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Ghana ramps up drive for energy capital

Ghana ramps up drive for energy capital

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Ghana ramps up drive for energy capital

by Editorial Staff
1 year ago
in Energy
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Keypoints:

  • Ghana hosts energy investment forum April 14
  • Major reforms attract global oil and gas players
  • Key infrastructure projects to launch in 2025

GHANA’S drive to position itself as a leading energy investment destination in West Africa will take centre stage on April 14, 2025, when Energy and Green Transition Minister John Abdulai Jinapor delivers a keynote speech at the Invest in African Energies: Accra Investor Briefing. The event aims to attract international investors by spotlighting Ghana’s regulatory reforms and ambitious infrastructure projects across the oil and gas value chain.

The forum is a strategic lead-up to the African Energy Week (AEW): Invest in African Energies conference, scheduled for September 2025. The Accra gathering is expected to facilitate critical dialogue between policymakers, energy operators, and financiers, strengthening Ghana’s standing as a regional energy powerhouse.

Reform-fuelled growth in oil and gas

Ghana’s energy landscape is undergoing a transformation led by reform. The government’s Gas Master Plan (GMP) offers a long-term roadmap to 2040, encouraging investment in infrastructure to unlock the country’s estimated 2.1 trillion cubic feet of natural gas reserves. Alongside this, updated oil regulations now require companies to allocate at least 15 percent of project equity to the state and offer more flexible royalty terms—making Ghana increasingly attractive to global firms.

These efforts are already paying off. In 2025, two major projects are scheduled to come online:

  • Pecan 1A Upstream Project, led by Aker Energy, Lukoil, and the Ghana National Petroleum Corporation (GNPC), will tap into 268 million barrels of oil.
  • Atuabo II Gas Processing Plant, backed by Ghana Gas and partners, will start with a capacity of 150 million standard cubic feet per day (mmscf/d), doubling in a later phase.

Additional activity includes a multi-year drilling campaign by Tullow Oil at the Jubilee and TEN fields, while GNPC is set to begin exploratory drilling in the Voltaian Basin—signalling new frontiers for oil and gas.

Integrated petroleum hub and infrastructure plans

Beyond upstream activities, Ghana is advancing its vision of becoming a logistics and refining centre. The country plans to build West Africa’s first integrated petroleum hub, complete with three refineries, five petrochemical plants, storage facilities, jetties, and a port. Phase one of the project is already backed by a financing agreement with the private sector consortium TCP-UIC, signed in 2024.

This ambitious infrastructure expansion is expected to unlock significant economic growth and job creation while solidifying Ghana’s role in the regional energy ecosystem.

Minister Jinapor and NJ Ayuk set to share strategic insights

Minister Jinapor will deliver a keynote at the Accra briefing, laying out Ghana’s energy roadmap and discussing the investment climate. He will also participate in a fireside chat with NJ Ayuk, Executive Chairman of the African Energy Chamber, offering further insights into how Ghana is shaping itself into an energy and investment hub for the continent.

‘Ghana is fast becoming one of the most dynamic oil and gas markets in West Africa,’ Ayuk noted. ‘Through bold reforms and strategic vision, the Ministry of Energy is creating a robust, investor-friendly environment that’s turning vision into value.’

The Accra Investor Briefing is set to attract a diverse audience of international stakeholders, eager to capitalise on Ghana’s energy transformation.

 

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Editorial Staff

Editorial Staff

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