A critical pillar of the turnaround at the Tema Oil Refinery (TOR) is not only infrastructure rehabilitation but a deliberate effort to rebuild workforce confidence and reshape institutional culture. Managing Director, Edmund Kombat disclosed this during a visit by members of the Africa Extractives Media Fellowship (AEMF), who toured the facility recently under the auspices...
Author: Energy Crossroad (Energy Crossroad)
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Oil production decline poses long-term threat to fiscal stability
By Kizito CUDJOE The country’s steady decline in oil production is emerging as a long-term threat to fiscal stability, eroding a once-reliable revenue stream and exposing the budget to heightened volatility at a time of tightening economic conditions, a resource governance expert has cautioned. With crude output falling consistently after peaking in 2019 and petroleum...
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Ghana, Pakistan Deepen Energy Ties Following High-Level Meeting
The Minister for Energy and Green Transition, John Jinapor, has held high-level discussions with Pakistan’s Ambassador to Ghana, Najeeb Durrani, aimed at strengthening bilateral cooperation in the energy sector. The meeting, held at the Ministry of Energy and Green Transition, focused on enhancing the longstanding relationship between Ghana and Pakistan, with particular attention to areas...
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The Government of Ghana has introduced a series of temporary measures aimed at mitigating the impact of rising petroleum prices on the domestic market.
In a statement released by Presidency Communications on Wednesday, April 15, 2026, the government announced it would absorb a portion of the costs for both diesel and petrol to provide relief to citizens and businesses. Attached is a copy of the release by the energy ministry.
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Global Oil Prices Surge 18% as COMAC Warns of Continued Pressure on Fuel Costs
The Chamber of Oil Marketing Companies (COMAC) has reported a sharp rise in global crude oil prices in 2026, with averages climbing from $109.66 per barrel to $129.80 per barrel—an 18.37% increase driven largely by escalating geopolitical tensions. The chamber says despite rising international prices, it projects a mixed trend for ex-pump prices in the...
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Gov’t Moves to Fix Power Distribution Challenges with Major Infrastructure Upgrades – Jinapor
The Minister for Energy and Green Transition, John Abdulai Jinapor, has announced a series of investments and technical interventions aimed at improving the reliability and quality of electricity supply across Ghana, following growing concerns over intermittent outages. In a statement addressing the nation, the Minister acknowledged persistent power disruptions, particularly in Accra and Kumasi, noting...
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Wrong-Way Bets on Oil Had a Star Trader Hundreds of Millions in the Hole
Vitol, one of the world’s largest commodity-trading firms, is among companies hardest hit by the Iran war A team led by a star trader at Vitol, the world’s biggest oil merchant, took a several hundred million dollar hit early in the Iran war after bets in the petroleum market went awry, people familiar with the...
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Obsolete Refinery Plants Undermine Fuel Stability; COPEC Boss Calls for Upgrades
Duncan Amoah, the Executive Secretary of the Chamber of Petroleum Consumers (COPEC), has intensified calls for the government to prioritize technical and strategic investments in the Tema Oil Refinery (TOR) to prevent the nation’s energy security from being compromised by “inefficient, old, and obsolete” infrastructure. He asserts that the current state of the refinery significantly...
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IMANI, 3 Others Call for GHC1.65 Relief from Petroleum products
MANI Africa, the Chamber of Petroleum Consumers (COPEC), the Institute for Energy Security (IES), and the Institute for Energy Strategy (INSTEPR) have jointly proposed a cumulative reduction of GH¢1.65 in the current petroleum price build-up. This unified call follows a directive from President H.E. Mahama during the most recent cabinet meeting, which tasked the Ministries...
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Petroleum Hub Project— Solution to Ghana’s Energy Security Crisis
Global crude oil markets are once again on edge as prices decisively surged past the $100 per barrel mark following the sudden collapse of a critical ceasefire agreement. The Petroleum Hub Development Corporation (PHDC) notes that this sharp uptick is driven primarily by the renewed threat of closure for the Strait of Hormuz, the world’s...