The Bank of Ghana’s Monetary Policy Committee has opened its 131st meeting with inflation, liquidity conditions, oil-price volatility and the changing structure of domestic credit expected to dominate deliberations, as policymakers assess whether Ghana’s recent price rebound marks normalisation or the start of a more persistent inflation cycle.Opening the meeting at the Bank Square in...
Category: Oil and Gas
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West Africa signs off $25bn mega gas-pipeline plan
One of Africa’s most ambitious energy infrastructure projects has finally been signed off at the highest level, with West African leaders formally endorsing the long-awaited Nigeria-Morocco Atlantic Gas Pipeline. “Don’t be surprised when the gas comes your way,” quipped Julius Maada Bio, Sierra Leone’s president and the current head of West Africa regional bloc Ecowas,...
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Energy Minister Reaffirms Government’s Commitment to Expanding Local Refining at GhIPCon 2026
The Minister for Energy and Green andTransition, Dr. John Abdulai Jinapor, has reaffirmed the government’s commitment to strengthening Ghana’s downstream petroleum sector through expanded local refining, strategic investments and closer collaboration with industry stakeholders. Speaking at the opening of the Ghana International Petroleum Conference (GhIPCon) 2026, where he delivered the keynote address, Dr. Jinapor said...
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TOR Receives One Million Barrels of Jubilee Crude, Commends President Mahama for Supporting Refinery Revival
The Tema Oil Refinery (TOR) has received one million barrels of Ghana’s indigenous Jubilee Medium Sweet Crude, describing the development as another major milestone in the ongoing revitalisation of the country’s only state-owned refinery. The crude cargo, delivered aboard the MT Apache on July 15, 2026, fulfils President John Dramani Mahama’s commitment to ensuring that...
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GEA, USVI EDA Explore Partnership to Boost Domestic Value Addition for Ghana’s Crude Oil
he Ghana Enterprises Agency (GEA), together with a delegation from the United States Virgin Islands Economic Development Authority (USVI EDA), has engaged the Minister for Energy and Green Transition, Dr John Abdulai Jinapor, on opportunities to enhance domestic value addition in Ghana’s crude oil sector. The discussions focused on strengthening collaboration in energy, industrialisation and...
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Mahama to Commission Discharge of 1 Million Barrels of Jubilee Crude to TOR
President John Dramani Mahama is expected to officially commission the discharge of one million barrels of crude oil from Ghana’s Jubilee Field into the storage tanks of the Tema Oil Refinery (TOR) in the coming weeks, as government moves to strengthen domestic refining capacity. The development was disclosed to Energy CrossRoad.com by the Managing Director...
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Karpowership expands fleet with a new Sea Lion class powership
Karpowership has marked a major milestone in the expansion of its global fleet with the steel-cutting ceremony of its new “Sea Lion” class Powerships.Held at the HSG Sungdong shipyard in South Korea, the ceremony officially marked the start of construction on the first vessel in a series of four next-generation Powerships.The ceremony was attended by...
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Government Reaffirms Commitment to TOR Modernisation as Refinery Eyes Energy Security Role
The government has reaffirmed its commitment to the modernisation and recapitalisation of the Tema Oil Refinery (TOR), positioning the state-owned refinery as a critical pillar in Ghana’s long-term energy security strategy. The assurance was given by the Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, during TOR’s 18th Annual General Meeting (AGM) in...
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TOR Records First Profit in a Decade as Refinery Posts GHS1.4 Billion Profit Before Tax in 2025
The Managing Director of the Tema Oil Refinery (TOR), Edmond Kombat, has announced a major financial turnaround for the state-owned refinery, with the company recording its first profit in a decade, at its 18th Annual General Meeting (AGM) held in Accra. Mr. Kombat said TOR posted a profit before tax of GHS1.415 billion for the...
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Energy Minister Commends TOR as Refinery Presents Nine Years of Audited Accounts
The Minister for Energy and Green Transition, John Abdulai Jinapor, on Tuesday joined the Board, Management and stakeholders of the Tema Oil Refinery (TOR) at the company’s Annual General Meeting, where audited financial statements spanning 2017 to 2025 were presented.The presentation of the nine years of audited accounts marks a major milestone in restoring TOR’s...