Ghana secures over $3.5 billion in energy investments

The Minister of Energy and Green Transition, Dr John Abdulai Jinapor, has announced that Ghana has secured more than US$3.5 billion in upstream oil and gas investment commitments, signalling renewed investor confidence in the country’s energy sector.

Speaking at the Ghana–UK Investment Summit 2026, Dr Jinapor said government’s Reset Agenda has played a key role in stabilising the sector and restoring confidence among local and international investors.

According to the Minister, the government inherited significant challenges in 2025, including a power deficit, declining crude oil production, and weakened investor confidence.

However, he noted that a combination of policy reforms and sustained engagement with industry stakeholders has helped reverse the trend.

“Through decisive reforms and sustained investor engagement, we have restored confidence and revitalised Ghana’s energy sector,” he stated.

Dr Jinapor revealed that major drilling activities have resumed and that Ghana is expected to record an increase in crude oil production for the first time in nearly six years.

He reiterated government’s commitment to building a secure, affordable, reliable, and sustainable energy system through the implementation of the National Energy Policy and the Energy Transition Framework.

The Minister explained that government is pursuing a balanced strategy that seeks to maximise the value of Ghana’s domestic oil and gas resources while simultaneously accelerating investments in renewable energy and advancing plans for nuclear power development.

He also outlined several investment opportunities available within the sector, including gas infrastructure development, gas-to-power projects, renewable energy generation, power sector modernisation, and upstream petroleum exploration and production.

According to him, these initiatives form part of a broader vision to position Ghana as a leading regional energy hub capable of driving industrialisation, economic growth, and job creation.