Energy analyst Kwadwo Poku has disputed the government’s claim that it has cleared all outstanding debts in Ghana’s energy sector, insisting that available figures do not support the assertion. Speaking at an NPP policy committee press conference on August 5, Mr. Poku said the data published by the Public Utilities Regulatory Commission (PURC) contradicts the...
Category: News
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S/Africa targets Dangote Refinery secondary listing after planned Nigeria IPO
The Johannesburg Stock Exchange (JSE) is courting Dangote Petroleum Refinery for a secondary listing following the company’s scheduled initial public offering (IPO) on the Nigerian Exchange (NGX) later this year. The pursuit forms a broader part of the South African bourse’s strategy to attract high-profile African corporates and expand cross-border liquidity, positioning itself as the...
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Dangote Refinery turns to Libyan crude as supply from Nigeria slows!
Dangote Refinery has continued to intensify the diversification of its crude feedstock, reducing its dependence on Nigerian grades as it ramps up imports from Libya and other African producers to sustain high operating rates. According to crude tracking data by Argus Media, domestic crude accounted for 71 percent of the refinery’s feedstock in July, down...
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GOIL Posts GH¢75.72 million Profit as Operating Cash Flow Falls 58.99%
GOIL PLC delivered a modest increase in profit during the period ended June 30, 2026, but beneath the improvement in headline earnings sits a more complicated financial picture: revenue declined, operating profit weakened, cash generated from operations fell sharply, receivables climbed above GH¢2.65 billion and the petroleum marketer continued to operate with current liabilities exceeding...
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Ghana’s power sector crisis deepens as IMF reveals $1.4bn loss in 2025
Ghana’s energy sector recorded financial losses of about US$1.4 billion in 2025, equivalent to 1.5 percent of the country’s Gross Domestic Product, as persistent tariff shortfalls, power losses and weak revenue collection continued to strain public finances, the International Monetary Fund (IMF) has said. In its latest Selected Issues Paper, the Fund said the sector’s...
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Jinapor engages NPA over GHS2 diesel price reduction
Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has engaged the National Petroleum Authority (NPA) and other key stakeholders on the implementation of government’s decision to reduce the price of diesel by GHS2 per litre. The intervention follows a directive by President John Dramani Mahama aimed at cushioning consumers from the impact of...
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EPA launches guidelines to curb fugitive methane emissions in Ghana’s petroleum sector
Ghana’s Environmental Protection Authority (EPA) has launched new guidelines aimed at strengthening the monitoring, reporting and mitigation of fugitive methane emissions from oil and gas operations. The Guidelines for Inspection, Monitoring, and Reporting of Fugitive Methane Emissions from Oil and Gas Operations in Ghana were developed in collaboration with the Clean Air Task Force, Climate...
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Energy Chamber Convenes EV Working Group to Advance Import Duty Reforms
Clean Energy Chamber Convenes EV Working Group to Advance Import Duty ReformsThe Ghana Chamber of Clean Energy (GCCE) has convened the inaugural meeting of its Electric Vehicle (EV) Working Group, bringing together leading companies and stakeholders from Ghana’s electric mobility ecosystem to develop a coordinated industry position on reforms to the country’s electric vehicle import...
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Chevron Gives Employees Half-Month Pay Bonus as Oil Price Surge Lifts Earnings
Chevron is awarding most employees a special bonus equivalent to half of their monthly base salary after the US oil major delivered its strongest quarterly earnings in at least six years, highlighting how the surge in crude prices and operational gains are feeding through to both shareholders and workers. Chief Executive Mike Wirth announced the...
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Ghana Reaffirms $12bn First Phase of Petroleum Hub Project
Ghana’s Petroleum Hub Development Corporation (PHDC), together with Touchstone Capital Partners (TCP) and its international consortium, has reaffirmed progress on the first phase of the Ghana Integrated Petroleum Hub, a development expected to attract approximately US$12 billion in investment under Lot 1 of the project.The confirmation reinforces government’s ambition to establish the country as a...