Ghana has secured over US$3.5 billion in upstream oil and gas investment commitments, a development government says reflects renewed confidence in the country’s energy sector.
The Minister for Energy and Green Transition, John Abdulai Jinapor, disclosed this at the Ghana–UK Investment Summit 2026, noting that recent reforms under the government’s “Reset Agenda” have helped stabilise the industry and restore investor confidence.
He said the sector faced major difficulties in 2025, including power supply deficits, declining crude oil output, and reduced investor participation. However, targeted policy reforms and sustained engagement with industry players have begun to reverse those setbacks.
According to him, the renewed investments signal a return of major upstream activities, with drilling operations resuming and crude oil production expected to rise for the first time in nearly six years.
Dr. Jinapor said government is pursuing a dual strategy that balances the development of oil and gas resources with accelerated investment in renewable energy and long-term nuclear power plans.
He outlined key opportunities in gas infrastructure, gas-to-power projects, renewable energy expansion, power sector reforms, and upstream exploration activities, describing them as central to Ghana’s energy transformation agenda.
The Minister added that these initiatives are designed to position Ghana as a regional energy hub that can drive industrial growth, job creation, and economic expansion.
He invited international investors and development partners to take advantage of the improving investment climate, stressing that ongoing reforms and a stable policy environment make Ghana an attractive destination for long-term energy investments.
The summit brought together government officials, investors, and development partners from Ghana and the United Kingdom to explore new areas of economic cooperation and investment.
