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Ghana Government Implements GH¢2 Diesel Subsidy Amid Cedi Weakness
Businessmyjoyonline13d ago

Ghana Government Implements GH¢2 Diesel Subsidy Amid Cedi Weakness

The Ghanaian government has introduced a GH¢2 per litre subsidy on diesel, aiming to provide immediate relief from high fuel prices. While the Energy Ministry assures taxpayers will not be burdened, the Institute for Energy Security (IES) notes that the weak cedi limits more significant price reductions and views the subsidy as a short-term solution.

Zelenskyy Visits Estonia, Discusses Aid and Peace Talks with European Leaders
WorldBBCThe GuardianAl Jazeera+55dr-dkyle-uutisethelsingin-sanomatruvukrainska-pravdafazaftonbladetberlingske+47 more2mo ago58 sources

Zelenskyy Visits Estonia, Discusses Aid and Peace Talks with European Leaders

Ukrainian President Volodymyr Zelenskyy traveled to Estonia for a summit with Baltic and Nordic states, where he discussed further military aid, including air defense systems and Gripen jets, and emphasized the need for European representation in future peace negotiations. He also addressed concerns about stray drones and Russian aggression in the region.

Three Akosombo hydro plant units restored after GRIDCO fire
Businessmyjoyonline3mo ago

Three Akosombo hydro plant units restored after GRIDCO fire

Ghana's Ministry of Energy has confirmed that three out of six generation units at the Akosombo hydro plant have been fully restored to service. This marks a critical halfway point in the recovery of the national power grid following a GRIDCO fire.

Fire at Akosombo Substation Disrupts Power Supply
Businessmyjoyonline3mo ago

Fire at Akosombo Substation Disrupts Power Supply

A fire outbreak at the Akosombo Substation has disrupted power supply, prompting the Energy Ministry to assure a swift response and public safety. GRIDCo confirmed the incident and its impact on electricity distribution.

Former PM Samaras Criticizes Greek PM Mitsotakis
Politicsnaftemporiki5mo ago

Former PM Samaras Criticizes Greek PM Mitsotakis

Former Prime Minister Antonis Samaras launched new attacks against Prime Minister Kyriakos Mitsotakis during a parliamentary discussion on an energy ministry bill, questioning Mitsotakis's remarks about 'professional worriers'.

New LPG Subsidy Strains Thailand's Fuel Fund
PoliticsBangkok Post9d ago

New LPG Subsidy Strains Thailand's Fuel Fund

Thailand's Energy Ministry has increased the subsidy for liquefied petroleum gas (LPG) to maintain stable domestic cooking gas prices, a move that is adding significant financial pressure on the state's Oil Fuel Fund.

Thailand Seeks to Diversify Oil Imports
BusinessBangkok Post3mo ago

Thailand Seeks to Diversify Oil Imports

Amid concerns over stalled negotiations to end the conflict in Iran, Thailand's Energy Ministry stated the country has 117 days of oil reserves and is determined to secure oil from regions beyond the Middle East.

UAE Announces Withdrawal from OPEC, Sparking Market Concerns
WorldReutersBBCbloomberg+33FTThe GuardianNPRAl JazeeranzzSCMPde-volkskrantdie-presse+25 more3mo ago36 sources

UAE Announces Withdrawal from OPEC, Sparking Market Concerns

The United Arab Emirates has announced its decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC). This move has prompted widespread discussion about its potential impact on global oil markets, OPEC's future influence, and regional geopolitical alliances.

Ghana Energy Ministry Explains 'Dumsor,' Warns of Future Outages
Businessmyjoyonline3mo ago

Ghana Energy Ministry Explains 'Dumsor,' Warns of Future Outages

Ghana's Energy Ministry has attributed December 2024 power outages ('dumsor') to generation issues and past investment gaps, while also warning of possible future disruptions due to ongoing repairs at the Akosombo substation. The ministry is installing 3,000 new transformers as part of its efforts to improve the power sector.

Ghana's Energy Ministry Reforms ECG Operations
Environmentmyjoyonline4mo ago

Ghana's Energy Ministry Reforms ECG Operations

Ghana's Ministry for Energy and Green Transition is intensifying efforts to improve the operational efficiency and accountability of the Electricity Company of Ghana (ECG) as part of broader power sector reforms.

Miners Detained in Turkey During Wage Protest
Worldstockholm-cf7d ago

Miners Detained in Turkey During Wage Protest

Scores of miners from Eti Gümüş and Doruk Mining were detained in Ankara, Turkey, while protesting outside the Energy Ministry over unpaid wages, severance claims, and unpaid leave.

Minority MP Demands Missing Energy Sector Account Report
Politicsmyjoyonline3mo ago

Minority MP Demands Missing Energy Sector Account Report

Minority MP Habib Iddrisu has invoked the Right to Information (RTI) Law, demanding the Energy Ministry submit a missing Energy Sector Account report. This action follows the Minority in Parliament's questioning of the ministry regarding the unsubmitted levy account report.

Ghana Power Crisis: Minority Demands Energy Minister's Removal
Politicsmyjoyonline3mo ago

Ghana Power Crisis: Minority Demands Energy Minister's Removal

Ghana is grappling with a severe power crisis, exacerbated by the Akosombo substation fire, leading the Minority in Parliament to demand the Energy Minister's removal and full accountability for 'Dumsor levy' funds. While the Energy Ministry assures restoration efforts, the Deputy Energy Minister acknowledged the challenges, stating he removed his generator to experience the power outages firsthand.

Akosombo Substation Fire Disrupts Ghana's Power Supply
Politicsmyjoyonline3mo ago

Akosombo Substation Fire Disrupts Ghana's Power Supply

A fire incident at the Akosombo substation has caused significant disruptions to Ghana's national power supply, with the control room responsible for power evacuation severely damaged. Authorities are working on restoration efforts and investigating potential criminal aspects of the incident.

Akosombo Substation Fire Causes Ghana Power Outages
Worldmyjoyonline3mo ago

Akosombo Substation Fire Causes Ghana Power Outages

A fire at the Akosombo substation caused significant power disruptions across Ghana, cutting about 1,000MW from the national supply. Authorities have launched an investigation and begun phased restoration efforts, with full power expected within five days.

Russia to Ban Gasoline Exports from April 1 to Prioritize Domestic Supply and Stabilize Prices
WorldReutersbloombergFT+38The Guardiannrkyle-uutisethelsingin-sanomatukrainska-pravdafazaftonbladetDW+30 more4mo ago41 sources

Russia to Ban Gasoline Exports from April 1 to Prioritize Domestic Supply and Stabilize Prices

Russia has announced a ban on gasoline exports starting April 1, aiming to prioritize domestic supplies and stabilize fuel prices amidst surging domestic prices and turbulence in global oil markets. Deputy Prime Minister Alexander Novak instructed the energy ministry to draft a resolution for this measure, which will last until July 31st.