Key stakeholders in Ghana’s energy sector are engaging the World Bank this week as part of the Ghana Energy Sector Recovery Programme for Results (PforR) Implementation Support Mission. The mission, being led by key sector stakeholders including the sector Minister Dr John Abdulai Jinapor, is providing an opportunity to assess progress made under the programme,...
Category: News
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GIPA, GUTA Outline Roadmap to Protect Informal Retail Space for Ghanaians
The Ghana Investment Promotion Authority (GIPA) and the Ghana Union of Traders Association (GUTA) have outlined a collaborative roadmap to safeguard Ghana’s informal retail sector, which is reserved exclusively for Ghanaian citizens under the GIPA Act, 2026 (Act 1117). The strategic meeting, convened under the directive of the Ministry of Trade, Agribusiness and Industry (MoTAI)...
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GNPC’s 2025 Performance Raises Questions Over Production, Liquidity and Capital Strategy
The Ghana National Petroleum Corporation’s (GNPC) 2025 Annual Report presents strong headline financial figures, but a closer examination points to emerging challenges around declining oil production, liquidity, gas-sector exposure and the Corporation’s ambitious capital programme. An analysis of the report by energy analyst Joseph Narh suggests that GNPC’s performance should be assessed beyond its profitability...
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PHDC Deputy CEO Reaffirms Government’s Commitment to Youth Skills Development
The Deputy Chief Executive Officer in charge of Operations and Technical Affairs at the Petroleum Hub Development Corporation (PHDC), Onasis Kobby Rosely, has reaffirmed the government’s commitment to equipping Ghanaian youth with practical skills and opportunities to improve their livelihoods. He said the government, under President John Dramani Mahama, had introduced a number of initiatives...
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PHDC, OmniBSIC Bank Explore Partnership to Advance Petroleum Hub Project
The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr Toni Aubynn, has paid a courtesy call on the Managing Director of OmniBSIC Bank, Mr Daniel Asiedu, as part of efforts to explore strategic partnerships to advance the Petroleum Hub project. The meeting, held on Monday, focused on potential areas of collaboration between...
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GNPC Races to Reverse Ghana’s Oil Production Decline
Ghana’s petroleum industry is confronting a problem that cannot be solved by squeezing more output from existing fields alone: the country’s mature oil assets are continuing to decline, while new production has yet to arrive at a scale capable of replacing the barrels being lost. GNPC’s 2025 Annual Report records the fifth consecutive year of...
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OMCs commence fuel price reviews; Star Oil sells petrol at GH¢14.97, diesel kept at GH¢16.97
Some Oil Marketing Companies (OMCs) have started reviewing prices of petroleum products at the pumps from this morning, August 17, 2026.Star Oil has taken the lead among the top oil marketing companies, as Joy Business checked the prices of petroleum products across some pump stations this morning.Star Oil has reduced the price of petrol from...
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IES calls for enforcement of Ghana’s Domestic Market Obligation as TOR resumes operations
The Institute for Energy Security (IES) is calling on government to immediately enforce Ghana’s Domestic Market Obligation (DMO) regulations, arguing that the return of the Tema Oil Refinery (TOR) to operations has removed the main practical obstacle to implementation.In a policy research paper released on August 14, 2026, the energy think tank said the legal...
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Genser Energy secures 456m euros to accelerate next phase of growth across West Africa
Genser Energy Investments LLC (“Genser” or the “Company”), a leading integrated energy company in West Africa, today announced the successful completion of a 456 million euros term and revolving credit facilities package arranged by First Rand Bank Limited (acting through its Rand Merchant Bank Division) (“RMB”), Absa Bank Limited (acting through its Corporate and Investment...
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Oil Nears $90 as Hormuz Tensions Raise Ghana’s Fuel Risks
Oil prices are moving back towards the US$90-per-barrel threshold, as stalled US-Iran negotiations and sharply reduced shipping through the Strait of Hormuz revive concerns about the durability of global petroleum supplies. Brent crude rose by more than 1% in early Asian trading on Monday, August 17, with renewed geopolitical uncertainty providing fresh support to prices....