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Oil & Gas
Africa’s dependence on imported oil poses strategic risk – ARDA
A 30-day halt in petroleum product imports can cripple Africa’s economies, grounding planes, immobilising trucks, plunging hospitals into darkness, and disrupting supply chains, the African Refiners and Distributors Association has warned.
Atuabo Gas Processing Plant to shut down for maintenance works
The Ghana National Gas Company Limited has announced that it would shutdown the Atuabo Gas Processing Plant for scheduled maintenance works.
Ghana earns $370m from oil in first half of 2025 – Central bank
The Bank of Ghana has announced total petroleum receipts of $370 million for the first six months of 2025, according to its latest semi-annual report.
Minority slams Mahama administration over Eban-Akoma discoveries claim
The New Patriotic Party's (NPP) Minority Caucus in Parliament has accused the Mahama administration of alleged dishonesty and disingenuousness over its claim to have played a role in the Eban-Akoma discoveries in Ghana's upstream petroleum…
Oil projects in Upper Manya Krobo abandoned despite full payments – PIAC reveals
Traditional authorities and the people of Upper Manya Krobo are urgently calling for action over multiple petroleum-funded infrastructure projects that remain incomplete, despite official records confirming full payments to the contractors…
PIAC probes utilisation of petroleum revenue
The Public Interest and Accountability Committee (PIAC) has reiterated its commitment to promoting transparency and accountability in the use of petroleum revenues during a public forum held in Asesewa in the Upper Manya Krobo District.
Ghana’s oil revenue sparks debate amid $3b IMF loan
The government’s pursuit of a $3 billion International Monetary Fund (IMF) loan despite Ghana’s oil fields generating over $1.3 billion in 2024 has reignited public concern over whether the country’s petroleum revenue is being effectively…
Ghana government urged to review petroleum agreements
Mr. Victor Anku Tsede, Managing Consultant at Excel Legal Consultancy, has called for a comprehensive review of Ghana’s petroleum agreements, arguing they have not delivered sufficient benefits to the nation.
Why doesn’t Ghana have sovereign wealth fund for cocoa? – Consultant asks
A consultant has questioned why Ghana doesn’t have a sovereign wealth fund for cocoa, the export product the country is the second largest producer of?
GOIL PLC records consolidated profit of GH¢84.7m in 2024
Ghana’s indigenous oil marketing company, GOIL PLC, recorded significant financial performance in 2024, with its consolidated profit reaching GH¢84.7 million.