Professional services firm PwC has cautioned that while the recently revised Energy Sector Levies are poised to strengthen Ghana’s power supply and reduce sector debt, they also risk burdening consumers with higher fuel costs and rising inflation. In its analysis of the 2025 Mid-Year Budget Review, PwC highlighted the dual-edged impact of the Energy Sector...
Category: Energy
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VRA’s Anwomaso Thermal Power Project Honoured as Project of the Year at 2025 NPMC Awards
The Volta River Authority’s (VRA) Anwomaso Thermal Power Project has clinched the prestigious Project of the Year award at the 2025 National Project Management Conference (NPMC) and Project Management Excellence Awards, cementing its reputation as a leader in infrastructure development and energy innovation. The award, presented at a ceremony held at Aqua Safari Resort in...
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Ghana to Host Africa Oil Week 2025: A Catalyst for Regional Energy Transformation
Ghana is set to host the prestigious Africa Oil Week (AOW): Investing in African Energy 2025 summit this September, an event expected to serve as a major turning point for the country’s energy ambitions and the wider West African region. The high-level gathering will position Ghana at the heart of continental energy dialogue, investment attraction,...
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Burkina Faso secures €6 million boost for Dédougou Solar Plant in push for energy independence
In a major step toward reducing energy poverty and enhancing sustainable development, the Sustainable Energy Fund for Africa (SEFA), under the African Development Bank (AfDB), has committed €6 million to finance the 18-megawatt Dédougou Solar Power Plant in western Burkina Faso. The investment is a strategic part of the Desert-to-Power initiative, a regional drive to...
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Nigeria, China in diplomatic talks over viral video alleging abuse of Nigerian miners in the Central African Republic (CAR)
A video that recently surfaced online, allegedly showing Nigerian miners stranded in the Central African Republic (CAR), has triggered a diplomatic response from both Nigeria and China. The footage, though not independently verified, has led to public concern and official investigations after individuals in the video claimed they had been trafficked and left behind by...
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Ghana Saves $1.4 Billion from Crude Oil Revenue Since 2010-Latest Report
Ghana has accumulated a total of $1.4 billion in savings since it began commercial crude oil exports, according to the latest Petroleum Investment Report. The amount comprises revenues from oil exports, taxes from petroleum firms operating in Ghana, and rental payments made to the state since the country commenced commercial production in 2010. Fund Performance...
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PHDC Hosts Strategic Talks with International Investor Consortium on Petroleum Hub Development
The Petroleum Hub Development Corporation (PHDC) on Monday, July 28, 2025, held high-level discussions with a consortium of five investment and engineering firms exploring potential collaboration on Ghana’s ambitious Petroleum Hub project. The consortium includes local partner IBS Dolphin Ltd, Egypt-based Gharably Integrated Engineering Co. (GIECO), Worldwide Container Services, an international marketing agency, and a...
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Ghana Rakes in $370.6 Million from Crude Oil in First Half of 2025
Ghana generated $370.62 million in petroleum revenues during the first half of 2025, according to the latest Petroleum Semi-Annual Report released by authorities. The bulk of the earnings $218.62 million came from crude oil liftings conducted between January and March 2025. Additionally, the country received $148.75 million in corporate taxes paid by key industry players...
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Transparency and Reform in NPA’s Fund Management: Decoupling Roles for Accountability
The Centre for Environment Management and Sustainable Energy (CEMSE) is calling for urgent reforms within the National Petroleum Authority (NPA), advocating a clear separation between the Authority’s regulatory role and its management of petroleum-related funds. CEMSE argues that the NPA’s dual mandate has led to a lack of transparency and accountability, with significant revenue surpluses...
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Eni bets on energy transition profits to match oil and gas by 2035
Italian oil major Eni expects profits from its green businesses to rival those from oil and gas within a decade, in a bold bet that contrasts with a retreat from renewables by Shell and BP after lacklustre returns. “By 2035, the [operating profit] created by our new companies will balance what is coming from oil...