BTA2023 Ghana is taking bold steps to position itself as West Africa’s premier energy hub, attracting new investments across its oil, gas, and renewable energy sectors. A recent meeting in London between Ghana’s Ministry of Energy and Green Transition and the African Energy Chamber (AEC) highlighted the country’s commitment to creating a favorable business environment for foreign and regional investors.
Ghana’s Commitment to Energy Investment
On the sidelines of International Energy Week in London, Minister of Energy and Green Transition, John Abdulai Jinapor, reaffirmed Ghana’s readiness to welcome major players in the energy industry. The African Energy Chamber (AEC), which represents Africa’s energy sector, also pledged to conduct a working visit to Ghana to identify investment and collaboration opportunities.
Together, the AEC and the Ministry of Energy and Green Transition aim to promote fiscal frameworks that make Ghana an attractive destination for oil, gas, and renewable energy investments.
“Invest in Ghana” Forum at African Energy Week 2025
As part of these efforts, Ghana will host a dedicated “Invest in Ghana” Forum at African Energy Week: Invest in African Energies 2025 in Cape Town. This event will bring together:
- The Ministry of Energy and Green Transition
- The Ghana National Petroleum Corporation (GNPC)
- The National Petroleum Authority
- The Petroleum Commission
- Private sector players
The goal is to showcase Ghana’s investment potential to G20 and non-G20 investors, further reinforcing its position as a top destination for energy investments.
Expanding Oil & Gas Development
With 1.1 billion barrels of oil reserves and 2.1 trillion cubic feet of gas reserves (World Bank), Ghana is committed to increasing production through enhanced investment in exploration and field development. The country has more than 17 oil and gas projects scheduled for development by 2027, with ongoing regulatory reforms expected to boost investment and foreign participation.
The Gas Master Plan (2024-2040) aims to stimulate capital and technology deployment across the gas value chain, while upcoming fiscal reforms will make Ghana’s oil and gas market more competitive. These include:
- Planned amendments requiring companies to allocate at least 15% of each project to the state as free and carried interest
- Flexible oil royalty regimes to attract investors
Key Players in Ghana’s Energy Sector
Several major energy companies are already actively investing in Ghana:
- Eni – Operates in exploration, refining, and chemicals, with projects like the Offshore Cape Three Points (OCTP) and CTP 4 block, featuring the Agyekum Kufuor FPSO.
- Tullow Oil – A key player in Ghana’s Jubilee and TEN fields, with production at 100,000 bpd and 10,100 bpd, respectively. In partnership with Kosmos Energy, Tullow began production at the Jubilee South East project in 2023, bringing three new wells onstream in Q1 2024.
Shaping the Future of Ghana’s Energy Market
With strong government backing, key regulatory reforms, and strategic partnerships, Ghana is on track to become a leading energy investment hub in Africa. By attracting top industry players and fostering a business-friendly environment, the country is set to unlock its full potential in oil, gas, and renewable energy development.
Stay tuned for updates on Ghana’s energy investment initiatives as the country takes bold steps toward a sustainable and prosperous energy future.
