The Food and Beverages Association of Ghana (FABAG) has issued a strong condemnation of the latest utility tariff adjustments announced by the Public Utilities Regulatory Commission (PURC), describing the increases as unjustified, insensitive and unacceptable. In a statement released on Sunday, December 7, the association rejected the 9.8% increase in electricity tariffs and 15.9% upward...
Category: Energy
Post
Post
Cybele Energy’s Guyana oil deal opens strategic frontiers for Ghanaian investors – Commerce Chamber
Ghanaian businesses should consider turning their attention to Guyana, now one of the world’s fastest-growing petroleum frontiers. This comes after Ghanaian-owned Cybele Energy secured a major offshore oil block that could unlock a new wave of international investment opportunities for local firms.Cybele Energy is expected to sign the Production Sharing Agreement for the shallow-water Block...
Post
ACEP Cautions Government Against Direct Oil Production Over GNPC’s $1.5bn Governance Failures
Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye, has cautioned that Ghana should refrain from venturing into state-led oil production, citing severe governance lapses and inefficiencies at the Ghana National Petroleum Corporation (GNPC). Speaking during the NorvanReports, Economic Governance Platform (EGP) and Ghana Anti-Corruption Coalition (GACC) X Space Discussion themed “Beyond...
Post
Ghanaian company to sign oil exploration agreement with Guyana
Ghanaian-owned energy firm Cybele Energy Ltd is set to make a major stride on the international stage as it prepares to sign an agreement to explore for oil in a shallow-water block in Guyana. The deal, expected to be concluded next Tuesday, December 9, was confirmed by Guyana’s Minister of Natural Resources, Vickram Bharrat, on...
Post
Ghana, Germany Hold 2025 Intergovernmental Negotiations in Accra
Ghana and Germany on Tuesday held the 2025 session of their Intergovernmental Negotiations at the Mövenpick Ambassador Hotel in Accra, with discussions centered on advancing Ghana’s clean energy transition and strengthening bilateral cooperation. Deputy Minister for Energy and Green Transition, Richard Gyan-Mensah, represented the sector minister, Hon. John Abdulai Jinapor (MP), and highlighted Ghana’s progress...
Post
Investment Consortium AMS/Double Tree Capital Bank Explores Investment Opportunities at Petroleum Hub
Representatives of the investment consortium AMS/Double Tree Capital Bank paid a courtesy call on the Petroleum Hub Development Corporation (PHDC) on Wednesday, December 3, 2025, to familiarise themselves with the wide range of investment opportunities at the hub. Led by Dr Yusif Sulemana, a Technical Advisor at the Ministry of Energy and Green Transition, the...
Post
New Utility Tariffs Will Burden Ghanaians – Nii Lante Vanderpuye Warns
National Coordinator for the District Road Improvement Programme (DRIP), Nii Lante Vanderpuye, has called on government and regulatory authorities to reconsider the recently announced increases in electricity and water tariffs, describing the adjustments as excessive and potentially burdensome for citizens. Speaking on Channel One TV’s Breakfast Daily on Thursday, December 4, Mr. Vanderpuye said the...
Post
Energy Minister Welcomes Africa to Accra for REFA 2025, Highlights Ghana’s $3.4bn Clean Energy Drive
The Minister for Energy and Green Transition, John Jinapor, has officially opened the 3rd Renewable Energy Forum Africa (REFA 2025) in Accra, welcoming delegates from across the continent and the global renewable energy community. The high-level forum brings together investors, policymakers, and industry leaders to discuss emerging opportunities, promote investments, and strengthen strategies aimed at...
Post
Consumers shouldn’t pay for utility inefficiencies – ICEG criticises latest PURC tariff review.
Institute of Climate and Environmental Governance (ICEG)has warned that the recent tariff hikes approved by the Public Utilities Regulatory Commission (PURC) will unfairly burden ordinary Ghanaians, “leaving consumers in the dark” instead of easing their plight. The Institute of Climate and Environmental Governance (ICEG), in a statement dated Wednesday, December 3, 2025, strongly criticised the...
Post
PURC Announces 9.86% Increase in Electricity Tariffs, Water Tariffs up 15.92% From January 2026
The Public Utilities Regulatory Commission (PURC) has approved upward adjustments in electricity and water tariffs, effective January 1, 2026, following the completion of its 2026–2030 Multi-Year Tariff Review (MYTO). In a statement, the Commission said the tariff decision is the outcome of months of investment hearings, stakeholder engagements and regional public consultations held nationwide as...