Escalating geopolitical tensions in the Middle East, triggered by coordinated strikes by the United States and Israel on Iran in late February, have persisted into March, with far-reaching implications for global energy markets. Disruptions to shipping activity through the Strait of Hormuz have tightened supply and heightened volatility in crude oil prices, with Brent crude...
Category: News
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Middle East crisis: Ghana must strengthen long-term energy security – PHDC
The Petroleum Hub Development Corporation has stated that it is time for Ghana to draw lessons from the ongoing Middle East crisis by strengthening long-term energy security. This includes increased strategic fuel reserves, local refining, and accelerated implementation of the petroleum hub project.The corporation is, therefore, advocating for at least 90 days of fuel stock...
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PRESIDENT JOHN MAHAMA TO ATTEND AFRICA ENERGY TECHNOLOGY CONFERENCE 2026 IN ACCRA
Ghana’s President to open continental energy technology conference in Ghana, reinforcing his commitment to intra-African trade and sustainable development ACCRA, GHANA — March 2026 — In a significant endorsement of Africa’s energy transformation agenda, His Excellency John Dramani Mahama, President of the Republic of Ghana, will officially open the Africa Energy Technology Conference (AETC) 2026...
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Iran’s military says Strait of Hormuz will be ‘completely closed’ if US bombs power plants
Iran’s armed forces headquarters has declared it is ready to close the Strait of Hormuz indefinitely if US President Donald Trump carries out a threat to bomb Iran’s power plants. Its statement Sunday is the latest warning from Tehran of retribution for any attacks on the country’s power industry. Trump said Saturday he would order...
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Why the Trump administration is easing sanctions on certain Iranian oil stockpiles.
Trump administration officials are making a desperate push to secure every available barrel of oil amid a worsening energy crisis — even if it means lifting sanctions on the very country that they’re fighting against. But three weeks into war with Iran, the administration is running out of options to contain the skyrocketing price of...
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EPA, TOR among top performers in new PFM compliance rankings
The Ministry of Finance has introduced a Public Financial Management (PFM) Compliance League Table to rank state institutions based on their adherence to fiscal rules, in a move aimed at strengthening transparency and accountability in the use of public funds. In a press release dated March 19, 2026, the Ministry described the initiative as a...
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Jinapor Calls for Urgent Energy Security Measures at Powering Africa Summit 2026
The minister of energy and green transition Dr John Jinapor has delivered the keynote address at the ongoing Powering Africa Summit 2026 at a truly critical moment, amid ongoing global energy shocks. The minister spoke candidly about the real impact of rising oil prices on African households and economies, and the urgent need to secure...
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NPA Boss Tameklo Reaffirms Commitment to Consumer Protection at 2026 World Consumer Rights Day
The Chief Executive of the National Petroleum Authority (NPA), Godwin Kudzo Tameklo Esq., has reaffirmed the Authority’s commitment to consumer protection at the 2026 World Consumer Rights Day celebration held on 19th March 2026 at the NPA Conference Room. The event, under the theme “Safe Products, Confident Consumers in Ghana’s Downstream Petroleum Sector,” brought together...
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Oil Prices Could Hit $150 If War Persists
il prices could hit $150 per barrel or more if the ongoing Middle East conflict persists through the end of March, according to energy intelligence firm Kpler. The warning comes as hostilities escalate, with Iran intensifying attacks on critical energy infrastructure across the region, raising fears of a prolonged supply disruption that could shake global...
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Gov’t to publish GH₵1 fuel levy proceeds by end of March – Energy Ministry
The Ministry of Energy and Green Transition says the government will disclose how much has been generated from the GH₵1 fuel levy and how the funds have been utilised by the end of March.Spokesperson and Head of Communications at the Ministry, Richmond Rockson, said details on accruals from the Energy Sector Levy Act (ESLA) will...