Dr. Patrick K. Ofori, Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), has endorsed the government’s 24-hour economy initiative, describing it as a strategic move to boost productivity, energy security, and economic growth. Speaking at the signing of a Memorandum of Understanding (MoU) between the petroleum downstream industry and the 24-Hour Economy...
Category: Energy
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Oil Prices Plunge Below $100 as Trump Announces Iran Ceasefire
Oil prices plunged below $100 in early Asian trading on Wednesday after President Trump announced a conditional two-week ceasefire agreement with Iran. At the time of writing, WTI had dropped by 13.96% to trade at $97.18, while Brent Crude had fallen to $95.05, down 13.01% on the day. The dramatic selloff came on the back...
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Nigeria Achieves 1.84m Bpd Crude Oil Production in March
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a significant surge in the country’s crude oil output, with production reaching 1.84 million barrels per day (bpd) in March 2026. This performance marks a robust recovery from the 1.48 million bpd recorded in February 2026, signaling a potential end to the operational volatility that has...
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Fuel Tax Cuts Offer Only Short-Term Relief, Risk Worsening Ghana’s Debt — Energy Expert Warns
Legal practitioner and energy expert, Lom Nuku Ahlijah, has cautioned that government interventions to reduce fuel taxes or eliminate levies will provide nothing more than a temporary reprieve for Ghanaian consumers amidst rising global energy costs.While the pressure to cushion the public from the fallout of international conflicts is mounting, such fiscal maneuvers do not...
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Gov’t Clears $1.7bn Energy Debt Owed to IPP
resident John Dramani Mahama has reaffirmed the successful resolution of a staggering $1.7 billion debt overhang within the nation’s power sector, marking a pivotal turning point in Ghana’s quest for energy stability. Speaking at the 2026 Kwahu Business Forum, the President detailed a comprehensive fiscal cleanup that has effectively neutralized the financial “drag” that the...
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COMAC threatens to halt Atuabo LPG deliveries over price gap
The Chamber of LPG Marketing Companies (COMAC) has warned the National Petroleum Authority (NPA) and government officials that Liquified Petroleum Gas (LPG) deliveries from Atuabo may be suspended unless urgent action is taken to close a nearly GH¢1.00/kg price gap with Tema-based suppliers. In a letter directed to the NPA, the Chief Executive Officer (CEO)...
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Ghana Boycotts Africa Energies Summit as Industry Pushes Back Against Discrimination
Ghana has moved to boycott the upcoming Africa Energies Summit in London this May, a decision that reflects growing frustration across the African oil and gas industry over discrimination, exclusion and the marginalization of African voices at events that claim to represent the continent’s energy future. Energy Chamber Ghana has released a statement calling on...
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Expert Warns Against Rapid Adoption of Electric Vehicles
. Mr. Wisdom Ahiataku Togobo, the former Director of Renewable Energy at the Bui Power Authority, has issued a stern warning regarding the aggressive push for electric vehicle (EV) integration in Ghana, citing significant risks to the national stability of power supply.He cautioned that while the global shift toward green mobility is commendable, a rapid...
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NPA CEO Inaugurates Steering Committee for Centre of Excellence for The Downstream Petroleum Sector
The Chief Executive of the National Petroleum Authority (NPA), Mr. Godwin Kudzo Tameklo (Esq), on Tuesday, March 31, 2026, inaugurated a 15-member multi-stakeholder steering committee to spearhead the development of a Centre of Excellence for the downstream petroleum sector. The proposed NPA Centre of Excellence is envisioned as a strategic institutional platform that will support...
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National Chairman of TUC and GTPCWU Warns of Looming Fuel Supply Risks, Urges Strategic Policy Action
The National Chairman of the General Transport, Petroleum and Chemical Workers’ Union (GTPCWU) of the Trades Union Congress Ghana, Bernard Owusu, has cautioned that Ghana faces significant fuel supply risks if urgent and strategic policy measures are not implemented. In a strongly worded statement, Mr. Owusu stressed that fuel supply stability cannot be maintained through...