The Managing Director of the Tema Oil Refinery (TOR), Edmond Kombat, has announced a major financial turnaround for the state-owned refinery, with the company recording its first profit in a decade, at its 18th Annual General Meeting (AGM) held in Accra. Mr. Kombat said TOR posted a profit before tax of GHS1.415 billion for the...
Category: Energy
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Energy Minister Commends TOR as Refinery Presents Nine Years of Audited Accounts
The Minister for Energy and Green Transition, John Abdulai Jinapor, on Tuesday joined the Board, Management and stakeholders of the Tema Oil Refinery (TOR) at the company’s Annual General Meeting, where audited financial statements spanning 2017 to 2025 were presented.The presentation of the nine years of audited accounts marks a major milestone in restoring TOR’s...
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ACEP Launches Project to Strengthen Ghana’s Energy Security and Institutional Capacity
The Africa Centre for Energy Policy (ACEP) has officially launched a new initiative aimed at strengthening Ghana’s energy security and economic resilience through improved policy implementation and institutional coordination.The project, titled “Advancing Policy Reform and Institutional Capacity for Energy Security and Economic Resilience in the Emerging Transition Economy,” was inaugurated at an inception meeting that...
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China’s Energy Future Runs on Coal and Solar
China will continue spending heavily on both coal and alternative energy, such as wind and solar, over the next five years, Beijing’s latest five-year plan revealed this month. The apparent paradox sees the world’s largest emitter by far continue to generate a solid portion of its energy from coal while also boosting the largest alternative...
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GRIDCo shutdown Achimota, Mallam power stations following torrential rains.
Torrential rains and severe flooding across the Greater Accra Region have forced an emergency, temporary shutdown of the Mallam and Achimota primary substations. In a joint statement released today, the Ghana Grid Company Ltd. (GRIDCo) and the Electricity Company of Ghana (ECG) explained that the drastic measure was taken to protect both infrastructure and human...
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Karpowership Ghana wins 2 prestigious awards at 2026 Health, Environment, Safety and Security (HESS) Awards
Karpowership Ghana Company Limited has once again demonstrated its commitment to environmental sustainability and operational excellence by winning two prestigious honours at the 2026 Health, Environment, Safety and Security (HESS) Awards. The company received the Best Environmental Protection Campaign Award and the Best Company in Environmental Management Practices Award, recognising its outstanding environmental stewardship, commitment...
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Forget energy transition, produce oil like nothing before
Forget energy transition, produce oil like nothing before The world does not have an energy problem. It has an energy supply problem. As demand rises, populations grow, and billions of people continue to live without reliable access to electricity and clean cooking technologies, the case for producing more energy has never been stronger. From Africa...
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Africa Shifts Focus to Power Infrastructure to Tackle Energy Poverty
frica’s energy debate is increasingly moving beyond how to generate electricity to how to deliver it reliably, as governments, investors and industry leaders place greater emphasis on power infrastructure needed to support industrialisation and close the continent’s electricity access gap. That shift is expected to take centre stage at African Energy Week (AEW) 2026 through...
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Fuel Levy cash cleared IPP debts and restored Ghana’s credit standing – PURCboss
The Executive Secretary of the Public Utilities and Regulatory Commission (PURC), Dr Shaffic Suleman, says revenue from the GH¢1 levy on petroleum products has been critical in clearing long-standing energy sector debts and stabilising Ghana’s power supply. Speaking on Joy News’ PM Express Business Edition, he said the funds—amounting to what he described as about...
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Ghana Now Producing 28,000Bpd Under New Turnaround
Hon. John Abdulai Jinapor, the Minister for Energy and Green Transition, has announced a massive resurgence in Ghana’s domestic petroleum refining sector, revealing that the nation has successfully achieved a production capacity of 28,000 barrels per day (bpd). This remarkable turnaround follows years of total stagnation at the state-owned Tema Oil Refinery (TOR), an asset...