The Bank of Ghana has reported a sharp decline in petroleum lifting receipts in the second half of 2025, with inflows into the Petroleum Holding Fund (PHF) falling significantly compared to the same period a year earlier. In its semi-annual report on Ghana’s Petroleum Finds for H2 2025, the Central Bank said the PHF received...
Category: News
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Ghana Pushes for $100bn Annual Climate Finance to Support Africa’s Adaptation and Mitigation Efforts
Ghana has appealed to African leaders to unite behind an ambitious drive to mobilise $100 billion annually for climate adaptation and mitigation, cautioning that the continent cannot bear the mounting costs of climate change on its own. The call was delivered in Nairobi by the Minister of State for Climate Change and Sustainability, Alhaji Baba...
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NPA increases price floor for February window with petrol up to GH¢9.99 and diesel pegged at GH¢10.95
The National Petroleum Authority (NPA) has announced new minimum price levels for petroleum products for the first pricing window of February 2026, covering February 1 to February 15.Under the directive, no Oil Marketing Company (OMC) or LPG Marketing Company (LPGMC) is permitted to sell petroleum products below the approved price floor during the period.According to...
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Fuel Prices May Rise Slightly in February as Market Forces Intensify – COMAC
The Chamber of Oil Marketing Companies (COMAC) has projected marginal increases in fuel prices in the first pricing window of February 2026, citing cedi depreciation and rising international petroleum prices. In its 1st February Pricing Outlook Report, COMAC said petrol, diesel and liquefied petroleum gas (LPG) ex-pump prices are expected to rise by between 1.73%...
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Dr Toni Aubynn Calls for Regional Minerals Market Integration at Africa Trade Summit
The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr Toni Aubynn, has called on Ghana to take a leadership role in advancing a regionally integrated minerals market in Africa, stressing that the country stands to gain significantly from such an initiative. Dr Aubynn made the remarks on Thursday, 29 January 2026, during...
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Ghana charts path to sustainable energy security with hybrid nuclear-renewable plan
In a significant move toward securing reliable and clean electricity, key national stakeholders convened in Accra to advance plans for integrating Small Modular Reactors (SMRs) with renewable energy sources. The high-level workshop marked a pivotal step in translating Ghana’s nuclear energy ambitions into a concrete strategy for a resilient electricity generation mix. Held at the...
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How fuel underdogs became market leaders
By Vivian Kai LOKKO For decades, Ghana’s downstream petroleum industry followed a familiar script. A few dominant brands controlled the pumps, set the tone on quality, and commanded fierce customer loyalty. Local oil marketing companies (OMCs) operated on the fringes—present, but rarely powerful. That story has now been shattered Over the past five years, Ghana’s...
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TOR, Ghana Gas Deepen Collaboration on Gas Infrastructure and Cleaner Refinery Operations
Ghana’s downstream petroleum recovery and gas monetisation efforts converged in Tema on 27 January when the Managing Director of the Tema Oil Refinery (TOR), Mr. Edmond Kombat, Esq., paid a strategic courtesy call on the Chief Executive Officer of Ghana Gas, Ms. Judith Adjobah Blay. The engagement sought to strengthen institutional collaboration between the two...
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GOIL Group CEO & MD Pays Courtesy Call on Chief of Defence Staff
GOIL PLC has reaffirmed its commitment to supporting Ghana’s national security architecture following a high-level engagement between the company’s leadership, led by the Group CEO and MD, Mr Edward Abambire Bawa, and the Chief of Defence Staff (CDS), Lieutenant General William Agyapong.The visit held at the General Headquarters of the Ghana Armed Forces, formed part...
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Finance minister pledges full budget support for PIAC amid funding uncertainty
By Kizito CUDJOE-BftFinance Minister Dr. Cassiel Ato Forson has pledged to release 100 percent of budgeted funds to the Public Interest and Accountability Committee (PIAC), following months of financial uncertainty which have constrained the committee’s ability to independently oversee management of Ghana’s petroleum revenues.The assurance was given at a meeting with PIAC several months after...