How Ghana Has Spent Its Oil Wealth Since 2011 — Fourteen Years OnFourteen years after the first barrels of oil flowed from the Jubilee Field, Ghana’s petroleum story remains one of promise and underwhelming returns. Despite earning an estimated $11.58 billion from crude production since 2011, the sweeping transformation many anticipated has yet to materialize.The...
Author: Energy Crossroad (Energy Crossroad)
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WAPP 330kV North Core Interconnection Project hits 70% completion
ort Harcourt — The 330kV North Core Interconnection Project, a flagship regional electricity initiative connecting Nigeria, Niger, Benin/Togo, and Burkina Faso under the West African Power Pool, WAPP, has reached 70 percent completion, with stakeholders expressing renewed determination to fast-track its delivery despite security and logistical challenges. This was disclosed at the 6th Joint Technical...
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Nigerian Senate uncovers unaccounted $303bn in crude oil proceeds, move to expose thieves
In Nigeria the Senate on Wednesday through its ad-hoc committee on crude oil theft in the Niger Delta, uncovered about $303billion unaccounted crude oil sales. The alleged unaccounted $303billion oil sales, was contained in the committee’s interim report presented to the Senate during plenary by Senator Ned Nwoko (Delta North). According to the report, a...
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Stop Exporting Crude: OPEC’s Wake-Up Call to Nigeria
Port Harcourt, Nigeria — November 6, 2025. Professor Wumi Iledare, Professor Emeritus of Petroleum Economics and Principal Facilitator at the FUPRE Energy Business School, has described the recent appeal by the Chairman of OPEC’s Board of Governors, Adeyemi-Bero, for Nigeria to “stop exporting crude” as a timely wake-up call for policy re-direction and economic realism....
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A Culture of Impunity: Why ECG’s Reform Must Begin with Dismissals and Transfers at the Top
The recent scrutiny faced by the Electricity Company of Ghana (ECG) before the nation’s Public Accounts Committee has cast a harsh light on a persistent and deeply troubling issue of systematic overspending of public funds and frivolous procurements. While the staggering financial figures rightly provoke public anger, a more insidious narrative that lies beneath the...
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VRA targets 1,800 megawatts power to sustain power export gains in five years.
The Volta River Authority (VRA) says it is working to add up to 1,800 megawatts of power to Ghana’s generation capacity over the next five years, as part of efforts to maintain its strong position in the regional power export market. Speaking to Joy Business at the Authority’s Annual Stakeholder Meeting, Board Chairman Jabesh Amissah-Arthur...
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𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗶𝘀 𝗿𝗲𝘀𝗵𝗮𝗽𝗶𝗻𝗴 𝘁𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗲𝗻𝗲𝗿𝗴𝘆 𝗹𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲, 𝗮𝗻𝗱 𝗔𝗳𝗿𝗶𝗰𝗮 𝗺𝘂𝘀𝘁 𝗻𝗼𝘁 𝗯𝗲 𝗹𝗲𝗳𝘁 𝗯𝗲𝗵𝗶𝗻𝗱.
At the OTL Downstream Development in Africa Ltd. 2025 Energy Week in Lagos Nigeria, the CEO of the Chamber of Bulk Oil Distributors Dr. Patrick Ofori advocated technology, digitization, and AI as key to making energy more accessible, efficient, and sustainable across the continent. He called on African governments to invest in modern energy technologies...
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Ghana’s Oil Production Declines 32% as Government Moves to Restore Investor Confidence
By Isaac Hughes | Western Region Ghana’s oil sector has recorded a sharp decline in output, with production falling by 32 percent — from 71.4 million barrels in 2019 to 48.2 million barrels in 2024. The downturn, experts warn, poses serious challenges to government revenue and foreign exchange earnings, both of which rely heavily on...
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GNPC Reaffirms Commitment to Innovation and Local Capacity in Petroleum Sector
The Acting Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Kwame Ntow Amoah, has underscored the Corporation’s leadership in advancing innovation, research, and local competence within Ghana’s petroleum industry.Delivering remarks at the opening of the 2025 Local Content Conference and Exhibition (LCCE) in Takoradi, Mr. Amoah called for stronger collaboration among policymakers, investors,...
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Libya Announces New Onshore Oil Discovery
Libya’s National Oil Corporation (NOC) said on Tuesday its wholly-owned subsidiary Arabian Gulf Oil Company (ACOGO) has made a new oil discovery in the Ghadames basin in northwestern Libya, close to the Libyan-Algerian border. The discovery was made in well H1-NC4, with daily production estimated at about 4,675 barrels per day of crude oil, and...