Ghana’s downstream petroleum market is beginning to show renewed signs of stress, after major Oil Marketing Companies moved to raise pump prices ahead of the official bi-weekly pricing window, signalling that global oil pressures are beginning to outpace the industry’s normal pricing rhythm. The early price adjustments mark an important shift in market behaviour. In...
Category: News
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Traditional Leaders Laud Gold Fields Ghana Foundation’s Multi-Million-Dollar Road
Projects Traditional leaders and municipal authorities have commended the Gold Fields Ghana Foundation for its significant investment in road infrastructure, describing the projects as transformative interventions that will improve livelihoods and accelerate socio-economic development across host communities.The commendation came during a joint inspection by the Foundation’s Board of Trustees of two major road construction projects...
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PETROSOL secures approval to raise capital on GSEPETROSOL
Platinum Energy PLC has announced plans to raise long-term capital through the Ghana Stock Exchange after receiving approval from the Ghana Stock Exchange and the Securities and Exchange Commission, positioning the indigenous energy company for its next phase of expansion. The announcement was made by the Chief Executive Officer of PETROSOL Platinum Energy PLC, Michael...
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Gov’t developing 1,200MW gas power plant to cut electricity costs—Ato Forson
Finance Minister Dr Cassiel Ato Forson has announced that the government is developing a 1,200-megawatt state-owned combined-cycle gas-fired power plant at Kafodzidzi-Abrobeano in the Komenda-Edina-Eguafo-Abrem Municipality to boost electricity generation and lower power costs.Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Dr Forson said feasibility studies have confirmed the project’s viability,...
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Nigeria faces higher power sector emissions as electricity demand grows, says IEA
Nigeria’s drive to expand electricity supply could lead to higher carbon emissions from the power sector in 2026 unless investment in renewable energy accelerates, according to the latest projections by the International Energy Agency (IEA).In its Electricity Mid-Year Update 2025, the IEA projected that global carbon dioxide (CO₂) emissions from electricity generation will increase by...
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Government Bets on Gas to Cut Power Costs, Attract Investment
hana’s energy strategy is undergoing a significant shift as government intensifies efforts to position natural gas, not crude oil, as the cornerstone of the country’s power generation and industrial growth, with new upstream reforms already attracting billions of dollars in investment while laying the groundwork for lower electricity generation costs. The policy direction, outlined by...
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PIAC advises government to involve MMDAs in oil and petroleum-funded projects
he Public Interest and Accountability Committee (PIAC) has called on the government to directly involve Metropolitan, Municipal and District Assemblies (MMDAs) in oil and petroleum-funded projects in their jurisdictions to ensure proper supervision and value for money and holistic development. Speaking to the media after a PIAC project inspection exercise in the Adansi area of...
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Crude oil nears $100 as renewed Middle East conflict rattles global markets
Global oil prices climbed toward the $ 100-per-barrel mark on Thursday as renewed fighting between the United States and Iran heightened fears of prolonged supply disruptions across the Middle East, sending energy markets sharply higher.Checks by Nairametrics on July 23 showed that Brent crude was trading at $98.47 per barrel, representing a 4.68% increase, while...
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Ghana Turns to Huawei Technology to Accelerate Energy Sector Modernisation
Ghana is stepping up efforts to modernise its energy sector through strategic engagement with global technology leaders, as the Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, held high-level discussions with Chinese technology giant Huawei on potential areas of collaboration to support the country’s evolving power infrastructure. The meeting, held during the Minister’s...
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Brent Breaks $96 as U.S. Strikes Iran for 12th Consecutive Night
The latest oil price rally showed no sign of stopping in early Asian trading on Thursday, with both benchmarks climbing to their highest levels in more than six weeks as the U.S. and Iran continued to exchange strikes.At the time of writing, WTI crude was trading at $88.25 per barrel, up 1.64% on the session,...