The Bank of Ghana has reported that total inflows into the Petroleum Holding Fund (PHF) amounted to US$399.65 million in the second half of 2025, comprising crude oil lifting proceeds, corporate income taxes and interest earned on the PHF account. In its semi-annual report on Ghana’s Petroleum Finds for H2 2025, the Central Bank said...
Category: Energy
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Crude Oil Lifting Proceeds Fall to $198.2m in H2 2025
The Bank of Ghana has reported a sharp decline in petroleum lifting receipts in the second half of 2025, with inflows into the Petroleum Holding Fund (PHF) falling significantly compared to the same period a year earlier. In its semi-annual report on Ghana’s Petroleum Finds for H2 2025, the Central Bank said the PHF received...
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NPA increases price floor for February window with petrol up to GH¢9.99 and diesel pegged at GH¢10.95
The National Petroleum Authority (NPA) has announced new minimum price levels for petroleum products for the first pricing window of February 2026, covering February 1 to February 15.Under the directive, no Oil Marketing Company (OMC) or LPG Marketing Company (LPGMC) is permitted to sell petroleum products below the approved price floor during the period.According to...
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Dr Toni Aubynn Calls for Regional Minerals Market Integration at Africa Trade Summit
The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr Toni Aubynn, has called on Ghana to take a leadership role in advancing a regionally integrated minerals market in Africa, stressing that the country stands to gain significantly from such an initiative. Dr Aubynn made the remarks on Thursday, 29 January 2026, during...
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How fuel underdogs became market leaders
By Vivian Kai LOKKO For decades, Ghana’s downstream petroleum industry followed a familiar script. A few dominant brands controlled the pumps, set the tone on quality, and commanded fierce customer loyalty. Local oil marketing companies (OMCs) operated on the fringes—present, but rarely powerful. That story has now been shattered Over the past five years, Ghana’s...
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GOIL Group CEO & MD Pays Courtesy Call on Chief of Defence Staff
GOIL PLC has reaffirmed its commitment to supporting Ghana’s national security architecture following a high-level engagement between the company’s leadership, led by the Group CEO and MD, Mr Edward Abambire Bawa, and the Chief of Defence Staff (CDS), Lieutenant General William Agyapong.The visit held at the General Headquarters of the Ghana Armed Forces, formed part...
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Finance minister pledges full budget support for PIAC amid funding uncertainty
By Kizito CUDJOE-BftFinance Minister Dr. Cassiel Ato Forson has pledged to release 100 percent of budgeted funds to the Public Interest and Accountability Committee (PIAC), following months of financial uncertainty which have constrained the committee’s ability to independently oversee management of Ghana’s petroleum revenues.The assurance was given at a meeting with PIAC several months after...
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From Farm-ins to First Oil: How Collaboration is Driving Namibia’s Upstream Development
As Namibia targets first oil production by 2029, collaboration has emerged as one of the defining forces shaping the country’s upstream trajectory. With deepwater exploration characterized by high capital intensity, complex geology and long development timelines, partnerships are no longer optional – they are essential. As the country advances towards first oil, platforms such as...
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NEDCo Manager unhappy about infiltration of fake electricity meters
The Sunyani Area Manager of the Northern Electricity Distribution Company (NEDCo), Mr Eugene Odoi Addo, has expressed concern about the influx and use of fake electricity meters. He said the situation remained worrying, saying that it was detrimental to NEDCo’s operations, causing significant losses to the nation. Mr Addo raised the concern at a programme...
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GOIL Reaffirms Support for National Security in Courtesy Call on IGP
The Group CEO & MD of GOIL PLC, Mr. Edward Abambire Bawa, has paid a courtesy call on the Inspector-General of Police, Mr. Christian Tetteh Yohuno, to strengthen the long-standing partnership between GOIL and the Ghana Police Service.The engagement focused on sustaining reliable fuel supply to support police operations nationwide, addressing implementation challenges, and exploring...