Power generation companies under the aegis of the Association of Power Generation Companies have urged the Federal Government to extend its proposed N3.6tn power subsidy payment plan beyond 2028, warning that the electricity sector’s liquidity crisis cannot be resolved within three years. The Chief Executive Officer of APGC, Joy Ogaji, made the call while reacting...
Category: News
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10 African countries with the largest oil reserves in 2026
Even as global conversations increasingly focus on clean energy, oil continues to play a central role in Africa’s economic narrative, generating government revenue, employment, and strategic geopolitical influence. Libya currently holds Africa’s largest proven oil reserves at about 48.4 billion barrels, ranking ninth in the world, according to the Global Firepower report.Below are the African...
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Egyptian Investor Group Targets Fibre Gas Cylinder Factory in Ghana
An investment consortium from Egypt, Chemexa Petrochemical Trading and Kaolin have initiated talks to establish a fibre (composite) gas cylinder manufacturing plant in Ghana, as part of a broader plan to invest in the Petroleum Hub Development Project. The proposed factory, which would produce next-generation LPG cylinders with a lifespan of up to 20 years,...
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TDC Signals Strong Interest in Developing Residential Settlements At Petroleum Hub
TDC Ghana Ltd. has expressed strong interest in becoming a key partner in the development of the Petroleum Hub project in Jomoro, with a particular focus on contributing to the construction of residential settlements within the hub enclave.As part of the hub’s broader development and operationalisation, the Petroleum Hub Development Corporation (PHDC) is mandated to...
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Dr. Riverson Oppong Urges Africa to Scale Up Renewables to Achieve Energy Sovereignty
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC) and Africa Regional Director of the Society of Petroleum Engineers (SPE), Dr. Riverson Oppong, has called on African countries to scale up investments in renewable energy projects to achieve energy sovereignty across the continent. Dr. Oppong made the call while delivering a public...
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ECG Reaffirms Commitment to Cash Waterfall Mechanism to Stabilise Power Supply
The Electricity Company of Ghana (ECG) has reiterated its commitment to strict adherence to the Cash Waterfall Mechanism as part of efforts to ensure a stable and uninterrupted electricity supply nationwide. Mr Kwame KpekpenaMr Kwame Kpekpena, Acting Managing Director of ECG, described the Cash Waterfall Mechanism as a transparent and equitable revenue distribution system designed...
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GHEITI Urges Government to Ring-Fence Oil Revenues
GHEITI urges government to ring-fence oil revenues for Big Push infrastructure, warning that diversion and co-mingling of funds will undermine transparency, accountability, and the visible impact of petroleum-funded projects. The Multi-Stakeholder Group of the Ghana Extractive Industries Transparency Initiative (GHEITI) has urged the government to strictly ring-fence oil revenues earmarked for the proposed “Big Push”...
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PHDC Board Backs Management’s Push to Start On-Site Work in 2026
The Governing Board of the Petroleum Hub Development Corporation (PHDC) has declared its overwhelming support for the management and expressed readiness to approve any activity or decision that will enable the team achieve its goal of commencing on-site activities this year.Speaking at the end of a three-day board retreat on Thursday, February 5, 2026, Board...
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ACEP Roundtable Examines Chinese Lending and Implications for Ghana’s Debt Sustainability
ACEP convened a roundtable bringing together development partners, industry players from the banking sector, academia, and government institutions to examine Chinese lending strategy and their implications on Ghana’s debt sustainability. Through open, evidence-based dialogue, stakeholders shared perspectives on the impact of Chinese lending on debt sustainability as well as the role of African agency in...
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Edo, NNPC seal deal on 10,000bpd condensate refinery
Edo State Government and the Nigerian National Petroleum Company (NNPC) Limited have concluded plans to establish a 10,000 barrels-per-day condensate refinery in the State in a move expected to deepen industrial activity and strengthen energy supply in the South-South region.The refinery, to be located across Oredo and Orhionmwon Local Government areas, is projected for completion...