Ghana has taken another step towards expanding exploration activity in its upstream petroleum sector following the signing of a Memorandum of Understanding (MoU) covering the acquisition of petroleum exploration and production rights over the South Deepwater Tano Block. The agreement brings together the Government of Ghana, the Ghana National Petroleum Corporation (GNPC), Shell Overseas Holdings...
Category: News
Post
Post
Ghana Pitches Responsible Investment At AOW 2026
Ghana has used the opening of Africa Oil Week 2026 to reinforce its ambition to attract responsible investment into the petroleum sector while accelerating exploration and ensuring that the country captures greater economic value from its oil and gas resources. Addressing the opening ceremony on behalf of President John Dramani Mahama, Chief of Staff Julius...
Post
GPRTU to announce new transport fares this week after fuel price hike
The Ghana Private Road Transport Union (GPRTU) says it is preparing to announce new transport fares by the end of this week following another increase in petroleum prices. The union’s Deputy Spokesperson, Samuel Amoah, says the decision has become necessary as transport operators continue to grapple with rising fuel prices alongside increasing costs of spare...
Post
Petrosol has never defaulted on bank support in 12 years, says CEO
Petrosol CEO Michael Bozumbil says the company’s rapid growth in Ghana’s highly competitive and regulated downstream petroleum sector has been driven by integrity, financial discipline and strong governance.He said Petrosol deliberately built the business around values that have helped it earn the trust of suppliers, banks and regulators. “From day one, we set out to...
Post
LPG Price Rise Tests Ghana’s Clean-Cooking Push
Ghana’s clean-cooking ambitions could face another affordability challenge as the Chamber of Petroleum Consumers (COPEC) projects a marginal increase in liquefied petroleum gas prices during the first pricing window of September 2026. COPEC expects LPG to sell at approximately GH¢14.19 per kilogramme from September 1, with a possible range of GH¢13.48 to GH¢14.90 depending on...
Post
Tarkwa Youth Demonstrate In Support Of Gold Fields’ Mining Lease Renewal
Hundreds of youth, opinion leaders and residents from host communities within the catchment area of the Gold Fields Tarkwa Mine have embarked on a peaceful demonstration to express their support for the renewal of the company’s mining lease, which is set to expire in April 2027. The demonstrators marched through the principal streets of the...
Post
Influx of electric vehicles puts pressure on Ghana’s electricity consumption – Energy Minister
The growing number of electric vehicles (EVs) in Ghana is putting additional pressure on the country’s electricity supply, Energy and Green Transition Minister, Dr John Abdulai Jinapor, has cautioned. According to Dr Jinapor, Ghana currently has the highest number of electric vehicles in Africa, a development that, while offering significant economic and environmental benefits, is...
Post
Africa Needs Affordable Energy to Drive Industrialisation – ACEP
Africa’s industrialisation ambitions will remain constrained unless countries address the high cost of energy, the Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye, has warned. He said energy prices were a major determinant of economic competitiveness and should therefore be treated as a central development issue rather than merely a utility-sector...
Post
GNPC on track for Q4 drilling in Voltaian Basin – CEO…two more offshore wells expected
Kizito CUDJOE The Ghana National Petroleum Corporation (GNPC) Chief Executive Officer (CEO), Kwame Ntow Amoah, has assured that the national oil company (NOC) remains on course to commence its planned fourth-quarter drilling programme in the Voltaian Basin despite repeated shifts in the timeline. Mr. Amoah said the delays were driven largely by a need to...
Post
Nigeria’s Fuel Exports Hit 561,000 bpd
Nigeria’s seaborne petroleum product exports have increased seven-fold since 2023, hitting an average of 561,000 barrels per day in the second quarter of 2026. The United States Energy Information Administration (EIA) attributed the massive surge to operations at the Dangote Petroleum Refinery. The development has strengthened Nigeria’s position in the global fuel market at a...