The National Petroleum Authority’s (NPA) introduction of a floor price in Ghana’s petroleum market was intended to stabilize prices, prevent predatory pricing, and ensure the sustainability of Oil Marketing Companies (OMCs). However, a close analysis of the pricing structure reveals excessively high OMC margins often hidden in plain sight placing an unfair and disproportionate burden...
Category: News
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Ghana Urged to Fast-Track Clean Transport Transition
Ghana has been urged to accelerate the decarbonisation of its transport sector to unlock clean energy benefits, reduce emissions, and strengthen the country’s growing automotive industry. The call was made in Accra by the UK–Ghana Jobs and Economic Transformation (JET) Programme to mark the International Day of Clean Energy, with the programme noting that Ghana...
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Guyana produced 261.1 million barrels of crude in 2025 – Dr. Ashni SinghShikema Dey
An estimated 261.1 million barrels of oil were produced in 2025, according to figures presented during Guyana’s 2026 National Budget. Senior Minister within the Office of the President with responsibility for Finance, Dr. Ashni Singh, disclosed the production data as he outlined the performance of the oil and gas sector during a reading of the...
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UNEP Report: World spends 30 times more on destroying nature than protecting it
The world is spending far more money destroying nature than protecting it, according to a new report by the United Nations Environment Programme (UNEP). The report reveals that for every one US dollar invested in protecting nature, the world spends 30 US dollars harming it. UNEP says this imbalance is slowing efforts to fight climate...
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Fruitful Presidential Talks Clear Way for Construction of Ghana’s Petroleum hub to Begin This Year
The Deputy Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC) in charge of Operations and Technical, Mr. Onasis Kobby Rosely, has assured that construction of the Petroleum Hub Project will commence this year.Mr. Rosely gave the assurance when he led a PHDC delegation on a courtesy call on the Paramount Chief of the...
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First Sky Energies to add 50mw to the national grid from Yendi plant
The Founder and Executive Chairman of the First Sky Group of Companies, Mr Eric Seddy Kutortse, has announced that one of his companies, First Sky Energies, will, in March 2026, launch a 50-megawatt renewable energy power plant to contribute to Ghana’s national grid.Currently under construction in Yendi, the plant is expected to help alleviate unforeseen...
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IES Urges Strict Enforcement of NPA Price Floor and Uniformity Policies to Protect Downstream Petroleum Market
The Institute for Energy Security (IES) has called on the National Petroleum Authority (NPA) to strictly enforce the petroleum price floor and price uniformity policies, warning that weak compliance is undermining the integrity and sustainability of Ghana’s downstream petroleum market. In a statement issued in Accra on January 25, 2026, IES said recent market observations,...
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COMAC Calls for Sweeping Reforms in Downstream Petroleum Sector; Warns Price Floor Alone Cannot Fix Downstream Petroleum Challenges
The Chamber of Oil Marketing Companies (COMAC) has intensified calls for a broad overhaul of Ghana’s downstream petroleum industry, warning that the continued focus on the petroleum price floor risks overshadowing more fundamental structural and regulatory shortcomings within the sector. The Chamber recognises that the price floor policy has played a role in stabilising market...
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GRIDCO Congratulates TOR on Resumption of Refinery Operations
The Board and Management of the Ghana Grid Company Limited (GRIDCO) on Wednesday, January 21, 2026, paid a courtesy visit to the management of the Tema Oil Refinery (TOR) in Tema. The visit was to officially congratulate TOR on the successful restoration of refinery operations following a prolonged shutdown, a development described as a significant...
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Trump Slashes Clean Energy Loans, Bets Big on Gas and Nuclear
The Trump Administration continues to revise, restructure, and cancel billions of U.S. dollars of Biden-era loans and funding commitments to clean energy projects as the United States shifted its policy to supporting fossil fuels and nuclear power as part of its energy dominance agenda. In the latest instalment of canceled or revised funding, the Department...