BOSTenergies Limited has recorded a significant improvement in its financial performance, with revenue surging by 195% to GH¢3.81 billion in 2025. The company’s profit after tax also increased by 72% to GH¢684 million, reflecting what the Minister for Energy and Green Transition, Dr John Abdulai Jinapor, described as a strong performance. Dr Jinapor made the...
Category: Energy
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Ghana Seeks New Wave of Upstream Investment Through Reforms, Competitive Terms
Ghana is seeking to unlock a new wave of investment in its upstream petroleum sector by improving regulatory efficiency, strengthening investor certainty and creating more competitive commercial and fiscal conditions. The issue took centre stage during Ghana Day on the second day of Africa Oil Week 2026, where industry stakeholders examined measures needed to convert...
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$3.5bn Investment Drive Set to Lift Ghana’s Oil Production – Energy Ministry Advisor
Ghana is expecting a rebound in crude oil production by the end of 2026, with about US$3.5 billion in fresh investment commitments being channelled into some of the country’s major producing fields. Technical Advisor to the Ministry of Energy and Green Transition, Dr Yussif Sulemana, says increased drilling and renewed investment by operators are already...
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Nigeria’s Energy Transition is not about Oil and Renewables: It’s about Money
Nigeria may be asking the wrong question about its energy future. For years, the national conversation has been framed as a choice between oil and gas on one side and renewable energy on the other. One camp argues that Nigeria must continue exploiting its hydrocarbons. Another insists that the country must movetowards renewables. Both arguments...
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Ghana Advances New South Deepwater Tano Exploration Deal
Ghana has taken another step towards expanding exploration activity in its upstream petroleum sector following the signing of a Memorandum of Understanding (MoU) covering the acquisition of petroleum exploration and production rights over the South Deepwater Tano Block. The agreement brings together the Government of Ghana, the Ghana National Petroleum Corporation (GNPC), Shell Overseas Holdings...
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Ghana Pitches Responsible Investment At AOW 2026
Ghana has used the opening of Africa Oil Week 2026 to reinforce its ambition to attract responsible investment into the petroleum sector while accelerating exploration and ensuring that the country captures greater economic value from its oil and gas resources. Addressing the opening ceremony on behalf of President John Dramani Mahama, Chief of Staff Julius...
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GPRTU to announce new transport fares this week after fuel price hike
The Ghana Private Road Transport Union (GPRTU) says it is preparing to announce new transport fares by the end of this week following another increase in petroleum prices. The union’s Deputy Spokesperson, Samuel Amoah, says the decision has become necessary as transport operators continue to grapple with rising fuel prices alongside increasing costs of spare...
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Petrosol has never defaulted on bank support in 12 years, says CEO
Petrosol CEO Michael Bozumbil says the company’s rapid growth in Ghana’s highly competitive and regulated downstream petroleum sector has been driven by integrity, financial discipline and strong governance.He said Petrosol deliberately built the business around values that have helped it earn the trust of suppliers, banks and regulators. “From day one, we set out to...
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LPG Price Rise Tests Ghana’s Clean-Cooking Push
Ghana’s clean-cooking ambitions could face another affordability challenge as the Chamber of Petroleum Consumers (COPEC) projects a marginal increase in liquefied petroleum gas prices during the first pricing window of September 2026. COPEC expects LPG to sell at approximately GH¢14.19 per kilogramme from September 1, with a possible range of GH¢13.48 to GH¢14.90 depending on...
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Tarkwa Youth Demonstrate In Support Of Gold Fields’ Mining Lease Renewal
Hundreds of youth, opinion leaders and residents from host communities within the catchment area of the Gold Fields Tarkwa Mine have embarked on a peaceful demonstration to express their support for the renewal of the company’s mining lease, which is set to expire in April 2027. The demonstrators marched through the principal streets of the...