Business Outlook Africa

GOIL PLC Records GH₵90,672,000 Net Profit in 2025 Despite Revenue Decline

Ghana’s leading downstream petroleum company, GOIL PLC, has recorded a net profit after tax of GH₵90,672,000…

Zen Petroleum Eyes Market Leadership in 5 Years-Board Chairman

The Board Chairman of Zen Petroleum,Mr Frank Adu has signaled ambitious growth plans following the company’s…

ECG Completes Lashibi Primary Substation Upgrade

The Electricity Company of Ghana has announced the successful completion of the Phase 2 of the…

Government Announces Petroleum Relief For Consumers With 2 Cedis reduction per liter on diesel and 36 Pesewas reduction per litre on petrol.

The Government of Ghana has announced that effective ,Thursday April 16,2026 it will provide a relief…

IMANI Africa, COPEC, INSTEPR, IES Propose GH¢1.65 Relief on Petroleum Prices

Four civil society organizations namely IMANI Africa, COPEC Ghana, INSTEPR, and the Institute for Energy Security…

GNPC’s Explorco Owes Ghana Over US$561 Million in Unaccounted Petroleum Revenue — PIAC

The Public Interest and Accountability Committee (PIAC) has raised fresh alarm over the failure of Explorco,…

Ghana’s Oil Output Hits Six-Year Low as Petroleum Receipts Plunge by 43%

Ghana’s crude oil production has declined for the sixth consecutive year, with the Public Interest and…

Rising Fuel Prices Could Push Up Food Production Costs – Industry Leaders Warn

The Chairman of the Food and Beverages Association of Ghana, John Awuni, has cautioned that rising…

NPA Raises Minimum Prices for Petroleum Products in Second March 2026 Pricing Window

The National Petroleum Authority (NPA) has adjusted the minimum price floors for petroleum products for the…

NPA Assures Public of Adequate Fuel Stocks

The National Petroleum Authority has assured the general public of the country’s adequate fuel stocks amid…