The energy sector has come under intense scrutiny following the release of the 2024 Auditor-General’s Report, which reveals that state institutions within the Ministry of Energy were responsible for GH¢15.8 billion out of the total GH¢18.4 billion in financial irregularities recorded across the public sector representing 86% of the total. The report highlights a sharp...
Category: News
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CSO Budget Forum Urges Time Limit on New GHS 1 Fuel Levy
Civil society actors are calling on the government to include a time-bound provision in the proposed Energy Sector Levy (Amendment) Bill, 2025, which seeks to introduce a GHS 1 charge on every litre of fuel purchased at the pump. At a recent Civil Society Organisations (CSO) Budget Forum ahead of the 2025 Mid-Year Budget Review,...
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BP appoints new chair to oversee shift back to fossil fuels
Albert Manifold, ex-boss at buildings material company CRH, to take over from embattled Helge Lund BP has appointed a successor to its embattled chair, Helge Lund, as the company breaks from its net zero strategy and pivots back to fossil fuels. Albert Manifold, the former boss of the building material company CRH, will join the BP...
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New Study Warns the World is Running out of Time to Avoid the Worst Impacts of Climate Change
Bad climate news is everywhere. Africa is being hit particularly hard by climate change and extreme weather, impacting lives and livelihoods. We are living in a world that is warming at the fastest rate since records began. Yet, governments have been slow to act. The annual global climate change conference of the parties (COP30) is...
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Dangote Refinery Set to Overtake World’s Sixth Largest Refinery After Expansion to 700,000 Bpd
Dangote Refinery Set to Overtake World’s Sixth Largest Refinery After Expansion to 700,000 Bpd The $20 billion Dangote Petroleum Refinery in Lagos, Africa’s largest single-train oil refinery, is undergoing a strategic upgrade to expand its production capacity from 650,000 barrels per day (bpd) to 700,000 bpd by the end of 2025. This development marks a...
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*Energy Ministry Engages IPPs in $1.7 Billion Debt Renegotiation *
The Ministry of Energy and Green Transition has begun negotiations with Independent Power Producers (IPPs) to restructure $1.7 billion in outstanding payments, as part of efforts to ease Ghana’s energy sector debt burden, currently pegged at \$3.1 billion. Energy Minister John Abdulai Jinapor disclosed the ongoing engagements during a High-Level Dialogue themed “Addressing Ghana’s Energy...
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Dr. Ishmael Ackah: Generation Inefficiencies Deepen Ghana’s Energy Sector Debt Crisis
Dr. Ishmael Ackah, Advisor to the Minister for Energy and Green Transition, has sounded the alarm over persistent inefficiencies in Ghana’s power generation segment, describing it as the leading cause of the country’s growing energy sector debt. Speaking during a high-level stakeholder dialogue on “Addressing Ghana’s Energy Sector Challenges for Economic Transformation,” Dr. Ackah stressed...
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AfDB and SEFA Provide $40 Million Investment in Equity Platform Zafiri to Accelerate Renewable Energy Access Across Africa
access across the continent. Project Zafiri will address the lack of longer-term equity that is constraining the growth of the DRE sector in Africa, Daniel Schroth, Director for Renewable Energy and Energy Efficiency, said, adding that by anchoring the junior equity tranche, SEFA is helping to crowd in private investment at scale. Zafiri aligns with...
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Top 10 African Countries With the Lowest Diesel Prices in July 2025
The cost of diesel has long dominated the rhythm of everyday life in many African countries from the price of food on market shelves to the cost of moving products over thousands of kilometers. In recent months, however, a few African nations have seen minor drops in fuel costs, providing temporary respite to consumers, transport...
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Stakeholders Call for Urgent Reforms as Energy Sector Inefficiencies Cost Ghana 2% of GDP
A strategic high-level dialogue convened by the Africa Centre for Energy Policy (ACEP), in partnership with the Open Society Foundations (OSF) and the Ministry of Energy and Green Transition, has spotlighted the deep-rooted structural inefficiencies plaguing Ghana’s energy sector inefficiencies that are costing the economy an estimated 2% of GDP annually. This figure represents nearly...