PETROSOL Platinum Energy has recorded an oversubscription of 78 percent at its maiden GH¢100 million corporate bond issuance, with bids totalling GH¢178.07 against the targeted amount.
Ghana has sacrificed too much of its petroleum wealth for present consumption at the expense of building a stronger financial buffer for future generations, the Chairman of Parliament’s Finance Committee, Isaac Adongo, has cautioned.
BOSTenergies has reached an understanding with fuel tanker drivers to suspend a planned three-day strike over operational challenges at the company’s Kumasi depot, after management engaged representatives of the drivers’ union.
The Minister for Energy and Green Transition, John Jinapor, has said the Ministry is in the final stages of getting the reforms to the oil and gas regulatory regime finalised.
President John Dramani Mahama has described the revival of the Tema Oil Refinery (TOR) as evidence that strategic partnerships, strong leadership and effective management can restore struggling state-owned enterprises without direct government funding.
Exploratory drilling in the Voltaian Basin is expected to begin in fourth quarter-2026, reviving a long-delayed project that government hopes will unlock new hydrocarbon reserves and help stem Ghana’s declining crude oil production.
The country has secured more than US$3.5billion of fresh investment commitments from partners in its flagship Jubilee and Offshore Cape Three Points (OCTP) oil fields as government moves to reverse years of declining crude production and restore confidence in the upstream petroleum sector, Finance Minister Dr. Cassiel Ato Forson has said.
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