GOIL PLC recorded an impressive performance on the Ghana Stock Exchange (GSE) in the 2025 financial year, reflecting renewed investor confidence and growing optimism about the Company’s future direction. The year 2025 proved to be a standout period for the Ghanaian equities market, with the GSE posting one of its strongest rallies in recent years....
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IPGs debt payment: Energy expert urges gov’t to modernize electricity infrastructure to reduce loss
Energy expert and Executive Director of the Centre for Environmental Management and Sustainable Energy, Benjamin Nsiah, has commended the government for taking decisive steps to settle outstanding debts owed to Independent Power Generators (IPGs), describing the initiative as a major boost for Ghana’s energy sector.Speaking on Accra 100.5 FM on Monday, January 12, Mr. Nsiah...
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Ghana Clears US$1.47bn Energy Sector Arrears, Signals New Era of Fiscal Discipline
The Government of Ghana says it has settled approximately US$1.47 billion in outstanding energy sector obligations, a move the Ministry of Finance says has restored financial stability to the sector as of December 31. In a statement issued on Monday, the Ministry disclosed that the payments covered major legacy liabilities, including a US$597.15 million World...
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Energy and Green Transition Minister, John Jinapor, has inspected the AKSA
Ahwomaso Power Plant following the successful completion of its tie-in to the national transmission grid by the Ghana Grid Company (GRIDCo).With the grid connection completed, the facility is expected to add about 141 megawatts of generation capacity to the national grid, providing a significant boost to electricity supply for households, businesses, and industries, especially in...
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Deputy Energy Minister Inspects 141MW AKSA Power Plant at Anwomaso in the Ashanti region.
The Deputy Minister of Energy and Green Transition, Richard Gyan-Mensah, on behalf of the Sector Minister, Dr. John Abdulai Jinapor, has led a working visit to the 141-megawatt AKSA Power Plant at Anwomaso to inspect ongoing commissioning works. The visit forms part of the government’s broader efforts, under the leadership of President John Dramani Mahama,...
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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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Africa’s Leading Crude Producers Struggle to Find Buyers Amid Global Oversupply
West African crude oil producers are struggling to find buyers for December and January cargoes amid rising competition from cheaper, more readily available alternative supplies. Analysts say the glut of unsold Nigerian and Angolan crude reflects a broader global oversupply that has weighed on international markets. Brent crude dropped below $60 per barrel this week,...
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Nigeria Nominates Oritsemeyiwa Eyesan to Head NUPRC, Eyeing Upstream Reform and Investment Push
Nigerian President Bola Ahmed Tinubu has nominated Oritsemeyiwa Eyesan as the new Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), in a move expected to reshape the country’s upstream oil and gas sector and boost investor confidence. As a seasoned professional with extensive experience, Eyesan is poised to implement the Petroleum Industry Act...
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Russia Deploys All Eight Nuclear Icebreakers for First Time
Russia has, for the first time, deployed its entire fleet of eight nuclear-powered icebreakers simultaneously to maintain winter shipping lanes in the Gulf of Ob and the Yenisei Gulf, underscoring the strategic importance of Arctic energy exports. The unprecedented deployment is focused on ensuring the flow of oil, liquefied natural gas (LNG), and mineral cargoes...
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Solomon Ewanehi Unveils Transformative Blueprint for Africa’s Energy Future at 9th Africa Energy Summit
In a landmark moment for Africa’s energy sector, Solewant Group’s Group Managing Director, Mr. Solomon Ewanehi, officially launched his groundbreaking book, Unlocking Africa’s Energy Future – Strategies for Sustainable Growth and Development, during the 9th Africa Energy Summit in Port Harcourt. The high-profile event drew policymakers, academics, industry leaders, and international delegates, signalling the book’s...