
Russia Backs Ghana’s 2,000MW Nuclear Power Plan
Russia has agreed to work with Ghana towards a 2,000MW nuclear power plant, but financing, location, reactor technology and construction timelines remain unresolved.

Russia has agreed to work with Ghana towards a 2,000MW nuclear power plant, but financing, location, reactor technology and construction timelines remain unresolved.

Ghana has opened discussions with Russia’s Rosatom on establishing its first nuclear power station as part of plans to diversify electricity generation.

CBOD CEO Dr Patrick Kwaku Ofori says Ghana has secured enough petroleum cargoes through December to prevent fuel shortages and queues at filling stations.

Petrol prices in Ghana are projected to fall by up to 3.35% from November 1, while diesel and LPG prices are expected to rise during the new pricing window.

TotalEnergies Ghana profit after tax fell 16.1% to GH¢221.85 million in the nine months to September 2026 as revenue declined and operating costs increased.

ZEN Petroleum posted GH¢172.62 million profit after tax on GH¢3.56 billion revenue, but negative operating cash flow and heavy inventory remain key areas to watch.

StarOil has established SOL Energy as a licensed BIDEC to supply about half of its petroleum product needs while retaining existing bulk supply partners.

Alfred Appiah urges Ghana to expand jewellery production, arguing that local gold refining should support more jobs, skills and finished-product businesses.

PIAC Chairman Richard Ellimah says Ghana’s upstream petroleum sector is showing signs of recovery as crude production and petroleum revenue rise in 2026.

Tema Oil Refinery recorded GH¢1.24 billion in profit before tax in 2025, marking its first return to profitability in a decade, Managing Director Edmond Kombat says.

Zhejiang Huayou Cobalt has taken over Elevra Lithium’s rights and obligations in Ghana’s Ewoyaa Lithium Project, including funding commitments and offtake rights.

An IMF team visits TOR for a briefing on refinery rehabilitation, financial controls, crude supply and ongoing plans to expand processing capacity.