The International Monetary Fund (IMF) has described Ghana’s renegotiation of legacy arrears owed to Independent Power Producers (IPPs) as a major turning point for the country’s energy sector, signalling renewed investor confidence and improved financial discipline. For years, Ghana’s power sector had been burdened by more than US$2.5 billion in arrears to IPPs, a situation...
Category: Energy
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GNPC Reaffirms Commitment to Operatorship at Second Annual General Meeting
The Ghana National Petroleum Corporation (GNPC) has restated its commitment to achieving full operatorship as it continues to strengthen technical competence, institutional resilience, and financial sustainability. This assurance was given at the Corporation’s Second Annual General Meeting (AGM) held at the Marriott Hotel in Accra under the theme “Consolidating Our March Towards Operatorship”. The meeting...
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Nigeria, Others to Lead Africa’s Upstream Sector Resurgence
Africa’s oil and gas sector is getting ready for a slow comeback in 2026, with Nigeria among the countries to lead the resurgence. This was revealed in a new report titled State of African Energy 2026 Outlook by the African Energy Chamber (AEC). The report says countries like Nigeria, Algeria, Libya, Egypt, and Angola are...
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Decommissioning and Abandonment: The Case Against Creating a New Commission in Nigeria
The recent move by the House of Representatives to establish a National Commission for the Decommissioning of Oil and Gas Installations (NC-DOGI) has sparked intense debate within Nigeria’s petroleum governance space. The Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian National Petroleum Company Limited (NNPCL) have all strongly opposed...
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Sierra Leone Signs Reconnaissance Permit with Eni, Marking Major Step for Upstream Sector
The Petroleum Directorate of Sierra Leone (PDSL) has announced the signing of a Reconnaissance Permit Agreement with Eni S.p.A., one of the world’s leading energy companies — a move hailed as a major milestone for the country’s upstream oil and gas sector. The agreement underscores President Dr. Julius Maada Bio’s agenda to promote economic diversification,...
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GPRTU Commends GOIL for Sustained Quality and Partnership
The Ghana Private Road Transport Union (GPRTU) has applauded GOIL PLC for its consistent supply of high-quality fuels, excellent customer service, and long-standing partnership that has supported Ghana’s transport sector for over six decades. The commendation was made during a courtesy visit by a GOIL delegation to the GPRTU headquarters at the Trades Union Congress...
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State plants running below capacity; IPPs offer better efficiency – Apetorgbor
The Chief Executive Officer of the Independent Power Producers (IPPs), Dr. Elikplim Apetorgbor, has refuted claims that government-owned power facilities are less expensive to manage compared to private ones, asserting that Independent Power Producers offer greater operational efficiency and sustained value to Ghana’s power industry.Speaking during a panel discussion themed “Financing the Future: Tackling Legacy...
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24-Hour Economy: Affordable Energy Key to Industrialization – GUTA
The business community is urging for more reliable and affordable energy to underpin the country’s push for a “24-hour economy”. Speaking on the sidelines of Power Energy Ghana Expo and BuildExpo Ghana 2025, Ghana Union of Traders Association (GUTA) President Joseph Obeng highlighted mounting concerns around high energy costs, which he said are burdening manufacturers...
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Strong Growth Ahead for Africa’s Downstream Sector, Says SPE Africa Regional Director
At a recent downstream sector industry event held in Lagos Nigeria, Dr. Riverson Oppong the Africa Regional Director for the Society of Petroleum Engineers (SPE) and CEO of the Chamber of Oil Marketing Companies Ghana delivered a presentation titled “Emerging Business Models within the Downstream Sector”.Dr. Oppong pointed out that while downstream demand in Europe...
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PHDC CEO Advocates for ‘Just Energy Transition’ at A Rocha Ghana Forum
The Acting Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr. Toni Aubynn, has called for a balanced and equitable shift from fossil fuel dependence to renewable energy systems as Ghana advances its energy transition agenda. Speaking at a stakeholder forum organised by A Rocha Ghana under the theme “Prospering with Nature: Transition...