Ghana’s energy security is expected to remain stable despite global oil market tensions, supported by the resumption of operations at the Tema Oil Refinery. This development is seen as a major boost to the country’s energy independence and resilience against external shocks. A report by Fitch Solutions, an international rating agency, said the development would reduce the economy’s exposure to external supply disruptions, particularly in periods of global uncertainty.
The CEO of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, is demanding full transparency on proceeds from the controversial “dumsor levy,” as government moves to ease fuel prices. The call comes amid growing public concern over rising living costs and pressure on policymakers to provide relief. Government has announced plans to remove some taxes and margins on fuel to cushion consumers, a move expected to influence transport fares and general market prices.
.jpg)
Ghana Oil Company Limited (GOIL) has announced a price adjustment for its premium petrol product, Super XP 95, as part of ongoing changes within Ghana’s fuel market.
.jpg)
For years, Ghana’s insurance industry has operated less as a truly competitive marketplace and more as a tightly controlled ecosystem shaped by political patronage, selective access, and entrenched interests. Rather than fostering fair competition, the system has often resembled an exclusive network where a privileged few benefit disproportionately from state-linked opportunities.
It is my singular honour and privilege, as Chairman of the Board of Governors, to warmly welcome you all to the 24th Ordinary Session of the Board of Governors of the ECOWAS Bank for Investment and Development (EBID).
The Chief Executive Officer of the National Petroleum Authority (NPA), Mr. Godwin Edudzi Tamakloe, has assured the public of Ghana’s fuel security, revealing that the country currently holds sufficient reserves to sustain consumption in the short to medium term.
According to him, Ghana has approximately eight weeks’ worth of diesel and about 6.8 weeks’ supply of petrol available. This, he explained, reflects the Authority’s ongoing efforts to ensure stability in the downstream petroleum sector and prevent any potential supply disruptions.
Mr. Tamakloe noted that the NPA continues to closely monitor global petroleum supply trends and local consumption patterns to maintain adequate stock levels at all times. He emphasized that maintaining strategic fuel reserves is critical, especially in the face of global market uncertainties and potential logistical challenges.
He further assured industry players and the general public that the Authority is working collaboratively with bulk oil distributors, oil marketing companies, and other stakeholders to guarantee uninterrupted fuel availability across the country.
The announcement is expected to boost public confidence, particularly amid concerns about global fuel supply fluctuations, as the NPA strengthens measures to ensure energy security and operational resilience within Ghana’s petroleum sector.
The National Petroleum Authority (NPA), in collaboration with the Chamber of Oil Marketing Companies (COMAC), has officially launched Safety Week 2026, a four-day initiative designed to deepen collaboration and strengthen health, safety, security, and environmental (HSSE) standards within Ghana’s downstream petroleum sector.
.jpeg)
The Chairman of the Public Interest and Accountability Committee (PIAC), Richard Ellimah, has revealed that a total of US$434.55 million from Ghana’s petroleum revenue has been allocated through the Annual Budget Funding Amount (ABFA) to support the government’s flagship infrastructure initiative, the “Big Push” programme.
Nigeria’s Dangote refinery, the largest in Africa and one of the biggest single-train refineries globally, has significantly ramped up exports of gasoline and urea to African markets facing supply shortages triggered by the ongoing Iran war, according to its owner, Aliko Dangote.
The Bank of Ghana (BoG)’s decision to sell more than half of its gold reserves in November and December 2025 may have delivered a significant accounting advantage beyond its stated reserve management objectives.
Oil prices extended gains on Tuesday as Donald Trump intensified his rhetoric against Iran, warning of stronger military action if the country fails to reopen the strategically critical Strait of Hormuz—a vital artery for global energy supplies.
The Chairman of the Ghana Airports Company Limited, James Agalga, has defended the government’s Airport Infrastructure Development Levy, describing it as a necessary measure to finance critical upgrades at Kotoka International Airport amid rising congestion and ageing infrastructure.
.jpg)
