The Board of Directors of the African Development Fund has approved a grants package worth $23.36 million to bring clean and reliable electricity to the city of Bosaso, Somalia. The Rehabilitation and Expansion of Bosaso Power Grid and Strengthening of Energy Sector Institutions project, funded through the African Development Fund ($9.62 million) and the Transition...
Category: Energy
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US, Russia Allegedly Discuss Nuclear Plant Crypto Mining
Russian media claimed on Friday that the Trump administration held talks with Russia over joint management of Ukraine’s Zaporizhzhia Nuclear Power Plant, including the potential to use its power for crypto mining, Russian newspaper Kommersant has revealed. The discussions, which have not been independently confirmed, were allegedly held without Ukraine’s participation, and likewise proposed resuming...
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Gov’t targets 99.9% electricity access by 2030 – Deputy Energy Minister
Government has reaffirmed its commitment to achieving near-universal access to electricity, pledging to raise the national access rate from the current 89.03 per cent to about 99.9 per cent by 2030. Deputy Minister for Energy and Green Transition, Richard Gyan Mensah, said the goal is central to accelerating socio-economic development, particularly in underserved communities. Government...
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Deputy Energy Minister Inspects 141MW AKSA Power Plant at Anwomaso in the Ashanti region.
The Deputy Minister of Energy and Green Transition, Richard Gyan-Mensah, on behalf of the Sector Minister, Dr. John Abdulai Jinapor, has led a working visit to the 141-megawatt AKSA Power Plant at Anwomaso to inspect ongoing commissioning works. The visit forms part of the government’s broader efforts, under the leadership of President John Dramani Mahama,...
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Energy sector shortfall persists; to balloon to US$1.10bn in 2026 – IMF
Despite marked improvements, the energy sector shortfall persists, the International Monetary Fund has disclosed in its Staff Report on Ghana. In 2025, the energy sector shortfall was over US$500 million. According to the IMF, this was assumed by the government, either through legacy debt payments or fuel purchases. While this is significantly below the budgeted...
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Russia plans to build a nuclear power plant on the Moon next decade
Ever since Soviet cosmonaut Yuri Gagarin became the first human to go into space in 1961, Russia has prided itself as a leading power in space exploration, but in recent decades it has fallen behind the United States and, increasingly, China. Russia’s ambitions suffered a massive blow in August 2023 when its unmanned Luna-25 mission...
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PHDC Hosts Final Staff Durbar Of 2025
The Petroleum Hub Development Corporation (PHDC) held a strategic end-of-year Staff Durbar on Friday, December 19, 2025. The program brought together management and staff to reflect on the corporation’s achievements in 2025 and outline strategic priorities for the year ahead. The durbar, held in an atmosphere of unity and optimism, provided a platform for management...
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Tema Oil Refinery Holds Final Staff Durbar for 2025
Tema Oil Refinery (TOR) has held its fifth and final staff durbar for the year, marking another milestone in its ongoing efforts to revive operations. The durbar took place on Friday, December 12, 2025, under the auspices of the Managing Director, Edmond Kombat Esq. In line with TOR’s commitment to good governance and transparency, the...
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Industry Players Join NPA to Mark 20 Years of Petroleum Sector Regulation
The National Petroleum Authority (NPA) marked its 20th anniversary with a grand gala night at the Alisa Hotel in Accra, bringing together management, staff, retirees and industry partners to celebrate two decades of regulatory service and institutional growth. The event provided an opportunity to reflect on the Authority’s achievements over the past 20 years, while...
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Energy minister assures stable power as Ghana hits peak demand in December
Amid the twinkling lights and heightened commercial activity of the Christmas season, the Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, has issued a firm guarantee that the national power grid will remain stable, despite surging to a historic all-time high in energy consumption.The minister’s assurance comes as the Ghana Grid Company (GRIDCo)...