Energy
Stories in this category
GOIL’s resurgence in Ghana’s competitive downstream market
As the leading indigenous OMC in Ghana and the firm with the largest retail network in the country, GOIL has played a crucial role in maintaining fuel accessibility across the country. Between 2020 and 2022, the Company recorded strong growth, reaching over 1.06 billion litres in annual sales and achieving a peak marke...
Gov’t expected to absorb GH¢2 on diesel, 36ps on petrol as fuel relief measures
Government is set to roll out significant fuel price reductions beginning in the next pricing window, absorbing up to GH¢2 per litre of diesel and 36 pesewas per litre of petrol in a bid to ease the burden on Ghanaians, according to JoyNews.
Ghana targets fresh investment with upstream petroleum reforms
The government says it is undertaking major reforms in Ghana’s upstream petroleum sector to improve investor confidence and attract fresh oil and gas investments. The reforms, expected to be completed by the end of the year, include a review of the country’s fiscal and regulatory framework to make Ghana more competitiv...
Oil tops $100 a barrel as Red Sea attacks fuel supply fears
Global oil prices surged on Thursday after attacks on Saudi oil tankers in the Red Sea heightened concerns over disruptions to global energy supplies, pushing Brent crude above $100 a barrel for the first time in nearly two months. Brent crude, the international benchmark, rose more than 6% in early... The post Oil top...
Second control centre would not have prevented Akosombo fire – former TVET deputy director
A proposed second control centre for Ghana’s power transmission system would not have prevented the recent Akosombo substation fire, according to Ing Peter Antwi Boasiako, former deputy director of the Technical and Vocational Education and Training (TVET) Service. Speaking on the Asaase Breakfast Show on Friday (12 Ju...
US$3.5bn investment will still not meet Ghana’s gas demand by 2030 – GNPC
Speaking at the West Africa Gas Forum in Accra, Mr. Ussif said while the planned investment by industry partners will significantly boost gas production, Ghana will continue to rely on Liquefied Natural Gas (LNG) imports to close the supply gap and guarantee energy security.
Ghana pushes private sector-led investment drive in West Africa’s gas sector
Speaking at the 2026 West African Gas Summit, the Deputy Minister for Energy and Green Transition, Richard Gyan Mensah, said the scale of infrastructure required to unlock the region’s gas potential demands deeper collaboration between governments, private investors, and development finance institutions.
Cleaner air, lower costs: Electric bikes find early adopters in Ghana’s north
Every morning, Bukari Rahinatu used to ride through clouds of exhaust on her way to work in Ghana’s northeast town bordering Burkina Faso and Togo. The 25-year-old graduate from the University of Education, Winneba, says the smoke from fuel-powered motorbikes became part of daily life in the busy northern town. By the...
Energy Ministry confirms full shutdown of Akosombo dam after substation inferno
The Ministry of Energy has confirmed that the Akosombo Dam has been completely shut down following a devastating fire at the Ghana Grid Company (GRIDCo) substation in Akosombo, a development that has triggered widespread power outages across the country. Ministry spokesperson Richmond Rockson said the decision to shut...
Institute a Grid Expansion Levy now
A practical and immediate solution is to institute a dedicated grid expansion levy. An average contribution of GH¢100 per electricity customer monthly, roughly $8, if properly structured and ring-fenced, could raise significant capital every year. This is not about increasing tariffs arbitrarily. It is about creating a...
Finance Minister revises end-year petroleum revenue target to US$1.5 billion
According to him, this was due to the rising prices of crude oil on the international market over the past months, due to developments in the Middle East.
GRIDCO fire: Three generation units restored — Energy Ministry
The Ministry of Energy has confirmed that the recovery of the national power grid has reached a critical halfway point, with three out of six generation units at the Akosombo hydro plant now fully restored to service.