CEMSE) has petitioned the relevant state authorities to conduct an urgent forensic investigation into alleged fuel data manipulation, possible smuggling, and suspected economic sabotage involving Life Energy, an Oil Marketing Company, and four of its retail outlets located at Sefwi Osei Kojokrom, Sefwi Debiso, Sefwi Yawmatwa, and...
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Marketing Companies, Not Government, Reducing Fuel Margins – Hon. George Aboagye.
Hon. George Kwame Aboagye Hon. George Kwame Aboagye, the Ranking Member on the Parliamentary Select Committee on Energy, has clarified that the recent relief in fuel prices at the pump is a result of voluntary margin reductions by Oil Marketing Companies (OMCs) rather than a direct tax cut by the government. Amidst public outcry over...
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GRIDCo, Ghana Gas announce five-hour shutdown of Atuabo Gas Plant
The Ghana Grid Company Limited (GRIDCo) and Ghana National Gas Company have announced a planned shutdown of the Atuabo Gas Processing Plant to allow for critical system restoration works.In a press release dated April 19, 2026, the two institutions said the temporary shutdown is necessary to facilitate the replacement of a damaged Burner Management System...
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Ghana Risks Losing Up to $2 Billion if Power Outages Persist, Warns ASEC
Accra, Ghana – April 2026 — The Africa Sustainable Energy Centre (ASEC) warns that Ghana could loseup to $2 Billion if the current trend of persistent power outages continues unchecked. These disruptions arealready affecting households, businesses, critical services, and overall economic productivity, posing asignificant threat to national development and investor confidence.Recent outages have begun to...
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Strait of Hormuz Blockade Could Trigger ‘Largest Energy Crisis’ — IEA
The Executive Director of the International Energy Agency (IEA), Fatih Birol, has warned that Europe may have just six weeks of jet fuel remaining as the airline industry grapples with supply disruptions caused by the Middle East conflict. Birol cautioned that flight cancellations could begin “soon” if oil supplies continue to be blocked due to...
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Explorco Revenue Gap: Mandate Quarterly Sovereign Petroleum Disclosure – Energy Chamber to Gov’t
Energy Chamber of Ghana has called for the immediate implementation of mandatory quarterly sovereign petroleum transfer disclosure reports to address a staggering US$561.65 million revenue gap linked to GNPC’s subsidiary, Explorco. This demand comes in response to findings that indicate a significant portion of petroleum revenues failed to reach the Petroleum Holding Fund (PHF), signaling...
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Fuel price cuts won’t translate instantly – ACEP boss explains why
Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye, has cautioned that recent interventions to stabilise fuel prices will not immediately translate into relief for consumers. Speaking on PM Express Business Edition on Joy News Thursday, on the sidelines of the IMF Spring Meetings in Washington DC, he said the impact of...