StarOil will maintain its current petroleum product prices for the ongoing pricing window, with Chief Executive Officer Kwame Tieku saying the decision is intended to cushion consumers from higher costs at the pump. The decision means customers of the oil marketing company will not face an upward adjustment in StarOil’s prices during the window, even...
Category: Breaking News
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Namibia Must Turn Oil Discoveries into Lasting National Wealth – President
Namibia must move swiftly from oil discoveries to responsible development and ensure that petroleum resources translate into jobs, business opportunities, skills and sustainable national wealth, President Dr. Netumbo Nandi-Ndaitwah has said. The President said the country’s emerging oil and gas industry must become a catalyst for economic transformation, industrialisation and enterprise development rather than operate...
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Mahama Cancels Fuel Allowances for Political Appointees Under Reset Agenda to Rein in Public Spending
In a significant move to curb government expenditure, President John Dramani Mahama has ordered the immediate suspension of fuel allowances and fuel allocations to all political appointees. The decision, announced on Tuesday, July 15, 2025, underscores the administration’s commitment to fiscal prudence and energy resource efficiency. A statement released by the Minister for Government Communications...
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Ghana’s Power Utility Launches Nationwide Revenue Drive: “Operation ALL MUST PAY”
Ghana’s Power Utility Launches Nationwide Revenue Drive: “Operation ALL MUST PAY” The Electricity Company of Ghana (ECG) has announced the rollout of a comprehensive national revenue mobilisation initiative titled “Operation ALL MUST PAY”, as part of efforts to recover outstanding customer debts and strengthen its financial viability. Scheduled to run from Monday, July 14 to...
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IMF Endorses Ghana’s Move to Liberalise Power Distribution Sector.
The International Monetary Fund (IMF) has backed Ghana’s decision to liberalise the operations of its state-owned power distributor, the Electricity Company of Ghana (ECG), opening the door to private sector participation in a bid to strengthen the country’s struggling energy sector. In its July 2025 country report on Ghana’s US\$3 billion Extended Credit Facility (ECF)...
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Ghana’s Star Oil Emerges as Market Leader in Petroleum Sales for First Half of 2025
ACCRA, GHANA Indigenous oil marketing company, Star Oil, has solidified its position as the top petroleum distributor in Ghana, outperforming long-standing industry leader GOIL in total product sales for the first five months of 2025. This development was revealed in the National Petroleum Authority’s (NPA) Oil Marketing Companies (OMCs) Performance Statistics for January to May...
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GMP expresses concern over misleading media reports based on spurious petition
Accra, Ghana – 7th July 2025 – GMP has taken note of several recent media reports that appear to be based on a petition allegedly submitted by Petraco Energies DMCC to the Economic and Organised Crime Office (EOCO). These reports repeat claims that are not only inaccurate but also misleading and damaging, creating an unfortunate...
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Springfield Refutes Petraco Allegations, Labels Claims “False and Misleading”
Springfield Exploration and Production Limited (SEP) has firmly denied allegations made by Petraco Oil Company SA, describing them as “false, unfounded, and without merit.” The accusations surfaced after Petraco filed a petition with the Economic and Organised Crime Office (EOCO), prompting widespread media attention. However, Springfield insists the matter is purely a commercial dispute currently...