The National Petroleum Authority (NPA), in collaboration with the chamber of oil marketing companies (COMAC), the Chamber of Bulk Oil Distributors (CBOD), and other leading industry stakeholders, convened the 2025 Downstream CEOs Breakfast Meeting today. The event brought together chief executives and top decision-makers to deliberate on the evolving landscape of Ghana’s downstream petroleum sector....
Category: Energy
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Government Finalises Draft Bill to Establish Nuclear Owner-Operator Company for Parliamentary Consideration
Ghana’s Ministry of Energy and Green Transition has completed a draft bill for onward submission to Parliament for consideration and passage into law, for the establishment an Owner-Operator Company to spearhead the country’s nuclear power programme, according to a parliamentary report adopted on Tuesday, December 9, 2025. The report of the Select Committee on Energy,...
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Senegal Approves Payment for African Energy Bank
The African Energy Bank has received a significant financial boost with Senegal approving its share of payment for the pan-African energy finance vehicle.Senegal approved its share of payment for the African Energy Bank (AEB), which is expected to be paid before the end of 2025. Announced by Dr. Omar Farouk Ibrahim, Secretary General for intergovernmental...
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New SAGFA Report Highlights Ethiopia’s Pathway to a Climate-Resilient Green Economy Through Stronger Green Finance Coordination
A newly released report by the Africa-China Centre for Policy and Advisory (ACCPA), supported by the African Climate Foundation (ACF), provides an in-depth analysis of Ethiopia’s evolving green finance landscape and outlines a pathway for realizing the country’s long-term vision of a Climate-Resilient Green Economy (CRGE). Published under the Sino-Africa Green Finance Alliance (SAGFA), the...
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FG reduces oil block entry costs to $3m
As the 2025 licensing round gets underway, the Federal Government has reduced the signature bonus from $10m to $3m and $7m. The Nigerian Upstream Petroleum Regulatory Commission disclosed this in an update on its website. According to the commission, this was part of the government’s efforts to reduce entry barriers. “Interested in one of the...
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ABAG Rejects New PURC Tariff Hikes, Calls for Immediate Reversal and Reforms at ECG, GWCL
The Food and Beverages Association of Ghana (FABAG) has issued a strong condemnation of the latest utility tariff adjustments announced by the Public Utilities Regulatory Commission (PURC), describing the increases as unjustified, insensitive and unacceptable. In a statement released on Sunday, December 7, the association rejected the 9.8% increase in electricity tariffs and 15.9% upward...
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Cybele Energy’s Guyana oil deal opens strategic frontiers for Ghanaian investors – Commerce Chamber
Ghanaian businesses should consider turning their attention to Guyana, now one of the world’s fastest-growing petroleum frontiers. This comes after Ghanaian-owned Cybele Energy secured a major offshore oil block that could unlock a new wave of international investment opportunities for local firms.Cybele Energy is expected to sign the Production Sharing Agreement for the shallow-water Block...
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ACEP Cautions Government Against Direct Oil Production Over GNPC’s $1.5bn Governance Failures
Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye, has cautioned that Ghana should refrain from venturing into state-led oil production, citing severe governance lapses and inefficiencies at the Ghana National Petroleum Corporation (GNPC). Speaking during the NorvanReports, Economic Governance Platform (EGP) and Ghana Anti-Corruption Coalition (GACC) X Space Discussion themed “Beyond...
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Ghanaian company to sign oil exploration agreement with Guyana
Ghanaian-owned energy firm Cybele Energy Ltd is set to make a major stride on the international stage as it prepares to sign an agreement to explore for oil in a shallow-water block in Guyana. The deal, expected to be concluded next Tuesday, December 9, was confirmed by Guyana’s Minister of Natural Resources, Vickram Bharrat, on...
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Ghana, Germany Hold 2025 Intergovernmental Negotiations in Accra
Ghana and Germany on Tuesday held the 2025 session of their Intergovernmental Negotiations at the Mövenpick Ambassador Hotel in Accra, with discussions centered on advancing Ghana’s clean energy transition and strengthening bilateral cooperation. Deputy Minister for Energy and Green Transition, Richard Gyan-Mensah, represented the sector minister, Hon. John Abdulai Jinapor (MP), and highlighted Ghana’s progress...