
Oil Prices Fall 4% as US-Iran Deal Eases Supply Concerns
Oil prices dropped more than 4% after the United States and Iran announced an initial peace agreement that could reopen the Strait of Hormuz and restore global energy supplies.

Oil prices dropped more than 4% after the United States and Iran announced an initial peace agreement that could reopen the Strait of Hormuz and restore global energy supplies.

ASEC's Executive Director Ing. Justice Ohene-Akoto is calling on GRIDCo and Ghana's energy sector to transition from reactive to predictive maintenance and build redundancy into critical grid infrastructure following the Akosombo Substation fire.

The Africa Sustainable Energy Centre says the Akosombo Substation fire resulted from pure engineering and structural failure, calling for immediate reforms to Ghana's transmission infrastructure, fire suppression systems, and protection coordination frameworks.

Ghana Gas CEO Judith Adjobah Blay has showcased Ghana’s energy investment opportunities at the Global Energy Show in Canada, highlighting major gas infrastructure projects and the country’s strategic role in West Africa’s energy sector.

Prestea Sankofa Gold Limited has signed an MoU with Kingmamo Resources Holdings to boost gold production, modernise operations and strengthen Ghana’s state-linked mining sector.

Tullow Oil says its Ghana drilling campaign is progressing strongly, with Jubilee production exceeding expectations and supporting higher-end 2026 output guidance.

Former Mines and Energy Committee Chairman Dr Kwabena Donkor says any renewal of Gold Fields’ Tarkwa mining lease must secure improved fiscal terms, stronger value retention, and greater benefits for Ghana.

Ghana has revised its 2026 petroleum revenue projection from US$985 million to US$1.5 billion amid rising global oil prices, with government also expecting economic growth to exceed 6%.

Energy Minister John Abdulai Jinapor says the delivery of Jubilee crude oil to Sentuo Oil Refinery marks a major step toward local value addition, energy security, industrialisation, and job creation in Ghana.

The National Petroleum Authority marked World LPG Day 2026 by reaffirming its commitment to expanding LPG access, enhancing safety standards, and advancing Ghana’s clean energy transition.

Ghana’s gold production reached a historic 5.94 million ounces in 2025, with the mining sector contributing GHS24.22 billion to government revenue as small-scale mining overtook large-scale operations.

Oil prices climbed sharply after renewed military exchanges between Iran and Israel heightened concerns over Middle East stability, threatening peace talks and raising fears over global oil supply disruptions.