Years after the Public Interest and Accountability Committee (PIAC) began issuing recommendations on how Ghana should better manage petroleum revenues, the country’s independent oil revenue watchdog says too many of those proposals continue to go unimplemented, raising fresh concerns about accountability and value for money in the sector. The Committee is now calling for stronger...
Category: Energy
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Total Energies Marketing Ghana PLC holds landmark 50th AGM, reaffirms commitment to shareholders value
PIAC Pushes for Action as Unimplemented Oil Revenue Advice Mounts Years after the Public Interest and Accountability Committee (PIAC) began issuing recommendations on how Ghana should better manage petroleum revenues, the country’s independent oil revenue watchdog says too many of those proposals continue to go unimplemented, raising fresh concerns about accountability and value for money...
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Mahama to Commission Discharge of 1 Million Barrels of Jubilee Crude to TOR
President John Dramani Mahama is expected to officially commission the discharge of one million barrels of crude oil from Ghana’s Jubilee Field into the storage tanks of the Tema Oil Refinery (TOR) in the coming weeks, as government moves to strengthen domestic refining capacity. The development was disclosed to Energy CrossRoad.com by the Managing Director...
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Karpowership expands fleet with a new Sea Lion class powership
Karpowership has marked a major milestone in the expansion of its global fleet with the steel-cutting ceremony of its new “Sea Lion” class Powerships.Held at the HSG Sungdong shipyard in South Korea, the ceremony officially marked the start of construction on the first vessel in a series of four next-generation Powerships.The ceremony was attended by...
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Government Reaffirms Commitment to TOR Modernisation as Refinery Eyes Energy Security Role
The government has reaffirmed its commitment to the modernisation and recapitalisation of the Tema Oil Refinery (TOR), positioning the state-owned refinery as a critical pillar in Ghana’s long-term energy security strategy. The assurance was given by the Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, during TOR’s 18th Annual General Meeting (AGM) in...
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COMAC Projects Further Drop in Fuel Prices as Global Oil Market Slump Pushes Down Costs
The Chamber of Oil Marketing Companies (COMAC) is projecting a further reduction in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG) at the pumps for the first pricing window of July 2026. According to COMAC’s latest pricing outlook, petrol prices are expected to decline by between 1.94 per cent and 9.31 per cent,...
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TOR Records First Profit in a Decade as Refinery Posts GHS1.4 Billion Profit Before Tax in 2025
The Managing Director of the Tema Oil Refinery (TOR), Edmond Kombat, has announced a major financial turnaround for the state-owned refinery, with the company recording its first profit in a decade, at its 18th Annual General Meeting (AGM) held in Accra. Mr. Kombat said TOR posted a profit before tax of GHS1.415 billion for the...
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Energy Minister Commends TOR as Refinery Presents Nine Years of Audited Accounts
The Minister for Energy and Green Transition, John Abdulai Jinapor, on Tuesday joined the Board, Management and stakeholders of the Tema Oil Refinery (TOR) at the company’s Annual General Meeting, where audited financial statements spanning 2017 to 2025 were presented.The presentation of the nine years of audited accounts marks a major milestone in restoring TOR’s...
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ACEP Launches Project to Strengthen Ghana’s Energy Security and Institutional Capacity
The Africa Centre for Energy Policy (ACEP) has officially launched a new initiative aimed at strengthening Ghana’s energy security and economic resilience through improved policy implementation and institutional coordination.The project, titled “Advancing Policy Reform and Institutional Capacity for Energy Security and Economic Resilience in the Emerging Transition Economy,” was inaugurated at an inception meeting that...
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China’s Energy Future Runs on Coal and Solar
China will continue spending heavily on both coal and alternative energy, such as wind and solar, over the next five years, Beijing’s latest five-year plan revealed this month. The apparent paradox sees the world’s largest emitter by far continue to generate a solid portion of its energy from coal while also boosting the largest alternative...