BOST Energies Limited Company (BOSTenergies) has reported strong financial and operational growth for the 2025 financial year, recording significant increases in revenue, profitability, assets and shareholder equity, while achieving a historic milestone with the payment of its first-ever dividend to the Government of Ghana. The performance was announced at the Company’s 2026 Annual General Meeting...
Category: News
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Nigeria’s Energy Transition is not about Oil and Renewables: It’s about Money
Nigeria may be asking the wrong question about its energy future. For years, the national conversation has been framed as a choice between oil and gas on one side and renewable energy on the other. One camp argues that Nigeria must continue exploiting its hydrocarbons. Another insists that the country must movetowards renewables. Both arguments...
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Ghana Advances New South Deepwater Tano Exploration Deal
Ghana has taken another step towards expanding exploration activity in its upstream petroleum sector following the signing of a Memorandum of Understanding (MoU) covering the acquisition of petroleum exploration and production rights over the South Deepwater Tano Block. The agreement brings together the Government of Ghana, the Ghana National Petroleum Corporation (GNPC), Shell Overseas Holdings...
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Ghana Pitches Responsible Investment At AOW 2026
Ghana has used the opening of Africa Oil Week 2026 to reinforce its ambition to attract responsible investment into the petroleum sector while accelerating exploration and ensuring that the country captures greater economic value from its oil and gas resources. Addressing the opening ceremony on behalf of President John Dramani Mahama, Chief of Staff Julius...
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GPRTU to announce new transport fares this week after fuel price hike
The Ghana Private Road Transport Union (GPRTU) says it is preparing to announce new transport fares by the end of this week following another increase in petroleum prices. The union’s Deputy Spokesperson, Samuel Amoah, says the decision has become necessary as transport operators continue to grapple with rising fuel prices alongside increasing costs of spare...
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Petrosol has never defaulted on bank support in 12 years, says CEO
Petrosol CEO Michael Bozumbil says the company’s rapid growth in Ghana’s highly competitive and regulated downstream petroleum sector has been driven by integrity, financial discipline and strong governance.He said Petrosol deliberately built the business around values that have helped it earn the trust of suppliers, banks and regulators. “From day one, we set out to...
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LPG Price Rise Tests Ghana’s Clean-Cooking Push
Ghana’s clean-cooking ambitions could face another affordability challenge as the Chamber of Petroleum Consumers (COPEC) projects a marginal increase in liquefied petroleum gas prices during the first pricing window of September 2026. COPEC expects LPG to sell at approximately GH¢14.19 per kilogramme from September 1, with a possible range of GH¢13.48 to GH¢14.90 depending on...
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Tarkwa Youth Demonstrate In Support Of Gold Fields’ Mining Lease Renewal
Hundreds of youth, opinion leaders and residents from host communities within the catchment area of the Gold Fields Tarkwa Mine have embarked on a peaceful demonstration to express their support for the renewal of the company’s mining lease, which is set to expire in April 2027. The demonstrators marched through the principal streets of the...
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Influx of electric vehicles puts pressure on Ghana’s electricity consumption – Energy Minister
The growing number of electric vehicles (EVs) in Ghana is putting additional pressure on the country’s electricity supply, Energy and Green Transition Minister, Dr John Abdulai Jinapor, has cautioned. According to Dr Jinapor, Ghana currently has the highest number of electric vehicles in Africa, a development that, while offering significant economic and environmental benefits, is...
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Africa Needs Affordable Energy to Drive Industrialisation – ACEP
Africa’s industrialisation ambitions will remain constrained unless countries address the high cost of energy, the Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye, has warned. He said energy prices were a major determinant of economic competitiveness and should therefore be treated as a central development issue rather than merely a utility-sector...