Accra — August 1, 2025 GOIL PLC, Ghana’s leading indigenous oil marketing company, has reported a sharp decline in profits for the second quarter of 2025, even as revenues ticked upward a sign of persistent cost pressures and tight margins plaguing the downstream petroleum sector. Unaudited financial results for the period ending June 30, 2025,...
Category: News
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GOIL Brings the Energy to Nsawam and Koforidua with Vibrant Community Engagements
Nsawam/Koforidua — August 1, 2025 GOIL PLC continues to deepen its relationship with transport operators and everyday drivers through lively, on-the-ground customer engagement events in Nsawam and Koforidua led by the South-East Marketing Zone. The two community activations formed part of GOIL’s broader effort to directly connect with key stakeholders in Ghana’s transport ecosystem, offering...
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GOIL Unveils Smart Energy Innovations in Final Leg of Nationwide Stakeholder Tour
Accra — August 1, 2025 GOIL PLC is charting a bold new course for Ghana’s energy future with a suite of transformative initiatives aimed at redefining fuel retailing and accelerating the country’s transition toward smart, clean energy. At a high-level stakeholder engagement in Accra the final leg of a nationwide tour with dealers from the...
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Mahama Orders Renegotiation of Land Deal to Fast-Track Petroleum Hub Project in Jomoro
President John Dramani Mahama has announced a major revision to the government’s approach to the Petroleum Hub Development Project in the Jomoro Municipality of the Western Region, aimed at ensuring fair compensation for landowners and accelerating project execution. Speaking at a meeting with the Western Regional House of Chiefs on Wednesday, July 30, 2025, President...
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BOST Advances Solar Energy Push to Power Fuel Depots Under National Green Transition Agenda
The Bulk Oil Storage and Transportation Company (BOST) has launched an ambitious solar energy initiative across its major fuel depots, reinforcing its commitment to Ghana’s national Energy Transition Framework. This strategic rollout forms part of BOST’s broader sustainability agenda aimed at cutting emissions, reducing fuel costs, and aligning with the country’s goal of achieving net-zero...
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Shell profit dips as energy prices fall 31st July 2025
British energy giant Shell on Thursday said its net profit slid 23 per cent in the first six months of the year, hit by lower oil and gas prices. Profit after tax dropped to $8.4 billion compared with $10.9 billion in the first half of 2024, Shell said in an earnings statement. Group revenue dropped...
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FG eyes N796bn annually from 5% petrol surcharge 31st July 2025
The Federal Government may rake in N796bn annually from the introduction of a five per cent surcharge on locally produced and imported petrol, based on its new tax policy slated to take effect from January 1, 2026, an analysis by The PUNCH has revealed. The five per cent surcharge on refined petroleum products is contained...
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Green Finance Workshop in Addis Ababa Rallies Stakeholders for Ethiopia’s Sustainable Industrial Future
The Africa-China Centre for Policy and Advisory (ACCPA), in collaboration with the African Climate Foundation (ACF), has successfully hosted the Green Finance Workshop – Addis Ababa 2025, a landmark event focused on advancing strategies for financing Ethiopia’s green industrial transformation. Held at the Golden Tulip Hotel in Addis Ababa, the workshop convened over 45 influential...
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Energy Levies to Boost Power Stability but May Fuel Inflation and Transport – PwC
Professional services firm PwC has cautioned that while the recently revised Energy Sector Levies are poised to strengthen Ghana’s power supply and reduce sector debt, they also risk burdening consumers with higher fuel costs and rising inflation. In its analysis of the 2025 Mid-Year Budget Review, PwC highlighted the dual-edged impact of the Energy Sector...
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VRA’s Anwomaso Thermal Power Project Honoured as Project of the Year at 2025 NPMC Awards
The Volta River Authority’s (VRA) Anwomaso Thermal Power Project has clinched the prestigious Project of the Year award at the 2025 National Project Management Conference (NPMC) and Project Management Excellence Awards, cementing its reputation as a leader in infrastructure development and energy innovation. The award, presented at a ceremony held at Aqua Safari Resort in...