The Acting Chief Executive Officer of Tema Oil Refinery (TOR), Mr. Edmund Kombat, has expressed the profound appreciation of the Board, Management and Staff of the Refinery to His Royal Majesty, the Ga Mantse King Tackie Tsuru for his visionary leadership and unwavering commitment to promoting investment and economic development in Ghana. On Tuesday, the...
Category: Energy
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ZEN Petroleum Posts GH¢96.56m First-Quarter Profit on GH¢1.78bn Revenue
ZEN Petroleum Holdings Plc reported a profit after tax of GH¢96.56 million for the three months ended June 30, 2026, as sales of fuel, lubricants and consignment-stock management services generated revenue of GH¢1.78 billion during the company’s first reporting period. The petroleum holding company recorded gross profit of GH¢165.37 million after cost of sales reached...
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Ghana’s power sector reforms target financial stability; government moves to clear IPP payment gaps
The government says ongoing reforms in Ghana’s energy sector are aimed at improving financial sustainability, reducing costs and preventing a return to the accumulation of large outstanding debts owed to Independent Power Producers (IPPs). The Deputy Energy Minister, Richard Gyan-Mensah, says the sector has recorded significant improvements despite inheriting challenges, including high IPP debts and...
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30% transport fare hike reflects failure of state policy – Benjamin Nsiah
Energy expert Benjamin Nsiah has criticised Ghana’s transport pricing system, describing the possible 30% increase in fares proposed by transport operators as a sign of deeper policy failures.The Ghana Private Road Transport Union (GPRTU) has warned that fares could rise by 30% due to increasing fuel prices and operational costs. However, Nsiah said transport fare...
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Transport fares should not rise permanently over temporary fuel shocks – Oil marketers
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, has suggested that the government could temporarily suspend the additional GH¢1 Energy Sector Levy component to cushion transport operators facing rising fuel prices.Dr Oppong said such an intervention could help reduce pressure on drivers and prevent the immediate transfer of...
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Parliamentary Committee on Economy and Development Lauds NPA for Advancing Ghana’s Downstream Petroleum Sector
The Parliamentary Select Committee on Economy and Development has commended the National Petroleum Authority (NPA) for its impressive work in regulating Ghana’s downstream petroleum sector. The Chairperson of the Parliamentary Committee on Economy and Development, Hon Eric Afful, who gave the commendation said the NPA was crucial to Ghana’s economy in terms of keeping the...
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Ghana Hosts 60th APUA Meetings to Push Continental Power Integration
Ghana has become the centre of Africa’s electricity integration agenda this week as power utility leaders, regulators and energy experts from across the continent converge in Accra for the 60th Annual General Meetings of the Association of Power Utilities of Africa (APUA), a gathering that could shape the next phase of regional electricity market development...
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Ghana’s Nuclear Ambitions Gather Pace as Africa Eyes SMRs
Africa’s next chapter in electricity generation may not be written by sprawling conventional nuclear plants but by a new generation of compact reactors designed for countries with smaller power grids, a development that could significantly reshape Ghana’s long-term energy strategy as the country pushes to diversify its electricity mix and strengthen energy security.Across the continent,...
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Energy Minister Pushes Financing Agenda for Africa’s Energy Future
Africa’s energy transition will continue to lag behind its enormous resource potential unless governments, financiers and development institutions fundamentally rethink how energy projects are financed, Energy and Green Transition Minister Dr. John Abdulai Jinapor has warned. Addressing the Stellenbosch Business School Alumni Association Thought Leadership Forum in Accra, the Minister argued that financing, not resource...
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SPE Board of Directors Convenes in Nairobi to Advance Global Energy Agenda
SPE Board of Directors Convenes in Nairobi to Advance Global Energy AgendaNairobi, Kenya – The Society of Petroleum Engineers (SPE) Board of Directors convened in Nairobi, Kenya, marking a significant milestone in a week of high-level engagements focused on advancing Africa’s role in the global energy sector. The meeting brought together regional and international leaders...