The Deputy Chief Executive Officer in charge of Operations and Technical Affairs at the Petroleum Hub Development Corporation (PHDC), Onasis Kobby Rosely, has reaffirmed the government’s commitment to equipping Ghanaian youth with practical skills and opportunities to improve their livelihoods. He said the government, under President John Dramani Mahama, had introduced a number of initiatives...
Category: News
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PHDC, OmniBSIC Bank Explore Partnership to Advance Petroleum Hub Project
The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr Toni Aubynn, has paid a courtesy call on the Managing Director of OmniBSIC Bank, Mr Daniel Asiedu, as part of efforts to explore strategic partnerships to advance the Petroleum Hub project. The meeting, held on Monday, focused on potential areas of collaboration between...
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GNPC Races to Reverse Ghana’s Oil Production Decline
Ghana’s petroleum industry is confronting a problem that cannot be solved by squeezing more output from existing fields alone: the country’s mature oil assets are continuing to decline, while new production has yet to arrive at a scale capable of replacing the barrels being lost. GNPC’s 2025 Annual Report records the fifth consecutive year of...
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OMCs commence fuel price reviews; Star Oil sells petrol at GH¢14.97, diesel kept at GH¢16.97
Some Oil Marketing Companies (OMCs) have started reviewing prices of petroleum products at the pumps from this morning, August 17, 2026.Star Oil has taken the lead among the top oil marketing companies, as Joy Business checked the prices of petroleum products across some pump stations this morning.Star Oil has reduced the price of petrol from...
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IES calls for enforcement of Ghana’s Domestic Market Obligation as TOR resumes operations
The Institute for Energy Security (IES) is calling on government to immediately enforce Ghana’s Domestic Market Obligation (DMO) regulations, arguing that the return of the Tema Oil Refinery (TOR) to operations has removed the main practical obstacle to implementation.In a policy research paper released on August 14, 2026, the energy think tank said the legal...
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Genser Energy secures 456m euros to accelerate next phase of growth across West Africa
Genser Energy Investments LLC (“Genser” or the “Company”), a leading integrated energy company in West Africa, today announced the successful completion of a 456 million euros term and revolving credit facilities package arranged by First Rand Bank Limited (acting through its Rand Merchant Bank Division) (“RMB”), Absa Bank Limited (acting through its Corporate and Investment...
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Oil Nears $90 as Hormuz Tensions Raise Ghana’s Fuel Risks
Oil prices are moving back towards the US$90-per-barrel threshold, as stalled US-Iran negotiations and sharply reduced shipping through the Strait of Hormuz revive concerns about the durability of global petroleum supplies. Brent crude rose by more than 1% in early Asian trading on Monday, August 17, with renewed geopolitical uncertainty providing fresh support to prices....
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COMAC Projects Mixed Movement in Fuel Prices as Cedi Gains Offer Potential Relief
The Chamber of Oil Marketing Companies (COMAC) is projecting a mixed movement in ex-pump petroleum prices in the coming pricing window, with petrol and liquefied petroleum gas (LPG) expected to decline while diesel prices could increase. According to COMAC, petrol prices are projected to fall by between 1.50% and 2.90%, while LPG prices could decrease...
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Energy Minister Calls for Greater Investment and Performance in Petroleum Sector
Energy Minister Dr John Jinapor has joined the management, staff and stakeholders of the Ghana National Petroleum Corporation (GNPC) for the corporation’s 3rd Annual General Meeting. Dr Jinapor commended the Board, management and staff of GNPC for their efforts and achievements in 2025, urging them to build on the progress in 2026 through decisive leadership,...
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Energy Minister Inspects Emergency Restoration Works on Tema–Achimota Transmission Line
Energy and Green Transition Minister Dr John Jinapor has inspected ongoing emergency restoration works on the damaged Tema–Achimota 161kV transmission line near Ashaiman Middle East.The damage occurred when a fuel tanker undergoing welding works beneath the transmission line exploded, propelling part of the tanker more than 300 metres into one of the transmission towers and...