Finance Minister Dr Cassiel Ato Forson has announced that the government is developing a 1,200-megawatt state-owned combined-cycle gas-fired power plant at Kafodzidzi-Abrobeano in the Komenda-Edina-Eguafo-Abrem Municipality to boost electricity generation and lower power costs.Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Dr Forson said feasibility studies have confirmed the project’s viability,...
Category: Energy
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Nigeria faces higher power sector emissions as electricity demand grows, says IEA
Nigeria’s drive to expand electricity supply could lead to higher carbon emissions from the power sector in 2026 unless investment in renewable energy accelerates, according to the latest projections by the International Energy Agency (IEA).In its Electricity Mid-Year Update 2025, the IEA projected that global carbon dioxide (CO₂) emissions from electricity generation will increase by...
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Government Bets on Gas to Cut Power Costs, Attract Investment
hana’s energy strategy is undergoing a significant shift as government intensifies efforts to position natural gas, not crude oil, as the cornerstone of the country’s power generation and industrial growth, with new upstream reforms already attracting billions of dollars in investment while laying the groundwork for lower electricity generation costs. The policy direction, outlined by...
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PIAC advises government to involve MMDAs in oil and petroleum-funded projects
he Public Interest and Accountability Committee (PIAC) has called on the government to directly involve Metropolitan, Municipal and District Assemblies (MMDAs) in oil and petroleum-funded projects in their jurisdictions to ensure proper supervision and value for money and holistic development. Speaking to the media after a PIAC project inspection exercise in the Adansi area of...
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Crude oil nears $100 as renewed Middle East conflict rattles global markets
Global oil prices climbed toward the $ 100-per-barrel mark on Thursday as renewed fighting between the United States and Iran heightened fears of prolonged supply disruptions across the Middle East, sending energy markets sharply higher.Checks by Nairametrics on July 23 showed that Brent crude was trading at $98.47 per barrel, representing a 4.68% increase, while...
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Ghana Turns to Huawei Technology to Accelerate Energy Sector Modernisation
Ghana is stepping up efforts to modernise its energy sector through strategic engagement with global technology leaders, as the Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, held high-level discussions with Chinese technology giant Huawei on potential areas of collaboration to support the country’s evolving power infrastructure. The meeting, held during the Minister’s...
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Launch Of Rural Electricity Intensification Project ( REIP) Under The BIG PUSH Programme.
The deputy minister of energy and green transition Richard Gyan Mensah had the honour of representing the Minister for Energy and Green Transition, Hon. Dr. John Abdulai Jinapor, at the official launch of the Rural Electrification and Intensification Programme (REIP) under President Mahama’s BIG PUSH agenda at the Jakpa Palace in Damango. The REIP will...
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Ghana, Russia Strengthen Energy Partnership
Ghana and Russia are seeking to deepen cooperation in the energy sector, with both countries exploring opportunities in nuclear energy, mining and fertiliser production as part of a broader effort to expand bilateral relations that have seen trade surge to more than US$800 million in recent years.The renewed focus on energy cooperation comes as Ghana...
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Joshua Narh Urges Ghana to Build Competitive Downstream Petroleum Industry
Through Refinery ExpansionThe Executive Chairman of the Energy Chamber Ghana, Mr. Joshua Narh, has advocated for strategic and Competitive Downstream Investment in the nation’s petroleum sector, asserting that domestic crude limitations must not hinder refinery expansion.This perspective clarifies that the highest economic returns do not merely accrue to nations that extract raw crude, but to...
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NPA CEO Conducts Overnight Inspection of 24-Hour Economy Pilot at Tema Fuel Depots. Economy Programme in the Downstream Petroleum Sector
Mr. Tameklo, in the company of the Lead for Energy at the 24 Hour Authority, Mr. Roland Azuguvu, the Director for the 24 Hour Programme at the Ghana Police Service, ACP Benjamin Ania, the Tema Regional Commander of Police, DCOP Asiedu, the liaison for the 24 Hour Programme at National Secourity Council Secretariat, Air Commodore...