Ghana’s vast Voltaian Basin will mark a new dawn for the country’s oil and gas industry, serving as a game changer for energy security, job creation, and economic transformation, the Chief Executive Officer of the Petroleum Commission has declared. Emefa Hardcastle told the Volta Economic Forum in Ho that government is accelerating efforts to attract […]
Ghana is accelerating onshore petroleum exploration in the Voltaian Basin, encompassing eight regions of the country, in hopes of adding onshore reserves to the country’s petroleum resources.
The Petroleum Commission has engaged Enterprise Singapore, the government agency responsible for driving Singapore’s external economy, to explore new investment opportunities in Ghana’s upstream petroleum sector. The meeting chaired by the Acting Deputy Chief Executive Officer of the Commission, Mr. Nasir Alfa Mohammed, brought together senior officials from both organisations.
The Parliamentary Select Committee on Energy, led by its Chairman and Member of Parliament for Ho West, \xa0Emmanuel Bedzrah, has completed a working visit to Tullow Ghana’s Jubilee and TEN oil fields in the Western Region.
Ghana is in the final stages of adopting a national policy on radioactive waste and spent fuel management after 15 years of its development, as the country positions itself to incorporate nuclear energy into the energy mix by 2030.
The Centre for Environmental Management and Sustainable Energy (CEMSE) on Oct. 24 proposed that TOR adopt a “tolling” system, where the refinery no longer buys crude oil directly. Instead, a private partner would supply and retain ownership of the crude, market the refined products, and pay TOR a fixed fee for its processing services.
In reality, though, national output has been declining. Data from the Petroleum Commission show crude production fell from 71.4 million barrels in 2019 to 48.2 million barrels in 2024, with a further 26% year-on-year drop recorded in the first half of 2025.
The Centre for Environmental Management and Sustainable Energy (CEMSE) has called for a pragmatic, partnership-driven approach to reviving the Tema Oil Refinery (TOR), emphasising that a tolling agreement, rather than an outright sale, offers the most sustainable path to restoring the refinery’s operational and financial viability.
The West Africa oil and gas market is demonstrating strong growth potential, driven by global energy demand and rich reserves in the region, the 2025 West Africa Oil and Gas Outlook by Deloitte has revealed. According to the report, the West African oil and gas market represents a Compound Annual Growth Rate (CAGR) of 6.5% […]
Ghana’s oil production has been on a steady decline since peaking in 2019, raising serious concerns about the country’s future petroleum revenue and energy sustainability, according to the Head of the Public Interest and Accountability Committee (PIAC) Secretariat, Isaac Dwamena.