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...
Category: Energy
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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)...
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GCMC’S PARTICIPATION IN THE 2025 ENERGY SECTOR AGENCIES PERFORMANCE REVIEW RETREAT
The Ministry of Energy and Green Transition convened a performance review meeting for all sector agencies, providing a valuable platform to reflect on past progress, assess current performance and challenges, and propose practical solutions as we look ahead to 2026. Ghana Cylinder Manufacturing Company Limited (GCMC) actively participated in the review and highlighted our continued...
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Non-performing energy sector heads to be sacked -Energy Minister warns
The Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, has cautioned heads of agencies and senior managers within the energy sector that failure to deliver on their mandates will result in their removal from office. Addressing participants at the Ministry’s performance review retreat, Dr. Jinapor said President John Dramani Mahama has made it...
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Government Reassures Investors of Stability in Ghana’s Upstream Petroleum Sector
Government has reiterated its commitment to maintaining Ghana’s upstream petroleum sector as a safe and attractive destination for investment, as it deepens reforms across both the upstream and downstream segments to strengthen stability in the energy and power sectors. Acknowledging energy as a critical driver of economic activity, government says it has prioritised policies aimed...
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Energy Ministry Holds Performance Retreat to Review 2025 Gains, Set Priorities for 2026
The Ministry of Energy and Green Transition has held a performance retreat to review the sector’s performance in 2025 and outline strategic priorities for 2026. The retreat, organised under the leadership of the Minister for Energy and Green Transition, John Jinapor, brought together heads and senior officials of agencies under the ministry to assess progress...