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...
Category: News
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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....
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COMAC Projects Mixed Movement in Fuel Prices as Cedi Gains Offer Potential Relief
The Chamber of Oil Marketing Companies (COMAC) is projecting a mixed movement in ex-pump petroleum prices in the coming pricing window, with petrol and liquefied petroleum gas (LPG) expected to decline while diesel prices could increase. According to COMAC, petrol prices are projected to fall by between 1.50% and 2.90%, while LPG prices could decrease...
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Energy Minister Calls for Greater Investment and Performance in Petroleum Sector
Energy Minister Dr John Jinapor has joined the management, staff and stakeholders of the Ghana National Petroleum Corporation (GNPC) for the corporation’s 3rd Annual General Meeting. Dr Jinapor commended the Board, management and staff of GNPC for their efforts and achievements in 2025, urging them to build on the progress in 2026 through decisive leadership,...
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Energy Minister Inspects Emergency Restoration Works on Tema–Achimota Transmission Line
Energy and Green Transition Minister Dr John Jinapor has inspected ongoing emergency restoration works on the damaged Tema–Achimota 161kV transmission line near Ashaiman Middle East.The damage occurred when a fuel tanker undergoing welding works beneath the transmission line exploded, propelling part of the tanker more than 300 metres into one of the transmission towers and...
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Ghana Moves to Turn Public Buildings into Clean-Energy Assets
Ghana is moving to transform public buildings from some of the country’s largest energy consumers into a new frontier for clean-energy investment, as the Energy Commission and GIZ intensify efforts to mobilise financing for renewable energy and energy-efficiency projects across government facilities.At a high-level roundtable in Accra, officials, development partners, financial institutions and private-sector investors...
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Energy and Defence Join Forces to Protect Ghana’s Critical Infrastructure
Ghana is moving to deepen cooperation between the energy and defence sectors as concerns grow globally over the vulnerability of critical infrastructure to physical, cyber and operational threats. Energy and Green Transition Minister Dr. John Abdulai Jinapor announced that he had held discussions with Lieutenant General William Agyapong, Chief of Defence Staff of the Ghana...
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GNPC Marks 40 Years with Renewed Focus on Production Growth, Gas and Exploration
The Ghana National Petroleum Corporation (GNPC) has marked four decades of operations with a renewed focus on restoring growth in petroleum production, expanding gas commercialisation, advancing exploration, and strengthening its capacity to take on a greater operatorship role.The Corporation outlined these priorities at its 3rd Annual General Meeting, held at the Labadi Beach Hotel in...
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NPA Signals Broader Refining and Storage Push for Ghana’s Energy Security
Ghana’s downstream petroleum regulator is signalling a broader strategy for energy security that goes beyond fuel pricing and market oversight, placing renewed emphasis on refining, storage infrastructure, gas-based fuels and long-term policy stability as the country seeks to strengthen its position as a regional energy hub. The message emerges from a detailed industry briefing by...
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ACEP Says Ghana’s Electricity Crisis Is a Failure of System Planning
Ghana’s mounting electricity-sector liabilities are increasingly being driven by a mismatch between generation contracts and the country’s ability to absorb, deliver and recover revenue from the power it purchases, according to the Africa Centre for Energy Policy (ACEP). The warning follows the U.S. bribery conviction linked to the AKSA Enerji power project, which ACEP says...