Ghanaian businessman and oil entrepreneur Kofi Abban has reportedly gifted award-winning dancehall artiste Shatta Wale a luxury Ferrari, a gesture that has generated widespread attention and admiration across social media. According to reports circulating online, the high-performance sports car was taken from Mr. Abban’s personal garage and presented to the musician. While details surrounding the...
Category: Oil and Gas
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PETROSOL secures approval to raise capital on GSEPETROSOL
Platinum Energy PLC has announced plans to raise long-term capital through the Ghana Stock Exchange after receiving approval from the Ghana Stock Exchange and the Securities and Exchange Commission, positioning the indigenous energy company for its next phase of expansion. The announcement was made by the Chief Executive Officer of PETROSOL Platinum Energy PLC, Michael...
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Gov’t developing 1,200MW gas power plant to cut electricity costs—Ato Forson
Finance Minister Dr Cassiel Ato Forson has announced that the government is developing a 1,200-megawatt state-owned combined-cycle gas-fired power plant at Kafodzidzi-Abrobeano in the Komenda-Edina-Eguafo-Abrem Municipality to boost electricity generation and lower power costs.Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Dr Forson said feasibility studies have confirmed the project’s viability,...
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Government Bets on Gas to Cut Power Costs, Attract Investment
hana’s energy strategy is undergoing a significant shift as government intensifies efforts to position natural gas, not crude oil, as the cornerstone of the country’s power generation and industrial growth, with new upstream reforms already attracting billions of dollars in investment while laying the groundwork for lower electricity generation costs. The policy direction, outlined by...
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PIAC advises government to involve MMDAs in oil and petroleum-funded projects
he Public Interest and Accountability Committee (PIAC) has called on the government to directly involve Metropolitan, Municipal and District Assemblies (MMDAs) in oil and petroleum-funded projects in their jurisdictions to ensure proper supervision and value for money and holistic development. Speaking to the media after a PIAC project inspection exercise in the Adansi area of...
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Brent Breaks $96 as U.S. Strikes Iran for 12th Consecutive Night
The latest oil price rally showed no sign of stopping in early Asian trading on Thursday, with both benchmarks climbing to their highest levels in more than six weeks as the U.S. and Iran continued to exchange strikes.At the time of writing, WTI crude was trading at $88.25 per barrel, up 1.64% on the session,...
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Launch Of Rural Electricity Intensification Project ( REIP) Under The BIG PUSH Programme.
The deputy minister of energy and green transition Richard Gyan Mensah had the honour of representing the Minister for Energy and Green Transition, Hon. Dr. John Abdulai Jinapor, at the official launch of the Rural Electrification and Intensification Programme (REIP) under President Mahama’s BIG PUSH agenda at the Jakpa Palace in Damango. The REIP will...
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Joshua Narh Urges Ghana to Build Competitive Downstream Petroleum Industry
Through Refinery ExpansionThe Executive Chairman of the Energy Chamber Ghana, Mr. Joshua Narh, has advocated for strategic and Competitive Downstream Investment in the nation’s petroleum sector, asserting that domestic crude limitations must not hinder refinery expansion.This perspective clarifies that the highest economic returns do not merely accrue to nations that extract raw crude, but to...
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COMAC Calls for Removal on LPG Taxes as Households Face Higher Energy Costs
Ghana’s liquefied petroleum gas market is again becoming a test of policy consistency after the Chamber of Oil Marketing Companies renewed calls for the removal of what industry players describe as nuisance taxes on LPG at a time prices are set to rise.The call comes as consumers face fresh pressure in the second pricing window...
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Dr Asiama Says Inflation Rebound, Oil Volatility to Dominate 131st MPC Talks
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...