Energy
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GOIL launches 2026 HSSEQ Week with Focus on Psychosocial Well-being
GOIL PLC has officially launched its HSSEQ Week 2026, reaffirming its unwavering commitment to health, safety, security, environment and quality (HSSEQ) excellence across its operations. The week-long celebration, themed “Promoting a Positive Psychosocial Working Environment,” brings together staff, regulators, and key...
Fuel prices dip from May 1 as diesel drops sharply, LPG set to surge
Fuel prices are set for a mixed adjustment from Friday, May 1, 2026, with petrol and diesel expected to decline, while Liquefied Petroleum Gas (LPG) is expected to increase sharply.
We’re optimistic stabilising Iran-US tensions could push crude oil prices below $80 – COMAC CEO
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr. Riverson Oppong, has expressed optimism that easing tensions between Iran and the United States and a possible agreement could sustain the recent decline in global crude oil prices and push them below $80 per barrel.
COMAC calls for removal of ‘nuisance’ LPG taxes as prices set to rise
The Chamber of Oil Marketing Companies (COMAC) is calling on the government to abolish taxes on Liquefied Petroleum Gas (LPG), arguing that the current tax burden is making the product increasingly unaffordable and slowing efforts to expand its use across the country. Board Chairman of COMAC, Gabriel Kumi, made the app...
World Bank downgrades Ghana’s energy recovery programme to ‘Unsatisfactory’, cites Finance Ministry fiscal controls and election-related delays
The World Bank has downgraded Ghana’s Energy Sector Recovery Programme from “Moderately Satisfactory” to “Unsatisfactory”, saying implementation has fallen behind schedule because of financing constraints, election-related disruptions, new procurement controls and delays by implementing agencies. In its latest implemen...
Fuel price volatility far from over as Middle East crisis deepens – COMAC CEO
Renewed tensions between the United States and Iran after the collapse of peace efforts are keeping Ghana’s fuel market on edge, with uncertainty in the Middle East continuing to threaten price stability, according to the CEO of COMAC, Dr Riverson Oppong.
Fitch revises oil forecast for 2026 to US$87 per barrel
Real oil prices reached US$170 per barrel in 1979 (measured in current prices) and OPEC played a very different role then.
Ecobank to Lead $200 Million Loan Syndication for Sentuo Refinery Expansion
Ecobank Ghana PLC has been appointed as the Lead Arranger and Book Runner for a US$200 million medium-term loan facility to support the second phase expansion of the Sentuo Oil Refinery. The move is expected to bolster Ghana’s energy security and accelerate industrial development. The agreement was formalized through t...
Don’t hand Ghana Gas’ second processing plant to private operator – ASEC tells gov’t
The Africa Sustainable Energy Centre (ASEC) has urged the government not to hand over the planned second Gas Processing Plant of the Ghana National Gas Company to a private entity, warning that such a move would weaken Ghana’s energy security, increase power production costs and undermine long-term national interests.
Akosombo substation fire plunges Ashanti Region into widespread darkness
A massive fire outbreak at the GRIDCo substation in Akosombo has caused widespread power outages across the Ashanti Region, leaving dozens of communities without electricity.
“We’ll not live in denial” over power challenges following Akosombo fire – Jinapor
Minister for Energy and Green Transition, John Abdulai Jinapor, has assured the public of transparency and regular updates as the country navigates ongoing power supply challenges following the recent disruption at the Akosombo Hydroelectric Power Station.
ACEP, Solar Taxi graduate 24 women in EV and renewable energy technologies
Twenty-four young Ghanaian women have graduated from a pioneering clean energy programme designed to equip them with technical skills in electric vehicles (EVs), battery technology and renewable energy, marking a significant step towards increasing female participation in Ghana's growing green economy. The graduates ma...