The government has reaffirmed its commitment to transforming the Electricity Company of Ghana (ECG) into a financially sustainable, efficient and customer-focused electricity distribution company. Deputy Minister of Energy and Green Transition, Richard Gyan-Mensah, made the commitment on behalf of the sector Minister, Dr John Abdulai Jinapor, when he addressed the 28th Annual General Meeting of...
Category: News
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Ghana Gas Records 97% Rise in Net Profit as Jinapor Urges Focus on Energy Security
The Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has commended Ghana National Gas Company Limited (Ghana Gas) for its strong financial and operational performance in 2025, urging the company to sustain its focus on reliability, infrastructure expansion and long-term growth. Dr Jinapor made the remarks when he addressed the 8th Annual General...
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Mahama Commissions Refurbished TOR Crude Distillation Unit, Commends Management for Turnaround
President John Dramani Mahama has commissioned the refurbished Crude Distillation Unit (CDU) of the Tema Oil Refinery (TOR), describing the development as a major milestone in Ghana’s efforts to revive the state-owned refinery and strengthen domestic petroleum processing. The commissioning coincided with the official receipt of Ghana’s first one-million-barrel cargo of indigenous Jubilee Medium Sweet...
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BOST energies Outlines Strategy to Mitigate Impact of Fuel Price Volatility
Rising fuel prices continue to place significant pressure on households, transport operators, businesses, and the broader Ghanaian economy. Although BOSTenergies does not determine retail fuel prices under Ghana’s deregulated petroleum pricing regime, the state-owned bulk oil storage and distribution company says it is implementing measures to help mitigate the impact of global market volatility on...
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Nigeria waives import duty, VAT on fully CNG, electric vehicles
The Nigerian government has exempted fully compressed natural gas (CNG), liquefied petroleum gas (LPG) and electric vehicles from import duty and Value Added Tax (VAT) to incentivize the shift to cleaner transport and reduce the country’s dependence on petrol.The Nigeria Customs Service (NCS) announced this on Thursday in a press statement under the Presidential Gas...
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Energy Commission, Ghana Thermal Power Limited: Advance Talks on 1,200 MW Power Plant in Central Region
The Energy Commission of Ghana has held discussions with Ghana Thermal Power Limited (GTPL) on the company’s proposed 1,200 MW Combined Cycle Gas Turbine (CCGT) power plant at Kafodzidzi-Abrobiano in the Komenda Edina Eguafo Abirem Municipality, in the Central Region.The talks form part of the Commission’s regulatory review of GTPL’s Siting Permit application, submitted under...
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Dangote Refinery IPO Set to Raise Over N4 Trillion as Investors Anticipate Landmark Public Offer
The forthcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) is expected to be the most significant public offering in Nigeria’s capital market this year, with analysts projecting that billionaire industrialist Aliko Dangote could raise more than N4 trillion when the offer opens in the last quarter of 2026. Market analysts...
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NPA Raises Fuel Price Floors as Diesel Jumps 18%
Fuel prices in Ghana are set to rise further after the National Petroleum Authority (NPA) increased the price floors for petrol, diesel and liquefied petroleum gas (LPG) for the first pricing window of August 2026, deepening concerns over inflation, transport fares and the cost of doing business.The latest benchmark adjustments, published by the NPA, mark...
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COMAC Projects Fuel Price Increases for August Pricing Window Amid Rising Global Oil Prices
The Chamber of Oil Marketing Companies (COMAC) has projected an increase in ex-pump prices of petrol, diesel and liquefied petroleum gas (LPG) for the first pricing window of August 2026, citing escalating geopolitical tensions and rising international petroleum prices.According to COMAC’s latest pricing outlook, petrol prices are expected to increase by between 4.89% and 7.58%,...
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TOR Hails Ga Mantse’s Visionary Leadership in Driving Investment and Economic Transformation
The Acting Chief Executive Officer of Tema Oil Refinery (TOR), Mr. Edmund Kombat, has expressed the profound appreciation of the Board, Management and Staff of the Refinery to His Royal Majesty, the Ga Mantse King Tackie Tsuru for his visionary leadership and unwavering commitment to promoting investment and economic development in Ghana. On Tuesday, the...