National Petroleum Authority (NPA), has spearheaded a landmark regulatory shift by signing a Memorandum of Understanding (MoU) with the 24-Hour Economy Authority to institutionalize round-the-clock operations within Ghana’s downstream petroleum industry. This strategic partnership, formalized in Accra, aims to synchronize the energy supply chain with the government’s broader “24H+” economic transformation agenda, ensuring that fuel...
Category: News
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GNPC Marks International Women’s Day with Renewed Commitment to Women’s
Inclusion, Growth, and Leadership.The Ghana National Petroleum Corporation (GNPC) has reaffirmed its commitment to creating deliberate pathways for women to grow, lead, and contribute across the petroleum value chain as it marked International Women’s Day 2026 in collaboration with the Petroleum Ladies Association (PELA). Held in Accra under the theme, “From Desk to Drilling: Giving...
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Mahama Unveils $2bn Jubilee Investment, Signals Stronger Role for Tema Oil Refinery
Mahama Unveils $2bn Jubilee Investment, Signals Stronger Role for Tema Oil RefineryPresident John Dramani Mahama has announced a major $2 billion investment agreement to expand gas production at the Jubilee Field, while placing renewed emphasis on revitalizing the Tema Oil Refinery (TOR) as a key pillar in Ghana’s energy value chain.The investment, formalized through a...
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OMCs increase in fuel prices at pumps: GOIL sells petrol at GH¢13.30 and diesel GH¢17.10
Some Oil Marketing Companies (OMCs) have started increasing pump prices etc of the scheduled April 1, 2026, adjustments under the Price Deregulation Policy.One of the biggest players in the industry, GOIL, announced in a social media post that petrol has increased from GH¢12.24 to GH¢13.30 per litre, while diesel has risen from GH¢15.69 to GH¢17.10...
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COMAC Projects Fuel Price Increases Amid Surge in Global Oil Prices
The Chamber of Oil Marketing Companies (COMAC) has projected an increase in ex-pump fuel prices for the upcoming pricing window, citing rising global oil prices and ongoing geopolitical tensions. According to COMAC, crude oil prices surged sharply from $86.55 per barrel to $109.66 per barrel, with Brent crude on track for a record consecutive monthly...
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Africa Could Emerge As The Biggest Winner In Iran War
The ongoing Middle East conflict has upended global energy markets, cutting off supplies of approximately 8 million barrels of crude per day and 20% of liquefied natural gas (LNG). Brent crude has surged more than 50% to around $110/bbl since the conflict erupted in late February, while the U.S. stock market has lost nearly $4...
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Vice President Opoku-Agyemang to Attend Africa Energy Technology Conference in Accra
The Vice President of Ghana, Jane Naana Opoku-Agyemang, has confirmed her participation in the upcoming Africa Energy Technology Conference 2026 (AETC 2026), scheduled to take place from May 19 to 21, 2026, at the Labadi Beach Hotel.The conference, organized in partnership with the Ministry of Energy and Green Transition, is expected to bring together key...
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Crude Oil Prices Drop, not Weakness but A Signal – Expert Urges
Emmanuel De-Graft Johnson, a leading policy analyst, has characterized the recent downturn in global crude oil prices not as a sign of diminishing market strength, but as a sophisticated signal of shifting geopolitical sentiment. While traditional market observers might interpret a price dip as a cooling of global demand, De-Graft Johnson argues that the current...
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COMAC Advocates Policy Balance to Strengthen Competition and Protect Consumers
The Chamber of Oil Marketing Companies (COMAC) has called for a more balanced policy framework to ensure fair competition and enhanced consumer protection within Ghana’s downstream petroleum sector. Speaking at a panel discussion during the 2026 World Consumer Rights Day, COMAC’s Director for Policy and Regulations, Mohammed Issah, stressed that safeguarding consumers requires policies that...
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Governments Tap Oil Reserves as Iran War Strains Supply
Governments moved again this week to release and build oil reserves as the supply shock from the Iran war deepened and the Strait of Hormuz remained constrained. Japan began releasing about one month of state-held crude, adding to earlier draws from private stockpiles, while the United States is already in the middle of one of...