Oil & Gas

Parliament on Tuesday, adopted a report for the review of the Petroleum Revenue Management Act, Act 815 to allow government to invest Ghana's petroleum revenues in areas that deliver maximum earnings. 

Dr Mustapha Abdul-Hamid, former Chief Executive Officer of the National Petroleum Authority (NPA), has filed an application at the Criminal High Court seeking the release of his passport.

Dr. John Abu Jinapor, the Minister for Energy and Green Transition has hinted that Ghana's oil sector has witnessed a sharp decline in 2025. 

Dr Toni Aubynn, Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC). has described the Petroleum Hub project as a transformative venture that will position Ghana as a major energy and petrochemical hub in Africa.   

Ghana lost a colossal amount of $1.4 billion in the past year, and could lose up to $2 billion next year if the country does not execute the long-awaited policy reforms in the energy sector, the World Bank has warned.

Mr Kwame Ntow Amoah, the Chief Executive Officer of Ghana National Petroleum Corporation (GNPC), has expressed his desire to deepen cooperation among Africa's oil-producing countries.

Zenith Bank has highlighted the critical need for small and medium-sized enterprises (SMEs) to adopt structured fuel payment plans to overcome the significant challenges they face in managing their operations.

Ghana’s petroleum revenue rose significantly in 2024, reaching its second-highest annual level despite a continued decline in crude oil production, according to the Public Interest and Accountability Committee (PIAC). 

The Ministry of Energy and Green Transition and the National Petroleum Authority (NPA) have held a stakeholder engagement to review comments on the draft National Petroleum Authority Bill, 2024.

Ghana's upstream petroleum industry has hit its lowest trend in crude oil production in the last five years, the Public Interest and Accountability Commitee (PIAC) has disclosed.