Tetracore Gas Ghana Limited, a subsidiary of Nigeria-based Tetracore Energy Group Limited, has officially commissioned a US$15 million Compressed Natural Gas (CNG) facility in the Kpone Industrial Area of Ghana.
The Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, has described recent developments in Ghana’s energy sector as transformational, following the signing of major gas supply agreements aimed at boosting production, lowering prices and stabilising energy supply.
The Ghana government says it is targeting an additional 10,000 barrels of crude oil per day, this year, as part of broader reforms to revive the country’s petroleum and energy sectors, Mr John Jinapor, the Minister of Energy and Green Transition, said on Tuesday.
The West African Gas Pipeline Company (WAPCo) has announced that it will shut down its gas receiving facilities in Nigeria, Benin, Togo, and Ghana between Sunday, January 18 and January 31, 2026 for routine maintenance works.
Ghana said it had cleared $1.47 billion worth of energy sector debt.
The Dangote Petroleum Refinery has taken delivery of its second-ever crude cargo from Ghana, a move that coincides with a sharp reduction in its purchases from Europe as the plant adjusts its slate ahead of major maintenance.
The Ghanaian company, Cybele Energy, bid US$17 million upfront for a shallow water well that the company believes contains at least 400 million barrels of oil but the final figure depends on further studies, officials said on Tuesday.
Minister for Energy and Green Transition, John Abdulai Jinapor, has urged West African governments to accelerate efforts toward a fully interconnected regional power system, arguing that the future of the sub-region’s energy security depends on deeper cooperation, harmonised regulation and coordinated investment.
A joint analysis by the United Nations Development Programme (UNDP) and KPMG, an auditing firm, has affirmed the Government’s strategic shift from light crude oil to domestically produced natural gas for power generation.
Ghana has rolled out substantial tax incentives and financial guarantees to attract domestic and international investment in its ambitious 60 billion dollar petroleum hub project in the Western Region.