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.
Ghana’s government is moving to acquire an offshore exploration block regarded as one of the country’s most valuable undeveloped deepwater petroleum assets The government of Ghana plans to acquire a valuable offshore exploration block containing significant oil and gas reserves. This asset, identified by Springfield E&P, includes over 1.5 billion barrels of oil and 1.2 […]
Ghana is carrying out a major overhaul of its power system and shifting heavily toward domestic natural gas for electricity generation, consulting firm Deloitte said in a report.
A new report by KPMG and United Nations Development Programme (UNDP) has revealed that Ghana’s crude oil production has plummeted by almost half since its peak, posing significant risks to fiscal stability and energy sector revenues.
The country’s push to revive its dwindling oil fortunes is taking centre stage again as the state prepares to drill its first onshore exploration well in the Voltaian Basin during October 2026