The National Petroleum Authority (NPA) has moved to address longstanding concerns among Ghana’s petroleum tanker drivers, following strike actions linked to poor road conditions, inadequate parking facilities and other operational challenges across the downstream petroleum supply chain. NPA Chief Executive Officer, Godwin Kudzo Tameklo, assured the Ghana National Petroleum Tankers Drivers Union (GNPTDU) that the...
Category: News
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Tinubu Pledges Gas-Powered Industrial Expansion, Defends Energy Reforms in Independence Address
ABUJA, Nigeria — October 1, 2026 —- Energy Crossroad President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to using Nigeria’s natural gas resources to support industrial growth, while defending the government’s economic reforms and rejection of a return to the previous fuel-subsidy system. In his Independence Day address to Nigerians on Thursday, Tinubu said...
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Crude Oil Prices, Cedi Weakness Push Ghana Fuel Prices Higher – COMAC
The Chamber of Oil Marketing Companies (COMAC) says all major petroleum products recorded increases in the latest pricing window, driven largely by higher international crude oil and refined product prices, as well as a weaker Ghana cedi. For the October 1–15, 2026 pricing window, petrol prices increased by between 2.12% and 3.31%, while diesel prices...
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Government Commissions 6,000-Metric-Tonne LPG Storage Terminal
The Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has joined stakeholders in the downstream petroleum sector to commission a new 6,000-metric-tonne Liquefied Petroleum Gas (LPG) Storage Terminal and witness the maiden delivery of LPG by MT Asharami Ghana. The facility is expected to increase Ghana’s national LPG storage capacity and strengthen the...
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Russia launches largest attack on Ukraine energy infrastructure since spring
Russia has launched the largest attack on Ukraine’s energy infrastructure since the spring, primarily targeting Kyiv and the surrounding region, Ukraine’s Prime Minister has said. At least five people were killed in overnight attacks across the country, including a child in the Kyiv region, Serhiy Koretskyi said. The strikes also impacted people’s power supplies, with...
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GRA Wins $393m Tax Arbitration Case Against Tullow Oil Ghana
The Ghana Revenue Authority (GRA) has won an international arbitration case against Tullow Ghana Limited, with a tribunal upholding in full a tax assessment of US$393.09 million imposed on the oil producer. The dispute arose from the taxation of proceeds Tullow received under a business interruption insurance policy. The case was heard under the Arbitration...
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Peter Obi Makes U-Turn on Fuel Subsidy, Says Corruption Must Go Before Subsidy Returns
By Energy Crossroad Former Anambra State Governor and presidential candidate Peter Obi has stirred fresh debate over Nigeria’s fuel subsidy policy after appearing to indicate that subsidy could return if corruption within the system is eliminated. Speaking in a recent video, Obi identified corruption as a major problem affecting the country and argued that addressing...
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COPEC Projects 23% Diesel Price Jump in October as Global Oil Prices Rise
Ghanaian motorists and businesses could face a sharp increase in diesel prices in the first pricing window of October 2026, with the Chamber of Petroleum Consumers (COPEC) projecting a rise of 22.91%. The Chamber estimates that the mean price of diesel could increase from GH¢18.24 to GH¢22.42 per litre, reflecting rising international petroleum prices and...
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ACEP Demands Clarity Over GH¢2.05bn UPPF Balance
The Africa Centre for Energy Policy (ACEP) is demanding greater transparency over the finances of Ghana’s Uniform Petroleum Pricing Fund (UPPF) after an Auditor-General’s performance audit identified a GH¢2.05 billion gap between receipts and expenditure during the period under review. ACEP says the finding raises a broader policy question over how petroleum-pricing margins are determined,...
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GOIL to drill first oil well on October 22, 2026
Ghana Oil Company Limited (GOIL) is set to commence drilling its first oil well on October 22, 2026, as the company advances plans to enter Ghana’s upstream petroleum sector. Managing Director of GOIL, Edward Abambire Bawa, says preparations are at an advanced stage, with an operational simulation involving key partners and service providers scheduled ahead...