Accra, Ghana – July 16, 2025 – Fuel prices across Ghana have surged following the official implementation of a new GH¢1 energy sector levy, commonly referred to as the “D-Levy”, aimed at addressing the country’s ballooning energy sector debt. The levy, which took effect today, is being enforced under the Energy Sector Levies (Amendment) Act...
Category: Energy
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Mahama Cancels Fuel Allowances for Political Appointees Under Reset Agenda to Rein in Public Spending
In a significant move to curb government expenditure, President John Dramani Mahama has ordered the immediate suspension of fuel allowances and fuel allocations to all political appointees. The decision, announced on Tuesday, July 15, 2025, underscores the administration’s commitment to fiscal prudence and energy resource efficiency. A statement released by the Minister for Government Communications...
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Ghana’s Energy Ministry Ties Future of GH₵1 Fuel Levy to Sector Performance
The Ministry of Energy and Green Transition has clarified that the continuation or cancellation of the controversial GH₵1 fuel levy will depend on the evolving needs and performance of Ghana’s energy sector. Speaking on Joy FM’s Super Morning Show on Monday, July 14, Richmond Rockson, Head of Communications at the Ministry, said the levy was...
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Malawi Secures $2.15 Million Boost for Power Interconnection With Tanzania
Malawi has received a significant boost in its quest to end persistent electricity blackouts, following the approval of a USD 2.15 million (approximately MWK 3.6 billion) grant for the Tanzania-Malawi (TAMA) Electricity Interconnector Project. The funding, approved by the Multilateral Cooperation Centre for Development Finance (MCDF), will be used to update the feasibility and Environmental...
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Sahara Energy Secures $225m Loan to Drive Global Expansion, Sustainability.14 July 2025(Abuja)
Sahara Energy Resource Limited has announced the successful closing of a USD 225 million unsecured, committed Revolving Credit Facility (RCF). The facility was significantly oversubscribed, underscoring the confidence of the international financial community in Sahara’s business model, performance, and strategic vision of bringing energy to life responsibly. The new facility is supported by a syndicate...
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Forex stability offers relief to fuel sector – CBOD
By Joshua Worlasi AMLANU The country’s fuel import sector is seeing signs of stability following a significant improvement in foreign exchange (FX) supply and operational reforms, with Bulk Oil Distribution Companies (BDCs) reporting over US$1 billion in FX inflows in the first half of 2025 alone. The recent forex support stems from closer coordination between...
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Ghana Boosts Gas Supply Following Major ENI Infrastructure Upgrade
Ghana’s Ministry of Energy and Green Transition has announced a successful upgrade to ENI’s gas infrastructure, resulting in an increase in gas output from 245 million standard cubic feet per day (MMscfd) to 270 MMscfd. The Ministry hailed the development as a major step toward strengthening the country’s energy security and advancing its sustainable power...
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Vivo Energy Ghana and McKingtorch Africa Inspire Environmental Stewardship Through Innovative School Engagement
As part of its Green4Clean Schools Renewable Energy Project, Vivo Energy Ghana, the exclusive Shell licensee in the country, has teamed up with McKingtorch Africa, a climate-focused social enterprise and United Way Ghana to engage schoolchildren in environmental sustainability through a practical learning experience. The initiative saw pupils from La Enobal Basic School embark on...
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NNPC Considers Refinery Divestment Amid Mounting Losses and Failed Revamps
Nigeria’s state oil giant, the Nigerian National Petroleum Company (NNPC) Limited, is exploring the option of offloading its long-troubled refineries, despite billions of dollars already sunk into multiple rehabilitation efforts with little success to show. The Group Chief Executive Officer of NNPCL, Bayo Ojulari, disclosed the development during the 9th OPEC International Seminar in Vienna,...
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IMF Flags Ghana’s Soaring \$2.2bn Energy Sector Deficit, Citing Fiscal Risks and Inefficiencies
Ghana’s energy sector financing gap is forecast to reach US\$2.2 billion by the end of 2025 raising alarm over deepening fiscal strain, according to the International Monetary Fund’s (IMF)* latest country report. The widening shortfall is attributed to rising operational losses at the Electricity Company of Ghana (ECG), sluggish electricity tariff adjustments, and increasing power...