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Friday, 10 July 2026
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Friday, 10 July 2026
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Ghanaian press · Organization

BP

BP — oil and gas company whose first-quarter 2026 profits more than doubled to $3.2 billion amid Middle East conflict disruptions.

2026-04-292026-07-10
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Mining & Energy

Ministry plans audit to isolate government debt constraining TOR

The News

The Ministry of Energy and Green Transition is commissioning a comprehensive audit of state energy sector agencies' balance sheets to identify and remove government-related debt, enabling entities like Tema Oil Refinery to access commercial financing more easily. TOR's Board Chairman disclosed the company inherited approximately US$517 million in legacy debt when the current Board began in July 2025.

2 July 2026 · Business & Financial Times →

Thursday 2 July

  1. Ministry plans audit to isolate government debt constraining TOR

    The Ministry of Energy and Green Transition is commissioning a comprehensive audit of state energy sector agencies' balance sheets to identify and remove government-related debt, enabling entities like Tema Oil Refinery to access commercial financing more easily. TOR's Board Chairman disclosed the company inherited approximately US$517 million in legacy debt when the current Board began in July 2025.

    2 July 2026 · Business & Financial Times →

Wednesday 1 July

  1. Government to audit energy agencies' debts with finance ministry

    Ghana's energy minister John Abdulai Jinapor disclosed that his ministry is in discussions with the Finance Ministry to commission a comprehensive audit of state energy sector agencies' balance sheets to identify and remove government-related debt that constrains their access to commercial financing. TOR's Board Chairman stated the company inherited approximately US$517 million in legacy debt when the current board was inaugurated in July 2025.

    1 July 2026 · Business & Financial Times →

Monday 15 June

  1. US-Iran deal sends oil prices down, stocks higher

    The US and Iran have agreed a framework deal to end the war, with the Strait of Hormuz set to reopen. Brent crude fell more than 5% to $82.84 a barrel and stock markets rose, though analysts warn the lack of detail on the agreement could create market uncertainty.

    15 June 2026 · Joy Online →

Friday 5 June

  1. Policy analyst explains public backlash over Gold Fields lease renewal

    Dr Steve Manteaw attributes fierce public interest in Gold Fields' Tarkwa mining lease renewal to a widespread perception that Ghana is not receiving enough value from its mineral resources and wants greater benefits retained domestically. He notes that public frustration has been fuelled by claims that Ghana retains only a small fraction of value from mining, though he describes such figures as inaccurate.

    5 June 2026 · Joy Online →

Thursday 4 June

  1. Sentiment alone should not drive Ghana mining policy decisions

    Policy analyst Steve Manteaw cautioned against using public sentiment as the sole basis for handing mines to Ghanaians, noting that while widespread perception suggests Ghana retains only about five per cent of mining sector value, such figures are inaccurate and policy should be guided by sound analysis rather than emotion.

    4 June 2026 · Joy Online →

Monday 25 May

  1. Senegal president dismisses PM Sonko, signals IMF-focused pivot

    Senegalese President Bassirou Diomaye Faye dissolved his government late Friday, dismissing Prime Minister Ousmane Sonko in what marks a shift from populist ideological resistance toward fiscal pragmatism amid a sovereign debt crisis. The move ends a dual-executive arrangement between the two former Pastef allies who had campaigned on the slogan "Diomaye is Sonko, Sonko is Diomaye."

    25 May 2026 · Joy Online →

Saturday 23 May

  1. Senegal President Dismisses PM Sonko, Dissolves Cabinet

    Senegal President Bassirou Diomaye Faye dismissed Prime Minister Ousmane Sonko and dissolved the government following months of tension between the two former allies. The move comes as Senegal confronts a debt crisis and stalled negotiations with the International Monetary Fund, which had frozen its $1.8 billion lending program after discovering misreported debt.

    23 May 2026 · Joy Online →

  2. Senegal president dismisses PM Sonko, dissolves cabinet

    Senegal President Bassirou Diomaye Faye dismissed Prime Minister Ousmane Sonko and dissolved the government following months of growing tensions between the two. The move risks further delaying negotiations with the International Monetary Fund, which froze its $1.8 billion lending programme after discovering misreported debt.

    23 May 2026 · Joy Online →

Monday 11 May

  1. Global oil prices forecast to stay above $100 this year

    JP Morgan predicts oil will remain in the "low $100s" for much of the year even if the Strait of Hormuz reopens soon, as supplies would not return to normal service quickly. Brent crude rose above $105 a barrel following tensions between the US and Iran over ceasefire negotiations.

    11 May 2026 · Joy Online →

  2. Oil prices surge as Trump rejects Iran's war-ending proposal

    Oil prices rose sharply in Asian trading after President Trump dismissed Iran's response to US proposals to end the war as "totally unacceptable." Iran, responding through Pakistan as mediator, called for an immediate end to the conflict and guarantees against further US-Israeli attacks, while Brent crude rose 3.8% to $105.20 a barrel and US crude increased 4% to $99.30.

    11 May 2026 · Joy Online →

Friday 8 May

  1. Oil and gas giants profit from Middle East conflict disruptions

    As the US-Israel war in Iran drives up energy prices and disrupts shipping through the Strait of Hormuz, major oil and gas companies report record profits. BP's first-quarter profits more than doubled to $3.2 billion, Shell reported $6.92 billion in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4 billion, with European firms benefiting from volatile energy prices and trading operations.

    8 May 2026 · Joy Online →

  2. Oil and gas companies profit from Middle East conflict

    Major oil and gas companies including BP, Shell, and TotalEnergies have reported record profits as conflict and Iran's closure of the Strait of Hormuz have driven up energy prices and volatility. BP's profits more than doubled to $3.2bn, Shell reported $6.92bn in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4bn.

    8 May 2026 · Joy Online →

  3. Shell profits surge amid Iran war oil price spike

    Shell reported first-quarter profits of $6.92bn, up from $5.58bn a year earlier, as oil prices soared following disruptions to Middle Eastern supplies. The price spike resulted from the closure of the Strait of Hormuz, which typically carries about 20% of global oil and LNG supplies.

    8 May 2026 · Joy Online →

Thursday 7 May

  1. Shell reports $6.92bn profit surge amid Iran war oil price spike

    Shell's first-quarter profits reached $6.92bn, up from $5.58bn a year earlier, driven by sharp increases in oil prices following the Iran war and the effective closure of the Strait of Hormuz, which typically carries about 20% of global oil and LNG supplies.

    7 May 2026 · Joy Online →

Wednesday 29 April

  1. Npontu Technologies appoints Prof. Noel Tagoe to board

    Npontu Technologies Limited, Ghana's AI and digital solutions company, has appointed Professor Noel Tagoe as a Board Member. The appointment aims to strengthen governance and support the company's expansion across Africa in fintech, enterprise software, and AI-driven infrastructure.

    29 April 2026 · Business & Financial Times →

BP — Ghanaian press coverage · Ghana Minute