Ghana National Petroleum Corporation — state-owned entity supplying crude oil to domestic refineries and exploring onshore and offshore petroleum resources including the Voltaian and Tano basins.
Sentuo Oil Refinery receives 1 million barrels from Jubilee Field
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·The Ghanaian Times
… He said, following directives from President Mahama, the ministry worked closely with stakeholders, including GNPC, Tullow Ghana, Kosmos Energy, Eni, Vitol, Sentuo Oil Refinery, BOST, and regulators, to develop a roadmap that resulted in the successful delivery of Jubilee crude f …
… According to him, government engaged key stakeholders, including the Ghana National Petroleum Corporation (GNPC), Jubilee partners, regulators and Sentuo Oil Refinery, to facilitate the commercial and operational arrangements required for the shipment. …
… She further acknowledged the contributions of key stakeholders, including the Ghana National Petroleum Corporation (GNPC), the Petroleum Commission and players within the upstream petroleum sector, whose efforts helped make the milestone possible. …
… With the Savannah Region engagement serving as the platform for the announcement, independent energy analysts are already looking forward to the mid-year production data from the Ghana National Petroleum Corporation (GNPC) to verify the initial impact of these multibillion-dollar …
… It also removed PIAC’s guaranteed funding from the ABFA and reduced the Ghana National Petroleum Corporation’s allocation from 30 per cent to 15 per cent. …
… Ghana National Petroleum Corporation (GNPC): Crucial for managing Ghana’s oil and gas resources and attracting foreign investment, playing a vital role in GDP growth. …
… He was accompanied by the Deputy Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Hamis Ussif, and a delegation from the Ghana Houston Chamber of Commerce. …
The Chamber of Oil Marketing Companies is calling for Ghana to redirect part of its additional crude oil revenue to support the struggling downstream petroleum sector, as the government subsidises diesel prices and international oil prices pressure the domestic fuel market. The COMAC CEO says actual crude oil revenue is exceeding budget projections and proposes dialogue between government and industry stakeholders on using the surplus to cushion the sector.
The Chamber of Oil Marketing Companies is calling for Ghana to redirect part of its additional crude oil revenue to support the struggling downstream petroleum sector, as the government subsidises diesel prices and international oil prices pressure the domestic fuel market. The COMAC CEO says actual crude oil revenue is exceeding budget projections and proposes dialogue between government and industry stakeholders on using the surplus to cushion the sector.
The 10th edition of the Ghana Energy Awards has been launched in Accra, with nominations opening September 30 for individuals, companies and institutions recognised for contributions to Ghana's energy sector. The awards, running since 2017, cover power, petroleum, renewable energy, leadership and industry performance, with the main ceremony scheduled for November at Labadi Beach Hotel.
Ghana's 2018 decommissioning of the Mr. Louie platform in the Saltpond oil field cost $200 million partly because the Fisheries Commission was not formally involved, leaving no biological baseline assessment before work began and fishermen sidelined from the process. As Ghana faces bigger decommissioning bills ahead—$704 million for Jubilee alone, plus TEN and Sankofa—the article argues the Fisheries Commission must be included in future operations to ensure marine ecosystem recovery.
The Ghana National Petroleum Corporation has delivered approximately 950,000 barrels of Sankofa crude oil to the Tema Oil Refinery under a commercial arrangement, aiming to deepen domestic refining and retain more value from Ghana's petroleum resources locally.
Tema Oil Refinery has received 950,000 barrels of crude oil from Ghana's Sankofa-Gye Nyame field through a partnership with the Ghana National Petroleum Corporation, marking the refinery's first time processing crude from the field. The development is expected to boost Ghana's domestic refining capacity and support greater use of locally produced crude.
The Ghana Medical Trust Fund is in talks with the Ghana National Petroleum Corporation to mobilise additional support for healthcare infrastructure and specialised medical services across the country. The discussions aim to identify areas of collaboration to address critical needs in Ghana's health sector, particularly in improving medical support systems and expanding access to specialised care.
Sentuo Oil Refinery has appealed to the government to price local crude oil in Ghana cedis for local refineries, saying the current pricing model results in losses due to cedi-dollar exchange rate differentials. The refinery, which currently produces 40,000 barrels and plans to scale up to 100,000 barrels, calls on the government to intervene and require GNPC to sell local crude to local refineries.
The Ministry of Finance plans to write off about $120 million of Tema Oil Refinery's legacy debt, which currently stands at about $400 million, according to TOR's Managing Director. The proposed write-off is part of efforts to ease the refinery's financial burden following an earlier restructuring exercise.
GNPC Explorco has inspected the proposed location for Ghana's first onshore exploratory well in the Voltaian Basin at Chegu in the Mion District, and will begin constructing a 13.5-kilometre access road in the coming weeks to transport drilling equipment and support subsequent wellsite preparation activities.
A delegation led by GNPC CEO Kwame Ntow Amoah paid condolences to the Regent of Dagbon following the passing of the Overlord, and reaffirmed commitment to responsible operations. The Regent called for local content creation, employment and skills-development for young people, environmental protection, and community development initiatives.
The Ghana National Petroleum Corporation and GNPC Explorco are advancing preparations to drill the TUA-1X exploratory well at Chegu in the Mion District, following years of subsurface studies. Physical preparations include construction of a 13.5-kilometre access road and a rig pad to support the drilling operation.
The Ghana National Petroleum Corporation has identified potential stranded resources of over one billion barrels of oil and 2.5 trillion cubic feet of gas in the Tano Basin, which could boost Ghana's declining petroleum production by leveraging existing infrastructure. Using spatial data analysis, GNPC is exploring a hub-based approach to connect these stranded resources to existing petroleum infrastructure and reduce development costs.
Corruption Watch investigation questions procurement and ownership of sports facilities built under the One Constituency, One Astroturf programme, with two senior former officials linked to ownership disputes over facilities in Hohoe and Agogo constructed with more than GH¢17 million in public funds. The investigation is the first in a series examining 169 astroturf and sports infrastructure projects representing over GH¢1 billion in public investments.
Anti-corruption campaigner Edem Senanu has called on the Office of the Special Prosecutor to investigate alleged breaches of procurement laws surrounding multi-million-cedi astroturf projects across Ghana, and also urged probes into possible conflict-of-interest issues involving MPs who are ministers in supporting development projects.
Ghana's national exploration company showcased the Voltaian Basin's investment and exploration potential at AOW:Energy 2026, with its managing director emphasising the basin's geological promise and the importance of technical expertise and strategic partnerships to unlock frontier opportunities.
Eni Ghana and Vitol Upstream Tano Ltd have signed Memoranda of Understanding with the Government covering two offshore blocks (GH WB three and GH WB eight) in Ghana's Tano Basin, covering approximately 2,100 square kilometres. The agreements pave the way for finalisation of Petroleum Agreements and align with Eni's Infrastructure-Led Exploration strategy to leverage existing infrastructure and proximity to established producing areas.
Eni Ghana and Vitol Upstream Tano Ltd have signed Memoranda of Understanding with the Government of Ghana for offshore petroleum blocks GH WB 3 and GH WB 8 in the Tano Basin, covering approximately 2,100 square kilometres, paving the way for finalisation of Petroleum Agreements.
President John Dramani Mahama has directed state-owned enterprises and public institutions to recruit and promote staff strictly on merit, warning that political connections, personal relationships and proximity to power must not substitute for competence, integrity and performance. He also warned boards and managements against conflicts of interest, abuse of office and wasteful expenditure, directing that procurement be lawful and competitive.
Ten state-owned enterprises collectively recorded a net loss of GH¢8.8 billion in 2024, about 1.0% of GDP, with the Electricity Company of Ghana accounting for 85% of those losses. The IMF attributed the losses mainly to high financing costs, which reached GH¢9.4 billion—nearly six times the earnings before interest and tax.
Eni Ghana and Vitol Upstream Tano Ltd have signed Memoranda of Understanding with Ghana's government covering two offshore blocks (GH WB 3 and GH WB 8) in the Tano Basin, covering approximately 2,100 square kilometres at water depths of 750–2,800 metres. The agreements are expected to lead to finalisation of Petroleum Agreements and align with Eni's strategy to leverage existing infrastructure for exploration.
Ghana has signed Memoranda of Understanding with Eni Ghana and Vitol Upstream Tano Ltd covering offshore acreages in the Tano Basin, expected to lead to final Petroleum Agreements and unlock the country's remaining hydrocarbon potential. The two blocks cover approximately 2,100 square kilometres, with a proposed investment of US$1.5 billion following a Memorandum of Intent signed in 2025.
President Mahama told Ghana's state-owned enterprises that they must convert financial gains into lasting operational efficiency and demonstrate credible evidence of value created for citizens, stressing that public ownership must produce public value and that persistent losses can no longer be quietly transferred to the national budget.
An opinion piece argues that the Chief Justice's visits to state-owned enterprises to assess their performance fall outside his constitutional remit, which limits him to heading the Judiciary and presiding over the Supreme Court, and constitute an unconstitutional blurring of separation of powers.
The Director of Communications for the Bawumia Campaign Team says the government's dissolution of state-owned enterprise boards is warranted because many boards have failed to demonstrate meaningful impact and are not contributing effectively to state institutions.
IMANI Africa's Bright Simons has challenged the State Interests and Governance Authority's portrayal of state-owned enterprises' financial performance, arguing that underlying data do not support the claim of a "massive" turnaround despite SOEs posting a combined net profit of GH¢19.8 billion in 2025 against a loss of GH¢2.25 billion in 2024. Simons cited indicators including the number of profitable entities, cumulative losses, current ratios and dividend payments as evidence that the turnaround narrative is not borne out by the data.
Ghana's state-owned enterprises swung from a GH¢2.2 billion loss in 2024 to a GH¢19.8 billion net profit in 2025, attributed to higher revenues, lower finance costs and improved foreign-exchange performance. President Mahama has dissolved the governing boards of nine major state institutions including BOST, VALCO, CBG, GNPC, Ghana Post, TDC and the National Sports Authority.
State-owned enterprises reported a GH¢19.8 billion net profit in 2025, a turnaround from a GH¢2.2 billion loss in 2024. President Mahama has dissolved the governing boards of nine major state institutions, including BOST, VALCO, CBG, GNPC, Ghana Post, TDC, and the National Sports Authority.
Ghana Gas says a planned second gas processing plant (GPP2) could increase natural gas availability for power generation and reduce the pace of future electricity tariff increases. A government technical advisor estimates the plant could save close to US$500 million annually by allowing Ghana to switch from liquid fuels to natural gas for thermal power generation.
Ghana's Technical Advisor on Petroleum says the country could save close to US$500 million annually by switching from liquid fuels to natural gas for power generation, with expansion of gas-processing capacity critical to achieving those savings. The government is pursuing a second gas processing plant and onshore pipeline to expand capacity for power generation and industrial use.
President John Dramani Mahama has warned ministers, chief executives, board members and other political appointees that conduct undermining government cohesion, institutional authority or policy implementation will not be tolerated. The warning follows the President's dissolution of nine state institution boards and recent ministerial changes.