Growing frustration is mounting among customers of a savings and loans institution as several depositors report being unable to access their funds due to the prolonged closure of some branches and a lack of communication from management.

A new report by the Ministry of Finance on the management of the Energy Sector Support Account has revealed that revenue generated from the Energy Sector Shortfall and Debt Repayment Levy remained insufficient to fully finance Ghana’s energy sector obligations in 2025, despite the introduction of the additional GH¢1 levy.

President John Dramani Mahama has assured international investors that Ghana is accelerating major infrastructure investments to drive economic transformation and reinforce its position as a leading trade and investment hub in Africa.

Some Oil Marketing Companies (OMCs) have begun increasing fuel prices at the pumps from June 1, 2026, in line with the latest petroleum pricing window under Ghana’s deregulated fuel pricing regime.

Leading the adjustments, Star Oil increased the price of petrol from GH¢14.60 per litre to GH¢15.20 per litre. However, the company maintained its diesel price at GH¢15.81 per litre.

The development follows the National Petroleum Authority's (NPA) announcement of revised price floors for the June 1–16, 2026 pricing window. Under the new guidelines, OMCs are not expected to sell petrol below GH¢15.20 per litre, representing an increase from the previous pricing period.

For diesel, the NPA set a benchmark price of GH¢15.49 per litre, lower than the previous pricing window, suggesting that consumers could see slight reductions depending on the pricing strategies adopted by individual OMCs.

Industry players and consumers are now watching closely to see how major fuel retailers such as GOIL, Shell, TotalEnergies and Zen Petroleum respond to the latest pricing adjustments.

According to projections by the Chamber of Oil Marketing Companies (COMAC), petrol prices could increase by between 4.2% and 6.2% during the current pricing window. If fully reflected at the pumps, a litre of petrol could sell for as much as GH¢15.92.

Liquefied Petroleum Gas (LPG) is also expected to record an increase of up to 2.24%, pushing prices to approximately GH¢17.30 per kilogramme.

Diesel prices, however, are projected to decline by between 1.65% and 2.0%, offering some relief to transport operators and businesses that depend heavily on the product.

COMAC attributed the mixed pricing outlook to a combination of factors, including movements in global petroleum prices, recent pressure on the Ghana cedi, and ongoing government-industry interventions aimed at cushioning consumers from sharp price increases.

The chamber noted that the Joint Government-Industry intervention mechanism, which was extended on May 16, 2026, continues to play a significant role in moderating fuel prices.

Under the revised framework, the intervention support for petrol has been completely removed, while the subsidy component for diesel has been reduced to GH¢1.07 per litre.

According to COMAC, these measures are helping to soften the impact of higher international fuel prices while allowing local fuel prices to gradually adjust to prevailing global market conditions.

The latest fuel price review is expected to have implications for transportation costs, inflation, and business operating expenses across the country in the coming weeks.

President John Dramani Mahama has announced what he described as a major milestone in Ghana’s energy and industrial transformation agenda, revealing that the country will soon begin refining its own crude oil locally as part of a broader strategy to boost industrialisation, create jobs, and increase value addition within the economy.

Businessman and President of Groupe Nduom, Papa Kwesi Nduom, has reaffirmed the group’s determination to resume operations following the Court of Appeal’s decision to restore the licence of GN Savings and Loans.

Tema Oil Refinery (TOR) has announced the arrival of approximately one million barrels of Bonga Crude Oil aboard the MT Cap Felix as part of its refinery revitalisation and crude processing programme.

Finance Minister Cassiel Ato Forson has announced that Ghana has attained a moderate risk of debt distress for the first time since 2013, marking what government describes as a major turnaround in the country’s debt sustainability outlook.

The Bank of Ghana has officially filed an appeal at the Supreme Court of Ghana seeking to overturn the recent Court of Appeal ruling that ordered the restoration of the licence of GN Savings and Loans Company Limited.

The Chief Executive Officer of the Ghana Chamber of Mines, Ken Ashigbey, has stressed that Ghana cannot rely solely on local capacity to fully exploit its vast mineral resources, insisting that foreign investment remains critical to unlocking the full potential of the country’s extractive sector.

The Government of Ghana has indicated that it remains committed to renewing the mining lease for Gold Fields’ Tarkwa mine but says the process will undergo stricter scrutiny before any final approval is granted.