The Electricity Company of Ghana is expected to be taken over by a private sector player going forward, the International Monetary Fund (IMF) has revealed.In its Staff Report on Ghana, the Bretton Woods institution stated that “by the end of 2025, a transaction advisor is expected to be hired to oversee the selection process for...
Category: News
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Energy sector shortfall persists; to balloon to US$1.10bn in 2026 – IMF
Despite marked improvements, the energy sector shortfall persists, the International Monetary Fund has disclosed in its Staff Report on Ghana. In 2025, the energy sector shortfall was over US$500 million. According to the IMF, this was assumed by the government, either through legacy debt payments or fuel purchases. While this is significantly below the budgeted...
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Russia plans to build a nuclear power plant on the Moon next decade
Ever since Soviet cosmonaut Yuri Gagarin became the first human to go into space in 1961, Russia has prided itself as a leading power in space exploration, but in recent decades it has fallen behind the United States and, increasingly, China. Russia’s ambitions suffered a massive blow in August 2023 when its unmanned Luna-25 mission...
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TEMA: TOR BACK TO REFINING CRUDE
The Tema Oil Refinery (TOR) has resumed crude oil refining, marking a significant turnaround for Ghana’s only state-owned refinery after years of operational decline. Following extensive maintenance works, management confirms that system flushing and test runs on the Crude Distillation Unit have been successfully completed. The refinery has now entered the flare-up and stabilisation phase,...
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PHDC Hosts Final Staff Durbar Of 2025
The Petroleum Hub Development Corporation (PHDC) held a strategic end-of-year Staff Durbar on Friday, December 19, 2025. The program brought together management and staff to reflect on the corporation’s achievements in 2025 and outline strategic priorities for the year ahead. The durbar, held in an atmosphere of unity and optimism, provided a platform for management...
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Tema Oil Refinery Holds Final Staff Durbar for 2025
Tema Oil Refinery (TOR) has held its fifth and final staff durbar for the year, marking another milestone in its ongoing efforts to revive operations. The durbar took place on Friday, December 12, 2025, under the auspices of the Managing Director, Edmond Kombat Esq. In line with TOR’s commitment to good governance and transparency, the...
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Japan preparing to restart the world’s largest nuclear power plant
A local government in Japan voted Monday to restart the world’s largest nuclear power plant, which has been closed since 2011 Fukushima nuclear disaster. The Kashiwazaki-Kariwa plant sits on the Sea of Japan in Niigata prefecture. The plant’s seven nuclear reactors help to power one of the world’s most populous cities, Tokyo, some 136 miles...
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Industry Players Join NPA to Mark 20 Years of Petroleum Sector Regulation
The National Petroleum Authority (NPA) marked its 20th anniversary with a grand gala night at the Alisa Hotel in Accra, bringing together management, staff, retirees and industry partners to celebrate two decades of regulatory service and institutional growth. The event provided an opportunity to reflect on the Authority’s achievements over the past 20 years, while...
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Energy minister assures stable power as Ghana hits peak demand in December
Amid the twinkling lights and heightened commercial activity of the Christmas season, the Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, has issued a firm guarantee that the national power grid will remain stable, despite surging to a historic all-time high in energy consumption.The minister’s assurance comes as the Ghana Grid Company (GRIDCo)...
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Fuel prices: Ghana ends year at 23rd position in Africa
Despite significant drop in fuel prices, Ghana ends the year placing 23rd on the African continent. According to GlobalPetrolPrices.com, gasoline or petrol sold at US$1.297 per litre as of 15th December, 2025. On the other hand, gas oil or diesel is going for US$1.145 per litre. Central African Republic ($1.883) was ranked 1st in Africa...