Ghana News
New Report Warns Ghana’s Falling Gas Supply Will Spike Fuel Imports, Threaten Light Out
Ghana’s six-year crude oil production collapse poses a direct and escalating threat to the nation’s electricity supply, the Institute for Energy Security (IES) has warned.
The warning comes as IES data shows crude oil output has crashed from 71.44 million barrels in 2019 to 37.30 million barrels in 2025—a decline of almost 48 percent.
With production concentrated in just three offshore fields—Jubilee, TEN and Sankofa Gye Nyame—the associated gas that fuels a significant portion of Ghana’s thermal power generation is also dwindling.
IES warned that the sustained production decline has implications far beyond the upstream petroleum sector. Falling crude production threatens domestic gas supplies used for thermal power generation, increasing Ghana’s dependence on imported fuels and exposing the economy to exchange rate volatility and global energy price shocks.
The Africa Sustainable Energy Centre (ASEC) has separately cautioned that Ghana remains particularly exposed because of its heavy reliance on imported refined petroleum products.
“Energy security is about supply, affordability and resilience and right now, all three are under threat,” an ASEC statement warned.
Ghana already imports over 98 percent of its fuel due to non-functional domestic refineries, according to IES Executive Director Nana Amoasi VIII. The declining domestic gas supply will only deepen this import dependency, with profound consequences for the country’s balance of payments and the cedi’s exchange rate.
The energy security threat is compounded by financial distress across the state-owned energy sector. IES reported that revenues to the Ghana National Petroleum Corporation (GNPC) declined by more than 61 percent, compounded by a policy decision that reduced GNPC’s share of petroleum revenues from 30 percent to 15 percent. Meanwhile, the Public Interest and Accountability Committee (PIAC) has highlighted rising cash-call obligations on the TEN field.
PIAC’s 2025 Annual Report also revealed that the Ghana National Gas Company Limited (GNGLC) carries a debt burden exceeding US$620 million, with PIAC cautioning that the high debt exposure, coupled with persistent inefficiencies in pricing and revenue collection, poses a systemic risk to the entire energy value chain.
The implications for ordinary Ghanaians are severe. Reduced domestic gas supply means thermal power plants may increasingly rely on expensive crude oil and imported natural gas, driving up the cost of electricity generation. These costs are inevitably passed on to consumers through higher tariffs, while the risk of load-shedding—the dreaded “dumsor”—looms if fuel supplies become critically low.
IES previously warned that Ghana was on the brink of a power crisis, urging the government to take immediate action to secure fuel supplies and stabilize the power sector. The situation has not improved, with the prolonged oil production decline adding to existing pressures.
The Energy Minister has acknowledged the severity of the challenge, revealing in November 2025 that Ghana’s oil sector had witnessed a sharp decline. However, critics argue that the government’s response has been insufficient given the scale of the threat.
IES is now urging the government to accelerate implementation of the planned drilling programme and resume the negotiation and signing of new petroleum agreements through transparent and competitive licensing rounds.
Without these interventions, the energy security threat will only intensify, with potentially devastating consequences for Ghana’s industrial base and household welfare
Ghana News
Ghana Positions Accra as West Africa’s Premier Aviation Hub with New Airport Hotels Complex
President John Dramani Mahama has cut the sod for a massive seven-storey multi-tiered car park and airport hotels complex at the Accra International Airport, marking a major strategic investment to consolidate Ghana’s position as the leading aviation hub in West Africa.
The ambitious project, being undertaken by the Ghana Airports Company Limited (GACL), will provide approximately 2,030 covered parking bays alongside two new hotels—a 120-room five-star facility and a 250-room three-star facility. The complex will also feature a vibrant mix of retail and dining outlets, office spaces, a food court, a pedestrian sky bridge, a sky lounge, and an aircraft-viewing observatory.
Speaking at the sod-cutting ceremony on Thursday, August 28, 2026, President Mahama stated that the development is not merely a construction initiative, but a necessary response to the rapidly increasing demands on Ghana’s principal international gateway.
“This is about preparing Ghana’s principal international gateway for the demands of the future, improving the experience of passengers and visitors, and ensuring that our airport infrastructure keeps pace with Ghana’s economic and development ambitions,” President Mahama stated.
The President highlighted the urgent need for the project by pointing to the significant surge in passenger traffic, which has grown from 1.8 million in 2022 to 2.5 million in 2025. This influx has placed considerable pressure on existing parking facilities, airport roads, and passenger pick-up and drop-off areas.
Designed to optimize the limited land within the airport enclave through vertical development, the new complex will improve traffic circulation and reduce congestion. President Mahama noted that the development would cater to travelers across different income levels, transforming the airport enclave into a vibrant, 24-hour commercial and hospitality hub.
Reaffirming the government’s commitment to strengthening connectivity, the President urged contractors and consultants involved in the project to ensure impeccable quality, value for money, and timely completion.
“The project must be completed and commissioned for the benefit of the Ghanaian people,” Mahama stressed, as the government looks to solidify Accra’s status as a leading aviation hub in the sub-region.
Here are the top headline stories from the Ghanaian newspapers published on Friday, August 28, 2026.
💰 The GoldBod Saga & Financial Losses
- The Inquisitor, The Ghanaian Publisher, New Weekend Crusading Guide, Daily Gist, & Metro Lens: “It’s Accounting, Not GoldBod Loss” / “$1.7bn ‘Loss’ Is Not All Real Money Lost” / “GH¢1.7BN GOLDBOD LOSS CLAIM DOESN’T ADD UP – IEA”. The IEA disputes the loss figure, stating it represents revenue and foreign-exchange valuation differences, not actual financial loss.
- The Source & The Daily Searchlight: “AFAG Demands Forensic Audit Of GoldBod’s ‘Fiscal Recklessness'” / “PROBE GOLDBOD OVER ALLEGED GH¢78.6M EXPENDITURE! …AFAG Demands”. (The Alliance for Accountable Governance has called for a forensic audit into the Board’s spending).
- The Informer: “We Warned BoG About GoldBod Losses IMF Reveals; But Central Bank Succumbed To Pressure Of Higher Authority – IMF Reveals…” (Claims the IMF warned the Bank of Ghana about GoldBod losses before they occurred).
- B&FT: “Raise large miners’ mandatory gold sales for GoldBod to 50% — IEA”. (The IEA is proposing a change to the gold purchasing framework).
🗳️ NPP Politics & Internal Elections
- Supreme, The Meridian, & New Weekend Crusading Guide: “Abanga Promises 4 Million Youth Votes for DMB in 2028 …Files For NPP Youth Organiser, Unveils 70 Seats Plan”.
- Supreme, The Meridian, & The Ghanaian Publisher: “Nana B Files Nomination to Contest 1st Vice Chairman of NPP …Declares ‘I Am the Right Man at the Right Time'”.
- Daily Guide & The Ghanaian Publisher: “John Boadu Files NPP National Chairman Nomination” / “‘I’ll Rebuild NPP And Mobilise For Bawumia'”.
⚖️ Justice, Parliament & Vetting Processes
- The Daily Searchlight, Republic Press, & Daily Gist: “Minority Walks Out/Boycotts Over ‘Rushed’ Vetting Of Supreme Court Nominees”.
- Daily Guide: “Appointments Committee Okays 3 SC Nominees As Minority Boycotts Vetting”.
- The Chronicle, The Meridian, The Ghanaian Publisher, Metro Lens, Supreme, The Source, & Daily Gist: “Ayariga Praises Afenyo-Markin …He is a Paragon of Honesty, Fortitude and Integrity” (Outgoing Majority Leader Mahama Ayariga’s parting verdict on Minority Leader Alexander Afenyo-Markin).
- Daily Gist: “Martin Amidu Takes On Mahama Over Agalga’s Appointment As Majority Leader”.
- Republic Press: “OSP, A-G On Collision Course! … Over AKSA Probe”.
- Daily Guide: “SML/GRA Scandal: OSP Gets More Time To Serve Ofori-Atta” and “Exim Bank ‘Fraud’: Wontumi Plea Deal Fails, Trial To Proceed”.
- The Informer: “The OSP Is Back! – Kissi Agyebeng Declares Rebirth, Fires Warning @ Critics As He Names 5 Persons of Interest in Berko Probe”.
- Daily Graphic: “Property rate can yield GH¢20bn yearly – Local Government Minister designate (Mahama Ayariga) says at vetting”.
- Metro Lens: “Parliament Approves Mahama Ayariga, Zanetor as Ministers” (Zanetor to resign as 2nd Veep for Pan-African Parliament).
🛡️ Security & Vigilantism
- The Inquisitor: “Julius Debrah Wants Tougher Action Against Vigilantism”.
- The Informer: “Vigilantism Back In Disguise – Nat’l Security Boss Sounds Alarm”.
- Republic Press: “Ayitey Powers In Trouble …Remanded Over Death Threats Against NSA Boss”.
🏫 Education & Public Services
- The Archives: “RECRUITMENT SCANDAL HITS GES …Successful Applicants Asked To Pay GH¢18,000 For Appointment Letters; Two Arrested”.
- The Daily Searchlight: “Labour Dispute Looms as Teacher Unions Warn GES Over August 31st Deadline for Promotion Placements”.
🏗️ Economy, Infrastructure & Industry
- B&FT: “OSP pushes lifestyle audits and unexplained wealth laws”, “BoG targets faster policy response with AI-powered inflation and growth forecasts”, and “Plant, materials push building cost inflation to 4%”.
- Daily Graphic: “President Mahama cuts sod for multiple airport projects”.
- The Archives: “DVLA Cuts Sod For Number Plate Manufacturing Centre Today”.
- Daily Guide: “New Excise Law Threatens 80,000 Farmers, 5,000 Jobs – Analysts Warn”.
- The Informer: “Ghana’s Growth Faces Fresh Threat …As World Bank Flags High Cost Of Doing Business”.
🌍 Environment, Social & Galamsey
- The NewsCentA: “Galamsey Has Been Normalised – Presby Moderator, Catholic Bishops’ President express outrage”.
- The Informer: “‘Galamsey Now Youth Employment’ – Catholic Bishops”.
- New Weekend Crusading Guide: “Armed Soldiers Attack Mining Site With ‘Orders From Above’ …Kill One, Take Over Narawa Mine Concession In Heman”.
- Daily Graphic: “I’ll fight galamsey, environmental crimes – Dr Agyeman-Rawlings”.
- Supreme Newspaper: “Zoomlion Launches Disinfection, Disinfestation Exercise Across Upper East Region”.
- B&FT: “Tourism Authority partners Africa’s Brain Bank for Medical City groundbreaking”.
- The Daily Searchlight: “Stay & Build Ghana’s Economy! …Kwame Pianim Urges Ghanaian Youth”.
The Israeli Ambassador to Ghana has publicly rejected President John Dramani Mahama’s characterization of the war in Gaza as genocide.
Ambassador Roey Gilad has described Mahama’s assessment of the situation in Gaza as “wrong” and pointed out that Israel’s military campaign is a defensive operation with no intent to annihilate the Palestinian people.
The remarks, delivered at a press briefing in Accra, sharpen the diplomatic disagreement between the two nations over the legal and moral interpretation of the conflict.
The Clash Over “Intent”
Ambassador Roey Gilad acknowledged the significant number of casualties but argued that the legal definition of genocide rests on specific intent, not the scale of civilian deaths. He stated that Israel’s operations were a defensive response to the Hamas-led attacks of October 7, 2023, and that civilian casualties were “collateral damage” rather than an objective of the campaign.
“What defines genocide is the intention of one side to annihilate, to destroy completely the other side… There was no intention whatsoever to destroy, to annihilate the Palestinian people and in that sense I think the President is wrong,” Ambassador Gilad said.
He further emphasized that Israel is fighting terrorist organizations, not the Palestinian people, highlighting the challenge posed by Hamas operating within civilian areas in Gaza.
The President’s Position
President Mahama has consistently used the term “genocide” in international forums. He first applied the label during his address to the 80th United Nations General Assembly in September 2025. He reaffirmed this stance in an interview with TRT World’s Bigger Than Five program aired on August 21, 2026, where he argued that the international community had avoided direct language about the crisis.
He tied the situation in Gaza to what he describes as double standards in international justice, saying, “As long as we continue to distort justice, depending on who it is, we’ll continue to live a lie.”
A Relationship of Disagreement and Partnership
Despite the verbal conflict, the Ambassador was keen to downplay the notion of a strained relationship, stressing that disagreements do not equate to bad relations. He noted that Ghana remains an “extremely important partner” for Israel and highlighted the reopening of Ghana’s embassy in Tel Aviv in late August as a sign of strengthening ties.
Ghana and Israel have maintained diplomatic relations since 1957. The two nations have continued to cooperate on development issues, with recent bilateral consultations in Jerusalem covering cybersecurity, fintech, and defense.
Continued Scrutiny and Casualties
The public disagreement occurs against the backdrop of ongoing international scrutiny over the humanitarian situation in Gaza. As of August 25, 2026, Gaza’s health ministry reported 73,431 Palestinians killed and 174,437 injured since October 7, 2023. The United Nations attributes these figures to the Gaza Ministry of Health while noting they have not all been independently verified.
The debate mirrors wider legal arguments regarding the situation, centered on the interpretation of the 1948 Genocide Convention and whether Israel’s actions demonstrate the specific intent required for a legal finding of genocide.
The Ambassador also called on Ghana to join international efforts to pressure Iran, which he claims is destabilizing the region and impacting global trade routes, including fuel imports crucial for Ghana’s economy.
A Borderless Insurgency, a Divided Response: The ECOWAS–AES Security Dilemma
Ghana Positions Accra as West Africa’s Premier Aviation Hub with New Airport Hotels Complex
