In a move designed to stabilise the West African nation’s economy, the administration of President John Dramani Mahama has injected $1.47 billion (approx. GH₵15.76 billion) into Ghana’s energy sector. This capital infusion represents a calculated attempt to repair a fractured international reputation. By prioritising the restoration of the World Bank Partial Risk Guarantee (PRG), the...
Category: News
Post
Post
PUWU blames ECG’s poor performance on political appointments
The Public Utility Workers’ Union (PUWU) of the Trades Union Congress (TUC) in the Ashanti Region has attributed the poor performance of the Electricity Company of Ghana (ECG) to the government’s practice of appointing the Managing Director and assigning key performance indicators (KPIs), even when such appointees fail to deliver. According to the Union, this...
Post
IPGs Applaud Government for Settling Legacy Power Sector Arrears
The Independent Power Generators (IPGs) of Ghana have formally commended the Government of Ghana for settling a significant portion of the long-standing arrears owed to power generation companies in the country.In a statement, the IPGs acknowledged the efforts of the Ministry of Finance and the Ministry of Energy and Green Transition, describing the payments—made in...
Post
IES Hails $1.47bn Energy Debt Clearance, Urges Reforms to Prevent Relapse
The Institute for Energy Security (IES) has commended government for settling US$1.47 billion in energy sector arrears during the 2025 fiscal year, describing the intervention as a decisive step that has stabilised Ghana’s power system and averted a potential grid collapse. In a statement dated January 12, 2026, the energy policy think tank said the...
Post
Benin Offshore Oil Production Resumes After Three Decades
Oil production offshore Benin, Nigeria’s neighbor to the west, is set to begin by the end of January, the field operator said on Monday in what would be the first oil from the redeveloped field after it was shut down in 1998. Akrake Petroleum expects to start production at the Seme Field in Block 1...
Post
AA Rano Unveils Nigeria’s First Fully Automated, Unmanned Fuel Stations
Rano Nigeria, a leading downstream petroleum marketing company, has unveiled Nigeria’s first fully automated and unmanned fuel stations, signalling a major step in the digital transformation of Nigeria’s fuel retail sector. The initiative is part of a strategic partnership with Nigerian technology firm Petrosoft Limited, which specialises in downstream oil and gas management systems. Under...
Post
Ghana Clears US$1.47bn Energy Sector Arrears, Signals New Era of Fiscal Discipline
The Government of Ghana says it has settled approximately US$1.47 billion in outstanding energy sector obligations, a move the Ministry of Finance says has restored financial stability to the sector as of December 31. In a statement issued on Monday, the Ministry disclosed that the payments covered major legacy liabilities, including a US$597.15 million World...
Post
COMAC Raises Alarm Over GRA Enforcement, Warns of Risks to Industry Stability
The Chamber of Oil Marketing Companies (COMAC) has raised concerns over what it describes as ongoing regulatory challenges with the Ghana Revenue Authority (GRA), warning that the issues pose a threat to operational stability and fairness within the petroleum downstream sector.In a press release signed by the industry regulator Dr. Riverson Oppong, the Chamber said...
Post
GNPC and SONATRACH Forge Alliance to Advance African Energy Excellence
In a significant step to bolster technical excellence and regional synergy across the African petroleum value chain, the Ghana National Petroleum Corporation (GNPC) has formalised a strategic partnership with Algeria’s national oil company, SONATRACH. This landmark Memorandum of Understanding (MoU), signed on Tuesday, January 6, 2026, in Brazzaville, Republic of Congo, was established under the...
Post
AIS Motorcycle Team Backs GOIL Fuels for West African Tour
The AIS Motorcycle Team, an international long-distance riding group, has begun its West African tour after endorsing GOIL fuels, citing their quality and competitive pricing. Renowned for championing adventure riding, road safety, and community-oriented initiatives, the team said GOIL’s reliable and cost-effective fuel offerings played a major role in its decision to partner with the...