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Radiant Media proposes 60-day national petroleum reserve to cushion Ghanaians against oil shocks

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Emmanuel Duah, Executive Director of Radiant Media and Intelligence Hub, has proposed the establishment of a National Petroleum Reserve Buffer (NPRB) to protect Ghanaian consumers from sharp increases in fuel prices triggered by global crude oil price shocks and supply disruptions.

According to Emmanuel Duah, the proposed reserve would provide Ghana with a dedicated and auditable stock of refined petroleum products that could be released into the domestic market when international crude prices surge or major external disruptions threaten fuel supply.

In an energy security proposal, Mr Duah said Ghana may not be able to control international developments such as conflicts, attacks on oil infrastructure or disruptions along major shipping routes, but the country can strengthen its ability to absorb the resulting economic shock.

He described the situation as one where “the crisis is external, but the pain is local.”

Emmanuel Duah’s proposal comes against the backdrop of significant volatility on the international crude oil market.

The proposal notes that Brent crude had risen to $108.77 per barrel, a four-month high, with physical crude cargoes in Europe trading above $130 per barrel.

It cited North Sea Forties crude trading at about $136.75 per barrel, approaching the previous high of $147.37.

Mr Duah attributed the international price pressure to external developments, including the escalating US-Iran conflict, attacks affecting oil infrastructure, disruptions to oil production in Libya and threats to shipping through the Red Sea.

According to Emmanuel Duah, sustained increases in global crude prices could quickly translate into higher petroleum prices in Ghana.

He warned that the resulting pressure could affect pump prices, the Ghanaian cedi, transport fares and inflation.

“Ghana cannot control the Strait of Hormuz, but Ghana can control its buffer,” Mr Duah stated in the proposal.

He therefore wants Ghana to establish a strategic stock that can be deployed during periods of extreme international price volatility.

Under the proposal, the National Petroleum Reserve Buffer would be a sovereign strategic stock held strictly for national energy security and consumer protection.

Mr Duah stressed that the reserve should not be treated as additional stock for BOST’s normal commercial trading operations.

Instead, the petroleum products would be held specifically for emergency market intervention.

The proposal recommends maintaining:

  • 45 days of petrol consumption
  • 45 days of diesel consumption
  • 30 days of LPG consumption

The stocks would be distributed across BOST’s six depots at Accra Plains, Kumasi, Buipe, Bolgatanga, Maame Water and Takoradi.

The proposal puts the combined storage capacity of the facilities at 760,000 cubic metres or more.

BOST would remain responsible for custody, storage and maintenance of the strategic stock but would not be allowed to trade the reserve commercially.

Emmanuel Duah is proposing the creation of a National Petroleum Reserve Committee (NPRC) under the proposed Modern NPA Act, 2026.

The committee would be chaired by the Minister for Energy and Green Transition, while the Chief Executive of BOST Energies would serve as Vice-Chair.

Other proposed members include representatives from:

  • National Petroleum Authority
  • Bank of Ghana
  • National Security
  • Ministry of Finance
  • Energy Commission
  • Chamber of Oil Marketing Companies
  • Consumer Protection Agency

The NPA Chief Executive would serve as secretary and regulator, while BOST would act as the technical operator and custodian.

Mr Duah describes the proposed arrangement as “minister-led but not minister-controlled.”

To prevent political abuse or unilateral decisions, Emmanuel Duah proposes that any decision to release reserve stocks should require a two-thirds majority of the National Petroleum Reserve Committee.

He also proposes that every release decision be published in the Ghana Gazette within 24 hours, including the volume released and the anticipated price impact.

According to Mr Duah, the arrangement would provide greater transparency and accountability while limiting the possibility of arbitrary interventions.

Emmanuel Duah’s proposal calls for a financing structure that would not impose a new tax or levy on consumers.

The proposed funding model is:

  • 30% from a ring-fenced portion of BOST’s existing margin
  • 40% from a windfall mechanism
  • 20% from the ESLA Stabilisation portion
  • 10% from private-sector participation by members of the Chamber of Bulk Oil Distributors

Under the proposed windfall mechanism, when BOST’s annual trading profit exceeds GH¢500 million, 10% of the amount would be directed towards acquiring strategic petroleum stocks.

Mr Duah cited BOST’s reported GH¢683.96 million profit in 2025 as an indication of the potential financing base.

The proposal also calls for clearly defined conditions for releasing petroleum products from the reserve.

The first proposed trigger would be activated when the 30-day average Brent crude price exceeds $100 per barrel.

The second would apply when Ghana’s ex-pump petrol price crosses GH¢15.50 per litre.

The third would be triggered when the NPA declares a supply disruption resulting from an external shock, such as a major interruption in supplies or a disruption along a key international shipping route.

When the triggers are met, BOST would release the buffer stock at a subsidised ex-depot price.

The difference between the market price and the subsidised price would be absorbed by the proposed Buffer Fund, rather than by oil marketing companies.

Mr Duah argues that this structure would allow the price relief to reach consumers directly.

Emmanuel Duah also proposes that Ghana should restock the reserve once international crude prices ease.

Under his proposal, when Brent crude remains below $85 per barrel for 30 consecutive days, the reserve would begin to be replenished.

The mechanism is intended to allow Ghana to build up stocks during relatively favourable market conditions and deploy them during periods of severe price pressure.

A major element of Mr Duah’s proposal is the need to maintain BOST’s financial strength and commercial independence.

He argues that BOST’s commercial operations should remain separate from the strategic reserve so that the company can continue generating profits that could contribute to national energy security.

He cited BOST’s reported GH¢683.96 million profit in 2025 and GH¢34.2 million dividend payment to the government as evidence of the company’s ability to generate revenue.

Under the proposed framework, BOST would be the custodian and technical operator, NPA would regulate the reserve, the Energy Minister-led committee would make strategic release decisions, and Parliament would provide oversight.

Emmanuel Duah’s proposal also points to strategic petroleum reserves maintained or planned by other countries.

It cites the United States Strategic Petroleum Reserve, India’s Indian Strategic Petroleum Reserves Limited (ISPRL) and Kenya’s plans for a strategic reserve.

Mr Duah believes Ghana could establish itself as a regional leader in energy security by maintaining a 60-day petroleum buffer.

According to the proposal, a strategic reserve could help reduce the immediate impact of major increases in international crude prices.

Mr Duah estimates that if crude prices rise from approximately $80 to $130 per barrel, a reserve release could potentially reduce the increase in Ghanaian pump prices by between GH¢2 and GH¢3 per litre for 45 to 60 days.

He argues that such intervention could help cushion consumers, transport operators and businesses while limiting the impact of fuel-price increases on the cost of transporting food and other goods.

The proposal also suggests that the reserve could help prevent panic buying and shortages during major supply disruptions.

Mr Duah further argues that reducing the immediate transmission of global oil-price shocks into the domestic economy could give the Bank of Ghana additional room to manage pressure on the cedi.

Emmanuel Duah is therefore calling for the proposed Modern NPA Act, 2026 to provide a legal framework for establishing the National Petroleum Reserve Buffer.

Under his proposed arrangement, the Energy Minister-led committee would make strategic decisions, BOST would operate and safeguard the reserve, NPA would regulate it, and Parliament would provide oversight.

Mr Duah says the system would give Ghana a structured mechanism for responding to international oil-price shocks rather than allowing every external increase to be transmitted immediately to local consumers.

His proposal is based on the view that while Ghana cannot control international conflicts or disruptions to major oil supply routes, it can strengthen its domestic capacity to absorb their economic effects.

As Mr Duah puts it: “Ghana cannot stop missiles in Hormuz, but Ghana can stop the full missile hitting the Ghanaian consumer.”

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GTA Regional Directors Raise Concerns Over CEO Maame Efua Houadjeto’s Leadership

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Fourteen Regional Directors of the Ghana Tourism Authority (GTA) have raised concerns about the leadership approach of the Authority’s Chief Executive Officer, Maame Efua Houadjeto, during a meeting with the Board of Directors to address what they describe as persistent organisational challenges.

The meeting, held on Monday, October 12, 2026, at 3:00 p.m., was convened to discuss issues the Regional Directors say have remained unresolved since July 2026.

According to the Directors, the engagement was not intended to serve as an arbitration process but rather to obtain responses to questions and concerns they had previously raised.

During the meeting, the Directors expressed their displeasure with the CEO’s leadership approach, highlighting concerns about stakeholder engagement, regional coordination and other issues they believe are affecting the effective operation of the Authority.

They indicated that the concerns extend beyond individual disagreements and touch on broader institutional matters that require attention to ensure the smooth functioning of the GTA.

The Directors maintained that their position was motivated by the need to safeguard the integrity of the institution and restore effective operations across its regional structures.

They also called on the Board of Directors to facilitate a formal response from the Office of the CEO to the issues raised, stressing the need for the concerns to be addressed through the appropriate institutional channels.

The engagement provided an opportunity for the Regional Directors to formally communicate their grievances to the Board and seek its intervention in resolving the outstanding matters.

The meeting ended with a call for further intervention by the Board of Directors to ensure that the issues raised receive the necessary attention and responses.

It remains unclear what specific questions have been pending since July, what responses the Regional Directors expect from the CEO, or what steps the Board intends to take following the meeting.

The outcome of any subsequent engagement between the Board, the CEO and the Regional Directors is expected to be important in determining how the concerns will be addressed and how coordination within the Authority will be strengthened.

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Gamal Gorkeh Nkrumah, Son of Ghana’s First President, Dies in Cairo

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Gamal Gorkeh Nkrumah, son of Ghana’s founding President, Osagyefo Dr Kwame Nkrumah, has died in Cairo, Egypt, following a prolonged illness.

The Nkrumah family announced his death in a statement posted on the Facebook page of Samia Nkrumah, daughter of Ghana’s first president.

According to the statement, Gamal passed away peacefully in Cairo, where he had been receiving care at a rehabilitation centre after suffering a stroke.

The family described him as a beloved son, respected journalist, writer and intellectual who dedicated much of his life to examining the political, social and cultural developments shaping Africa and the wider world.

It said Gamal remained deeply committed to the ideals of justice, human dignity, African unity and international solidarity throughout his life.

As a journalist and commentator, he used his voice and intellect to analyse issues affecting Africa and the international community, earning recognition among friends, colleagues and readers who valued his insights and perspectives.

The family further described him as a man of profound intellectual curiosity, independent thought and quiet conviction, noting that he carried forward his father’s legacy in his own distinctive way while building a reputation based on his personal principles and achievements.

His death, the family said, represents a significant loss not only to his relatives and loved ones but also to the wider community of people who appreciated his work, humanity and engagement with important issues of his time.

The statement added that the family remembers Gamal with immense love, gratitude and pride, describing his wisdom, kindness and commitment to his values as an enduring source of inspiration.

The Nkrumah family also expressed appreciation to those who supported Gamal throughout his illness, particularly the medical professionals and caregivers in Cairo who provided him with treatment and care.

It extended its gratitude to the governments and people of both Egypt and Ghana for their support during the difficult period.

The family has appealed to the public to respect its privacy as it mourns the loss.

Details of memorial arrangements and opportunities for the public to pay tribute to Gamal Gorkeh Nkrumah’s life and legacy, according to the statement, will be communicated in due course.

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FOUR PROFESSORS SUE TO HALT GIMPA RECTOR SEARCH PROCESS AMID CONTROVERSY

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Four professors at the Ghana Institute of Management and Public Administration (GIMPA) have filed a lawsuit seeking to halt aspects of the process to select a search committee for the appointment of a new Rector, escalating tensions over the institution’s leadership transition.

The plaintiffs are Professors Lord Mawuko Yevugah, Wisdom Akpalu, Kwami Adanu and Patrick Tandoh-Offin. They filed the action on October 5, 2026, challenging aspects of the process involving the Chairman of GIMPA’s Governing Council, the Institute’s Secretary and the Rector.

At the centre of the dispute is the Convocation register used to determine who could vote for representatives on the Rector Search Committee. The professors contend that about 30 newly appointed or promoted lecturers were included on the register despite questions over whether their appointments had received the necessary approval from the Governing Council.

They argue that allowing the lecturers to participate in the election could undermine the legitimacy of the process and have asked the court to ensure that the selection of the search committee complies with GIMPA’s 2020 Statutes. They also want the committee’s composition and the respective roles of the Governing Council and Convocation clarified.

GIMPA management, however, has indicated that a special ad hoc committee audited the Convocation register and confirmed that those listed had valid appointments, based on Human Resource Management records. Exceptions reportedly applied to staff on leave of absence or secondment.

The Convocation election proceeded on October 6. According to reports, Professor Patrick Tandoh-Offin contested to represent the professorial class but lost to Professor Emmanuel Gyamfi Numapau, who received 118 votes against Tandoh-Offin’s 35.

The legal challenge comes as GIMPA prepares for the end of Rector Professor Samuel Kwaku Bonsu’s tenure in August 2027. The Institute’s statutes require the search process to begin ahead of the incumbent’s departure.

The case raises questions about voting eligibility, institutional governance and the procedures for selecting the next Rector. The court’s determination could affect the process, although the available reports do not establish that an injunction has been granted or that the election

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EPA ORDERS IMMEDIATE HALT TO UNAPPROVED RECLAMATION WORKS NATIONWIDE — GOVERNMENT AGENCIES, CONTRACTORS ON NOTICE

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The Environmental Protection Authority (EPA) has ordered an immediate halt to all land reclamation, mine-site rehabilitation, dredging and water-body restoration activities being undertaken without the requisite environmental permits across Ghana.

In a public notice issued on Wednesday, October 14, 2026, the Authority warned that institutions, companies, contractors and individuals operating without its approval must cease work immediately and report to the nearest EPA regional office or its head office for regulatory assessment.

The directive applies to both public and private projects, including government-sponsored, privately funded and donor-supported initiatives. The EPA specifically mentioned the Ministry of Lands and Natural Resources, Forestry Commission, Ghana Gold Board (GoldBod), Minerals Commission and Mineral Development Fund among the institutions required to ensure compliance.

Under Regulation 40 of the Environmental Protection (Environmental Assessment) Regulations, 2025 (L.I. 2504), reclamation and restoration activities fall within Ghana’s environmental assessment and permitting framework.

The covered activities include rehabilitating abandoned mining sites, backfilling excavated areas, restoring degraded land, revegetation, dredging and desilting rivers, modifying river channels and restoring polluted water bodies, wetlands and aquatic ecosystems.

The Authority stressed that securing a contract, obtaining funding approval, holding a mining lease or receiving authorisation from another public institution does not replace an EPA Environmental Permit. Similarly, consent from traditional authorities, memoranda of understanding and participation in government programmes cannot substitute for the required approval.

Contracting institutions have also been directed to verify the environmental permit status of projects before allowing contractors to mobilise to their sites.

The EPA acknowledged the importance of restoring lands and water bodies damaged by illegal and irresponsible mining but cautioned that rehabilitation efforts must not create further environmental destruction by bypassing regulatory safeguards.

It warned that individuals and institutions that continue unapproved operations after the notice would face action in accordance with applicable Ghanaian laws.

The directive reinforces the Authority’s position that environmental restoration, regardless of its funding source or purpose, must comply with the country’s permitting requirements.

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North Korea and China Open Long-Delayed Bridge

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The opening of the long-awaited New Yalu River Bridge marks a significant step towards strengthening cross-border transport and trade between China and North Korea.

China and North Korea have officially opened a major bridge linking the two countries, ending a 12-year delay that kept the infrastructure project unused despite its completion in 2014.

The New Yalu River Bridge connects the Chinese border city of Dandong, in Liaoning province, with Sinuiju in North Korea. The four-lane crossing stretches approximately three kilometres across the Yalu River and is expected to improve the movement of goods between the neighbouring countries.

The project was originally intended to begin operating in 2014. However, the opening was postponed for years as infrastructure on the North Korean side, including connecting roads and customs facilities, remained incomplete. Analysts have also pointed to strained bilateral relations and disagreements surrounding economic cooperation as possible contributing factors.

Trade and economic implications

The new crossing is expected to ease pressure on the older China–North Korea Friendship Bridge, which has served as a major route for official trade between the two countries.

By providing additional road capacity, the new bridge could improve freight transportation, reduce congestion and support the movement of essential goods. Its strategic location is particularly important because China remains North Korea’s principal trading partner.

Nevertheless, the opening does not automatically guarantee a rapid increase in trade. International sanctions imposed in response to North Korea’s nuclear and weapons programmes continue to constrain economic activity, while the scale of future commercial traffic will depend on border arrangements and the two governments’ economic policies.

A signal of closer bilateral engagement

The bridge’s inauguration comes amid renewed diplomatic engagement between Beijing and Pyongyang. It also highlights China’s continued economic importance to North Korea as the latter seeks to maintain relationships with key regional partners.

For China, improved transport links could facilitate cross-border commerce and support economic activity in Dandong. For North Korea, the bridge offers additional capacity for importing goods and developing commercial infrastructure around Sinuiju.

However, the project’s long delay illustrates how political disagreements and economic considerations can obstruct infrastructure intended to improve regional connectivity.

What happens next?

Attention will now turn to how quickly the bridge becomes an established route for commercial traffic and whether the additional capacity translates into measurable growth in bilateral trade.

While the opening represents an important infrastructure milestone, its longer-term economic and diplomatic impact will depend on the willingness of both governments to sustain cooperation and the restrictions governing North Korea’s international trade.

The opening ends a lengthy wait for the two countries, but the bridge’s ultimate significance will be measured by the trade and cooperation it enables in the years ahead.

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