Ghana Heritage Fund (GHF) has crossed a landmark legal threshold this year, with the 15-year lock period enshrined in the Petroleum Revenue Management Act (PRMA) now elapsed, meaning Parliament can, for the first time, authorise the withdrawal of accrued investment returns from the fund.
Ghana’s crude oil production has extended its downward trajectory for a sixth consecutive year, underscoring deepening structural and operational challenges within the country’s upstream petroleum sector
The Public Interest and Accountability Committee has raised serious concerns over missing petroleum revenue, revealing that Explorco, a subsidiary of the Ghana National Petroleum Corporation, failed to account for US$561,648,785.37 owed to the Republic of Ghana between 2022 and 2024.
Ben Boakye, Executive Director of the Africa Centre for Energy Policy (ACEP), has called on government and industry to incentivise in-country fuel storage and strategic reserves to cushion Ghana’s economy from shocks like recent international conflicts and rising pump prices. Speaking on the Joy Super Morning Show amid significant hikes in local fuel prices, with petrol […]
Ghana’s external reserves have strengthened significantly, with the Bank of Ghana reporting an increase to approximately $14.5 billion, providing around 5.8 months of import cover.
Fuel prices may rise again soon, but what if higher prices don’t actually reduce petrol consumption in Ghana?
Karpowership Ghana has reaffirmed its commitment to building engineering capacity and advancing inclusion within Ghana’s energy sector as the global community marks World Engineering Day for Sustainable Development 2026.
Chief Executive of the Ghana Chamber of Oil Marketing Companies, Dr. Riverson Oppong, has assured that Ghana is unlikely to face an immediate fuel shortage despite rising tensions in the Middle East. Speaking in an interview on Joy FM’s Top Story, Dr. Oppong explained that Ghana sources most of its fuel from Western markets, not the […]
Ghana’s Minister for Energy and Green Transition, Hon. Dr. John Abdulai Jinapor (MP), on Tuesday convened a high-level meeting with key stakeholders across the country’s petroleum upstream and downstream sectors to assess the potential impact of the ongoing crisis in the Middle East on the nation’s fuel security. The engagement brought together representatives from the […]
UK-based oil and gas company Tullow Oil has signed a sale and purchase agreement with TEN Ghana to acquire the Prof. John Evans Atta Mills FPSO for a gross consideration of $205 million.