Oil prices have jumped to $105 a barrel as US-Iran conflict intensifies and the Strait of Hormuz faces effective closure, while US and UK long-term borrowing costs have surged to their highest level in decades. Analysts warn that rising energy and borrowing costs are placing pressure on financial markets and the global economy.
10 September 2026 · Joy Online →
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.
10 September 2026 · Joy Online →
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.
10 September 2026 · Joy Online →
Ghana's Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has called for deeper mining partnerships with China that prioritize processing, technology transfer, skills development and local supply chains, rather than the extraction and export of raw minerals. The government seeks to ensure greater value is retained in Ghana while creating industries, jobs and building local expertise.
10 September 2026 · Joy Online →
Ghana's total electricity generation fell 3.99% in July 2026 compared to June, declining from 2,413.30 GWh to 2,317.13 GWh, though it was 6.20% higher than July 2025. Thermal power dominated generation at 74.33% of the mix, while the Public Utilities Regulatory Commission highlighted the need to monitor generation availability and fuel supply for reliable electricity provision.
10 September 2026 · Joy Online →
Ghana's Lands and Natural Resources Minister called for deeper mining partnerships with China, urging Chinese investors to support mineral processing, technology transfer, skills development and industrialisation rather than raw material exports. The government aims to build local expertise, industries and stronger communities through value addition in mining.
10 September 2026 · Joy Online →
At the 2026 Africa Down Under Summit in Perth, Ghana's representatives presented the country's fast-growing critical minerals sector to Australian investors, emphasizing opportunities in lithium, bauxite, iron ore and base metals while positioning Ghana as a stable, reform-driven hub for the global energy transition and moving beyond traditional gold production to value-added mining.
10 September 2026 · Joy Online →
Minister Emmanuel Armah-Kofi Buah visited China to encourage Chinese mining giant Zijin Mining Group to make Ghana a focal point for its exploration and investment across Africa, positioning the country as a major mining investment hub on the continent. Armah-Kofi Buah emphasized Ghana's readiness to establish a long-term, mutually beneficial partnership with Zijin, citing the company's recent support for government initiatives including degraded mining lands reclamation.
10 September 2026 · The Chronicle →
Billionaire Aliko Dangote is planning to build a $15–16 billion refinery in Lamu, Kenya, with a 700,000-barrel-per-day capacity and expected completion by 2030, but securing crude supply poses a challenge since Kenya currently has no commercial oil output, unlike Nigeria where Dangote's existing refinery operates.
10 September 2026 · Joy Online →
Brent crude futures held firm at $101.10 a barrel as Iran and the U.S. launched their largest attacks on shipping in their six-month-old conflict, with traders bracing for deeper supply disruptions. Oil flows through the Strait of Hormuz remain far below pre-war levels, and Brent prices have surged nearly 30% from early August lows as a permanent ceasefire agreement failed to materialize.
10 September 2026 · Joy Online →