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Sunday, 1 November 2026
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Mining & Energy

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Mining & Energy

NAIMOS, Amenfi West MP plan enhanced illegal mining collaboration

The News

The Director of Operations of the National Anti-Illegal Mining Operations Secretariat held discussions with the Member of Parliament for Amenfi West on strengthening stakeholder collaboration against illegal mining, focusing on environmental, security and socio-economic impacts in the region. NAIMOS outlined a strategy moving from temporary enforcement raids towards sustained operations supported by enhanced riverine collaboration with the Ghana Navy.

8 hours ago · Joy Online →

Today

  1. NAIMOS, Amenfi West MP plan enhanced illegal mining collaboration

    The Director of Operations of the National Anti-Illegal Mining Operations Secretariat held discussions with the Member of Parliament for Amenfi West on strengthening stakeholder collaboration against illegal mining, focusing on environmental, security and socio-economic impacts in the region. NAIMOS outlined a strategy moving from temporary enforcement raids towards sustained operations supported by enhanced riverine collaboration with the Ghana Navy.

    8 hours ago · Joy Online →

Yesterday

  1. Gold mobilisation supports economy but damages environment, prof warns

    An Associate Professor at the University of Ghana School of Law says Ghana is "winning the financial war but losing the environmental war" through gold mobilisation, as the Ghana Gold Board supports the economy and cedi stability while illegal mining continues to pollute water bodies and destroy forest reserves.

    22 hours ago · Joy Online →

  2. NAIMOS lacks equipment to combat illegal mining effectively

    The Executive Director of EcoConscious Citizens has raised concerns that the National Anti-Illegal Mining Operations Secretariat (NAIMOS) and other anti-galamsey task forces lack adequate equipment and logistical support to effectively fight illegal mining, noting that forestry guards lack bulletproof vests despite threats from armed illegal miners.

    31 October 2026 · Joy Online →

Friday 30 October

  1. Konongo, Juansa chiefs support Northern Ashanti Mines license revocation

    Traditional authorities in Konongo and Juansa have backed the Minerals Commission's revocation of Northern Ashanti Mines Limited's license, citing poor performance, environmental degradation, and neglect of community responsibilities. The chiefs support bringing in credible investors to mine responsibly and protect local water bodies and farmland.

    30 October 2026 · Joy Online →

  2. NAIMOS seizes 65 Changfang machines in illegal mining crackdown

    The National Anti-illegal Mining Secretariat has intercepted 65 brand new Changfang machines suspected for use in galamsey activities in the Western and Western North regions, with two persons arrested in connection with the transport and receipt of the equipment. NAIMOS says the seized equipment and vehicles are secured pending investigation into their source, intended destination, and links to illegal mining.

    30 October 2026 · Joy Online →

  3. NAIMOS seizes 65 Changfang machines in illegal mining crackdown

    Ghana's National Anti-illegal Mining Secretariat (NAIMOS) has intercepted 65 brand new Changfang machines suspected for use in illegal galamsey mining in the Western and Western North regions, with two persons arrested; the equipment was seized in two separate operations within days of each other.

    30 October 2026 · Joy Online →

  4. Gold Fields spent $4.26bn on local procurement over five years

    Gold Fields Ghana has invested $4.26 billion in local procurement over the past five years, including $2.59 billion with host community businesses, representing 93 per cent of its total procurement spending. The company has engaged and supported nearly 100 suppliers in its host communities.

    30 October 2026 · Daily Guide →

  5. Ghana Gold Board CEO criticises Akufo-Addo handling of illegal mining

    The CEO of the Ghana Gold Board, Sammy Gyamfi, has accused the former NPP administration of targeting anti-galamsey campaigners rather than tackling illegal mining itself, claiming some activists were arrested and imprisoned. He contrasted this with President Mahama's current administration, which he says has demonstrated stronger commitment to confronting galamsey.

    30 October 2026 · Joy Online →

  6. Gold Fields invested $4.26bn in Ghanaian businesses over five years

    Gold Fields Ghana Limited has invested US$4.26 billion in local businesses over the past five years, with US$2.59 billion directed to businesses in its host communities, while maintaining 93 per cent in-country procurement spend. The company says its commitment to local content extends beyond regulatory compliance to developing strong Ghanaian enterprises.

    30 October 2026 · The Chronicle →

  7. Ghana initiates nuclear power talks with Russia

    President John Dramani Mahama has disclosed that Ghana has initiated discussions with Russia on establishing the country's first nuclear power station, as part of efforts to secure reliable electricity for industrialisation. He highlighted Ghana's longstanding relationship with Russia in nuclear science since 1964 and stressed that cooperation could help strengthen the country's electricity supply and support long-term industrial development.

    30 October 2026 · The Chronicle →

  8. AngloGold Ashanti awards scholarships to thirty KNUST Obuasi students

    AngloGold Ashanti has awarded scholarships to 30 students from its Obuasi Mine's host communities pursuing engineering and STEM courses at KNUST's Obuasi Campus, bringing the total number of scholars supported by the company to fifty. Each student receives a laptop, tuition fees, and accommodation; the company paid GHC697,976.00 for the one-year fees for the 30 students.

    30 October 2026 · The Chronicle →

  9. Minerals Commission urges Northern Ashanti Mines to litigate lease termination

    The Minerals Commission terminated Northern Ashanti Mines Limited's mining leases and prospecting licences, citing the company's failure to pay statutory fees (US$8.33 million in annual mineral right fees and US$49,928 in prospecting licence fees) and lack of meaningful mining operations for over two years. The Commission has told the company to pursue its legal challenge in court rather than through media commentary.

    30 October 2026 · Joy Online →

  10. Ghana begins discussions with Rosatom on nuclear power station

    President Mahama announced at the Russia-Africa Forum that Ghana has initiated discussions with Russian State Nuclear Energy Corporation Rosatom to establish the country's first nuclear power station, citing the need for reliable electricity to support Africa's industrialisation and development.

    30 October 2026 · Joy Online →

  11. Russia's Rusal plans joint venture to mine bauxite in Ghana

    Rusal, the world's largest aluminium producer outside China, signed a memorandum with Ghana's state agency to establish a joint venture targeting annual bauxite production of 5 million metric tons and processing capacity of 1.2 million tons.

    30 October 2026 · Joy Online →

  12. Russian refinery attacks disrupt global diesel supplies, raising prices

    Attacks on Russian refineries have knocked out about 30% of the country's diesel supply, forcing Russia to restrict exports to meet domestic needs and prompting other countries to release strategic reserves. The NPA's director said the global supply crunch had tightened diesel availability, with Western restrictions on Russian diesel redirecting supplies that had previously benefited Ghana and other African countries.

    30 October 2026 · Joy Online →

Thursday 29 October

  1. Anas announces investigation into Angela List's Nguvu/Konongo Mines

    Investigative journalist Anas Aremeyaw Anas is preparing to publish an investigation into Nguvu/Konongo Mines, owned by Angela List, examining the dispute surrounding the mining interests and its implications for Ghana's gold sector. The investigation, conducted by The New Crusading Guide and Tiger Eye, will explore the networks and relationships behind the operations and analyse how the dispute is affecting Ghana's gold industry and the state's finances.

    29 October 2026 · Joy Online →

  2. Minister calls for responsible mining as standard practice

    Environment Minister Dr Zanetor Agyeman-Rawlings visited Zijin Mining's New Abirem operations and called for responsible mining practices to become the standard in Ghana, stressing that mineral extraction must not damage water bodies, farmlands, ecosystems, or future generations' wellbeing.

    29 October 2026 · Joy Online →

  3. NAIMOS targets equipment suppliers in illegal mining crackdown

    The National Anti-Illegal Mining Operations Secretariat plans to target individuals and businesses manufacturing or selling equipment used in illegal mining in Aowin and Enchi, Western North Region, as part of efforts to curb galamsey and environmental destruction in areas with gold deposits and major water bodies.

    29 October 2026 · Joy Online →

  4. Anas Aremeyaw Anas announces investigative exposé on Konongo Mines

    Investigative journalist Anas Aremeyaw Anas has announced an upcoming investigation titled "The Stakes and Mystery of Angela List's Nguvu/Konongo Mines," promising to examine the fight over the mines, what the state is losing, and the networks underpinning List's operations, though specific names and figures are being withheld for now.

    29 October 2026 · The Ghanaian Times →

  5. Minerals Commission defends termination of Northern Ashanti Mines lease

    The Minerals Commission terminated Northern Ashanti Mines Limited's mineral rights after the company accumulated approximately US$8.33 million in unpaid Annual Mineral Right fees and US$49,928 on prospecting licences, failing to meet statutory obligations despite multiple opportunities to settle.

    29 October 2026 · Joy Online →

  6. Ghana initiates talks with Russia on first nuclear power station

    President Mahama told the Russia-Africa Summit in Moscow that Ghana has begun discussions with Russian state nuclear corporation Rosatom about building its first nuclear power station as part of efforts to secure reliable, affordable electricity and diversify the country's energy mix. The proposal builds on Ghana's nuclear cooperation with Russia dating to 1964, when the Soviet Union supplied a reactor for scientific research.

    29 October 2026 · Joy Online →

  7. Brent crude to average US$81 per barrel in 2027

    Fitch Solutions expects Brent crude to fall from an average of US$83/bbl in 2026 to US$81/bbl in 2027 as the Strait of Hormuz reopens, Middle East production normalizes, and OPEC+ unwinds remaining production cuts, pushing global supply above demand and lowering prices. The firm forecasts that falling fuel prices will ease transport costs across Sub-Saharan Africa, generating disinflationary effects and prompting most SSA central banks to resume monetary easing in 2027.

    29 October 2026 · Joy Online →

  8. IEA launches one-year nuclear power support programme in Ghana

    The Institute of Economic Affairs (IEA Ghana) has launched a one-year initiative to support Phase Two of Ghana's Nuclear Power Programme, focusing on institutional coordination, human resource capacity, regulatory preparedness, and policy frameworks. Ghana is working toward Phase Two requirements under the IAEA's Milestones Approach to prepare for its first nuclear power plant.

    29 October 2026 · Joy Online →

  9. Russian aluminium firm Rusal to mine bauxite in Ghana

    Russian aluminium producer Rusal has signed a memorandum with Ghana Integrated Aluminium Development Corporation to develop a joint venture mining and processing bauxite in Ghana, with targets of 5.0 million metric tons annual bauxite production and 1.2 million metric tons annual processing capacity.

    29 October 2026 · Joy Online →

  10. Explorco reports improved finances ahead of Voltaian drilling

    GNPC Exploration and Production Limited reported growth in revenue and profitability, stronger cash generation, and reduced borrowings in 2025, as it prepares for an onshore drilling campaign in the Voltaian Basin in the fourth quarter of 2026. The company's Board Chairman emphasized that its transition to direct operatorship would require strong technical expertise, disciplined project management, and sound risk management.

    29 October 2026 · Joy Online →

  11. Environment minister highlights responsible mining after Zijin visit

    Dr Zanetor Agyeman-Rawlings visited Zijin Mining's operations at New Abirem in the Eastern Region and emphasized the need for responsible mining practices that minimize environmental damage and restore degraded lands, contrasting the company's environmental management with destruction at illegal mining sites.

    29 October 2026 · Joy Online →

  12. NAIMOS arrests six illegal miners at Wakawaka in Savannah

    The National Anti-Illegal Mining Operations Secretariat arrested six suspected illegal miners at Wakawaka in Bole District after they returned to a previously cleared site to resume mining activities. The joint operation with the Ghana Armed Forces from October 26–28 resulted in the seizure of equipment and the destruction of seven air compressors and 58 makeshift structures.

    29 October 2026 · Joy Online →

  13. Minerals Commission defends Northern Ashanti Mines licence termination

    The Minerals Commission has terminated the mining lease and prospecting licences of Northern Ashanti Mines Limited over unpaid mineral right fees exceeding US$8.3 million, saying the decision followed persistent breaches of Ghanaian law and was carried out in accordance with the Minerals and Mining Act.

    29 October 2026 · Daily Guide →

  14. GBC secures $250m Ecobank financing for Awaso mine expansion

    Ghana Bauxite Company and Ecobank Ghana have signed a US$250 million financing arrangement to expand and modernise GBC's mining operations at Awaso in Western North region, targeting production of 1.5 million tonnes per year and supporting Ghana's goal to process more bauxite locally.

    29 October 2026 · The Chronicle →

  15. Mahama seeks Russian energy investment in solar, nuclear

    President Mahama expressed Ghana's interest in strengthening energy cooperation with Russia, particularly in solar and nuclear power, ahead of a planned bilateral meeting with Russian President Putin at the Russia-Africa Summit. Mahama said Ghana is exploring alternative energy sources to diversify its energy mix and noted Russia's advanced technology in those areas.

    29 October 2026 · The Chronicle →

  16. Ghana's energy sector reforms show financial improvement, IMANI Africa reports

    IMANI Africa, following discussions with Ghana's Ministry of Energy and Green Transition, notes encouraging evidence of government efforts to address structural weaknesses through financial discipline and institutional reform. The Electricity Company of Ghana (ECG) reported after-tax losses declined from GH¢8.26 billion in 2024 to GH¢2.52 billion in 2025, representing a 69.5% improvement.

    29 October 2026 · Joy Online →

  17. Mining company challenges Minerals Commission's lease revocation

    Northern Ashanti Mines Limited has challenged the Minerals Commission's decision to revoke its mining lease and prospecting licence, claiming the commission failed to follow due process, misrepresented the company's financial position, and did not give prior notice of alleged breaches before the revocation.

    29 October 2026 · The Ghanaian Times →

  18. Ghana Bauxite Company secures $250m financing for Awaso expansion

    Ghana Bauxite Company Limited has signed a $250 million financing mandate with Ecobank Ghana to expand and modernise its mining operations at Awaso, with the funds supporting mine expansion, working capital, and Ghana's goal to process more bauxite locally.

    29 October 2026 · The Ghanaian Times →

  19. Oil prices fall as Middle East peace talks offset conflict fears

    Brent crude declined 0.7% to $114.50 a barrel and WTI fell 1.0% to $101.74 on Thursday as hopes for peace negotiations eased concerns about supply disruptions from escalating Middle East conflict, though declines remain limited due to ongoing Houthi attacks and concerns over potential US action against Iran.

    29 October 2026 · Joy Online →

Wednesday 28 October

  1. Former mines inspector urges negotiated payment plan with Northern Ashanti

    A former Chief Inspector of Mines has urged the Minerals Commission to negotiate a payment plan with Northern Ashanti Mines over alleged outstanding statutory fees rather than escalate the dispute, noting that the company is still in the pre-production phase and may lack sufficient cash flow to meet immediate financial obligations.

    28 October 2026 · Joy Online →

  2. Debt alone insufficient to revoke Northern Ashanti Mines' lease

    The Co-chair of Ghana's Extractive Industries Transparency Initiative says outstanding statutory debt should not be grounds for revoking Northern Ashanti Mines' lease, arguing the government should negotiate payment arrangements instead and that keeping the business operational enables revenue generation to settle obligations.

    28 October 2026 · Joy Online →

  3. IMANI VP alleges politically connected figures seizing Ghanaian-owned mines

    Kofi Bentil of IMANI Africa alleges that politically connected individuals are taking over Ghanaian-owned mining companies, citing Northern Ashanti Mines and Adamus Mines as examples, without following due process. He argues the trend threatens local participation in the mining sector and claims the Minerals Commission failed to follow required procedures in revoking Northern Ashanti Mines' licence despite the company having invested over US$100 million.

    28 October 2026 · Joy Online →

  4. IMANI's Kofi Bentil accuses Minerals Commission of undermining local mines

    Vice President of IMANI Africa Kofi Bentil has accused the Minerals Commission of undermining Ghanaian-owned mining companies through questionable revocation of mining rights, citing Northern Ashanti Mines, Adamus Resources, and Narawa Mines as examples. He argues the Commission's actions contradict Ghana's indigenisation policy and urged the government to intervene and ensure the law is respected.

    28 October 2026 · Joy Online →

  5. Minister warns illegal mining destroying water, farmland, soil

    Dr Zanetor Agyeman-Rawlings, Minister for Science, Technology and Innovation, has warned that illegal mining in Ghana is degrading water bodies, farmlands and soil, threatening public health, food security and future livelihoods. She questioned the value of gold if natural resources essential for human survival are destroyed in the process.

    28 October 2026 · Joy Online →

  6. Mahama seeks Russia ties on solar, nuclear energy expansion

    President John Dramani Mahama said Ghana is looking to strengthen its energy partnership with Russia, particularly in solar and nuclear power, as part of efforts to diversify the country's energy sources. He expressed optimism that a planned bilateral meeting with Russian President Vladimir Putin would open new areas of cooperation in energy, investment, and economic development.

    28 October 2026 · The Ghanaian Times →

  7. AngloGold Ashanti Obuasi to host inaugural West Africa mine rescue competition

    AngloGold Ashanti's Obuasi Mine and Endeavour Mining will jointly host the 2026 West Africa Mine Rescue and Emergency Response Competition from November 2–6 in Obuasi, Ghana, bringing together mine rescue teams and emergency response professionals from across West Africa to demonstrate technical skills and exchange knowledge on mine safety and casualty management.

    28 October 2026 · Joy Online →

  8. Ghana Bauxite Company secures US$250m for mine expansion

    Ghana Bauxite Company Limited has signed a US$250 million financing arrangement with Ecobank Ghana to expand its Awaso mine and prepare it to feed a planned alumina refinery as part of developing an integrated aluminium industry.

    28 October 2026 · Joy Online →

  9. $59m Yendi Solar Farm to boost Northern Ghana electricity supply

    A 50-megawatt-peak solar facility at Galgu in Yendi Municipality is expected to strengthen electricity supply in Yendi and surrounding communities, create employment, and support Ghana's renewable energy drive. Parliament's Select Committee on Energy and Mines welcomed the project's progress and involvement of a Ghanaian company in its implementation.

    28 October 2026 · The Ghanaian Times →

  10. Environment minister urges mining firms to protect host communities

    Ghana's Environment Minister Dr Zanetor Agyeman-Rawlings has called on mining companies to comply with environmental laws and prevent host communities from bearing the consequences of pollution, deforestation and land degradation. She expressed hope that the expanded mandate of the Environmental Protection Agency will strengthen oversight and compel mines to adhere to required environmental standards.

    28 October 2026 · The Chronicle →

  11. Northern Ashanti Mines disputes Minerals Commission takeover and debt claims

    Northern Ashanti Mines Limited has challenged the Minerals Commission's justification for taking over its Konongo premises, disputing claims of US$8.3 million in debt and accusing the regulator of acting in bad faith without proper notice of statutory breaches. The company says it has invested more than US$100 million in the mine since 2019 and received only a revocation letter without prior statutory notice as required by law.

    28 October 2026 · Joy Online →

  12. Oil prices rise after Saudi Arabian refinery attack

    Brent crude rose 1.3% to $115.36 per barrel after Yemen's Houthis claimed an attack on Saudi Arabia's largest refinery, renewing Middle East supply concerns. US crude rose 1.22% to $101.12 amid the incident.

    28 October 2026 · Joy Online →

  13. Tanzania discovers 223 billion cubic feet of natural gas in Mnazi Bay

    Tanzania's energy minister announced the discovery of an estimated 223 billion cubic feet of natural gas in the Mnazi Bay area, found by state-owned TPDC and French company Maurel & Prom at the Kasa-1X ST2 well. This is Tanzania's first gas discovery in more than 10 years, with first production potentially starting as early as next month.

    28 October 2026 · Joy Online →

Tuesday 27 October

  1. Police investigator defends probe methods in illegal mining trial

    A police investigator testified in the trial of former NPP regional chairman Bernard Antwi Boasiako and Akonta Mining Company Limited over alleged illegal mining in Tano Nnimire Forest, defending his investigation methods including witness interviews, site visits, drone surveillance, and document review.

    27 October 2026 · Joy Online →

  2. Ghana's contract mining policy aims to boost local employment and companies

    Ghana's Minerals and Mining (Local Content and Local Participation) Regulations require Ghanaian companies to conduct surface mining and hold at least 50 percent interest in underground mining partnerships. The policy is intended to create direct and indirect employment for skilled and unskilled Ghanaian workers in mining operations.

    27 October 2026 · Joy Online →

  3. Gold Fields spent $4.26bn on goods and services locally

    Gold Fields Ghana Limited spent US$4.26 billion on goods and services over five years, with US$2.59 billion in its host communities and 93% of procurement undertaken in-country, involving almost 100 community vendors in efforts to retain more economic value locally.

    27 October 2026 · Joy Online →

  4. Minerals Commission terminates Northern Ashanti Mines licences over debt

    Ghana's Minerals Commission has defended its termination of Northern Ashanti Mines Limited's mining leases and prospecting licences, citing more than US$8.38 million in unpaid Annual Mineral Right fees accumulated from 2010 to 2025 and alleged breaches of the Minerals and Mining Act. The company has challenged the termination in legal proceedings.

    27 October 2026 · Joy Online →

  5. Energy minister discusses sector policy with IMANI think tank

    Dr John Abdulai Jinapor held a policy dialogue with IMANI Centre for Policy and Education to discuss government developments in Ghana's power and petroleum sectors and renewable energy plans. The minister described the discussions as frank and constructive, emphasising the importance of stakeholder engagement in strengthening accountability and refining policies.

    27 October 2026 · Joy Online →

  6. Eco-Conscious Citizens director urges Mahama to reaffirm mining licence requirements

    Awula Serwah, Executive Director of Eco-Conscious Citizens, has urged President Mahama to publicly reaffirm legal mining requirements, warning that recent comments by Ghana Gold Board CEO risk signalling to small-scale miners that they can operate without proper licensing. She cautioned that such signals could undermine anti-illegal mining efforts and stressed that mining licences are essential alongside other regulatory approvals to prevent pollution and environmental destruction.

    27 October 2026 · Joy Online →

  7. TOR unveils four-year expansion to boost refining capacity to 200,000 bpsd

    Tema Oil Refinery announced a "Restoration and Legacy Projects" programme for 2026–2029 aimed at quadrupling its refining footprint through brownfield expansion of existing capacity from 45,000 to 85,000 barrels per stream day and development of a new greenfield refinery with 115,000 bpsd capacity. The agenda also includes social infrastructure such as a Specialist Hospital with a Burns and Trauma Centre.

    27 October 2026 · Joy Online →

  8. TOR refining Ghanaian crude, retaining value domestically

    The Tema Oil Refinery's MD has emphasised the strategic importance of refining Ghanaian crude domestically to retain value in the national economy and fulfil the President's value-addition vision. Since December 2025, TOR has resumed crude processing and received multiple cargoes of crude oil, including indigenous sources like Jubilee and Sankofa crude.

    27 October 2026 · Joy Online →

  9. TOR cuts debt by half to $300 million under restructuring

    The Tema Oil Refinery has reduced its debt from $650 million to about $300 million through a restructuring programme supported by the Energy Sector Levies Act, according to its Managing Director. The refinery has also settled exposures to four banks as part of efforts to restore its financial viability.

    27 October 2026 · Joy Online →

Monday 26 October

  1. Mining research centre rejects call for GoldBod CEO's resignation

    The Centre for Mining Research and Policy has rejected the Minority's call for Ghana Gold Board CEO Sammy Gyamfi to resign over his comments on formalising small-scale mining, arguing that his position focused on bringing eligible miners into the formal regulatory system rather than enabling illegal mining.

    26 October 2026 · Joy Online →

  2. NAIMOS seizes 22 Chanfang machines targeting galamsey supply

    The National Anti-Illegal Mining Operations Secretariat (NAIMOS) has expanded enforcement beyond mining sites to target suppliers of illegal mining equipment. During an Eshaem operation in the Western Region, the Task Force destroyed 28 chanfang machines, 19 water pumps, and five structures at illegal mining sites, and seized a truck carrying 22 brand-new Chanfang machines being delivered to a store.

    26 October 2026 · Joy Online →

  3. Malawi studies Ghana's gold mining governance reforms

    A Malawi delegation led by its Mining Minister met Ghana's Lands and Natural Resources Minister to learn from Ghana's experience in mining-sector reforms, focusing on responsible sourcing, artisanal mining, and mineral revenue management. Ghana's Lands Minister outlined ongoing reforms including clearer timelines for mining licences and involvement of district-level committees in assessing proposed concessions.

    26 October 2026 · Joy Online →

  4. TOR expansion will raise refinery capacity to 100,000 barrels daily

    Tema Oil Refinery's Managing Director announced a major expansion drive to restore full commercial operation, with near-term work to increase throughput from 28,000 barrels per stream day to 45,000–55,000 bpsd, and a strategic roadmap to eventually reach 100,000 barrels per day processing capacity.

    26 October 2026 · The Ghanaian Times →

  5. Tema Oil Refinery resumes crude processing after years dormant

    The Managing Director of Tema Oil Refinery announced that crude processing resumed on December 19, 2025, after years of dormancy. Since May 2026, the refinery has received multiple crude cargoes including Jubilee Medium Sweet and Sankofa crudes, with the President commissioning the refurbished Crude Distillation Unit on August 1, 2026.

    26 October 2026 · The Ghanaian Times →

  6. TOR's product storage volumes surge 216% from 2024 to 2026

    The Tema Oil Refinery recorded a 216.19% increase in product storage volumes between 2024 and 2026, rising from 426,954 metric tonnes in 2024 to 1,350,000 metric tonnes in 2026, as management works to restore commercial operations and strengthen the refinery's role in Ghana's petroleum supply chain.

    26 October 2026 · Joy Online →

  7. TOR refinery revival shielded Ghana from Iran conflict fuel shocks

    The Managing Director of Tema Oil Refinery says the restoration of refining operations has strengthened Ghana's resilience against international disruptions to petroleum supplies, including those from the Iran conflict, and underscores the importance of maintaining domestic processing capacity.

    26 October 2026 · Joy Online →

  8. TOR targets 100,000 barrels daily, Ghana seeks 70% local fuel by 2028

    The Tema Oil Refinery is expanding its crude-processing capacity to 100,000 barrels per day as part of a government strategy to meet about 70 per cent of Ghana's national fuel demand through local refining by 2028. The expansion, directed by President Mahama, aims to reduce dependence on imported petroleum products and strengthen energy security, with a longer-term ambition of reaching 200,000 barrels per day.

    26 October 2026 · Joy Online →

  9. TOR receives 5 million barrels of crude after 2024 shortage

    The Tema Oil Refinery has received more than five million barrels of crude oil following zero receipts in 2024, according to its Managing Director. The renewed supply reflects growing confidence among suppliers and business partners following the refinery's recovery programme and restart of operations in December 2025.

    26 October 2026 · Joy Online →

  10. Energy expert appointed Genkas Energy managing director

    Ebenezer Adjetey Sowah, a petroleum engineer and former Dealer Cluster Manager at Vivo Energy Ghana, has been appointed Managing Director of Genkas Energy Ltd effective September 30, 2026. The company operates in oil and gas and renewable energy sectors.

    26 October 2026 · Joy Online →

  11. GNASSM defends Gold Board CEO over illegal mining remarks

    The Ghana National Association of Small Scale Miners has defended the CEO of the Ghana Gold Board against criticism of his recent comments on illegal mining, stating he was advocating for the formalisation of eligible unlicensed miners rather than endorsing galamsey. The remarks were made during a stakeholder engagement at KNUST attended by more than 1,500 mine owners to discuss the District Gold Market concept and sector reform.

    26 October 2026 · The Chronicle →

  12. AngloGold Ashanti and Project CURE launch healthcare partnership

    AngloGold Ashanti Obuasi Mine and Project CURE have entered a healthcare partnership spanning 2025 to 2029 to strengthen healthcare delivery in the two Municipalities in Obuasi. Project CURE will donate ten cargo containers of medical supplies and equipment valued at approximately US$3.5 million, with specialized training for healthcare professionals and community health outreach planned.

    26 October 2026 · The Chronicle →

  13. IMF delegation visits TOR to assess rehabilitation and operations

    An International Monetary Fund delegation led by Ghana Resident Representative Dr. Adrian Alter visited the Tema Oil Refinery to review its operations, ongoing rehabilitation works, and management's efforts to restore financial and operational stability. The refinery's Managing Director told the delegation that management has relied on internally generated funds since taking office in May 2025 and mentioned plans to list TOR on the Ghana Stock Exchange.

    26 October 2026 · The Chronicle →

  14. Oil retreats from six-month highs despite Houthi attack risks

    US crude futures fell 1.55% to $101.67 per barrel and Brent crude dropped 1.34% to $115.16 on Monday, after surging to near six-month highs the previous week. Houthi attacks on Saudi Arabian oil facilities and airports continued to stoke energy supply concerns.

    26 October 2026 · Joy Online →

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