Ghana courts Canadian investors as PC touts oil and gas opportunities

The Petroleum Commission (PC) has intensified efforts to attract Canadian investors into Ghana's upstream petroleum sector, positioning the country as a preferred destination for energy investments amid growing concerns over global energy security and supply disruptions.

Speaking at the 2026 Global Energy Show in Canada on Saturday, June 13, 2026, the Chief Executive Officer of the Petroleum Commission, Emefa Hardcastle, highlighted Ghana's vast oil and gas potential and ongoing reforms aimed at creating a more attractive investment environment.

According to her, changing dynamics in the global energy market are prompting investors to explore opportunities beyond traditional oil-producing destinations, creating an opening for countries such as Ghana.

“Ghana offers significant hydrocarbon potential across mature, frontier, onshore and offshore basins,” Ms Hardcastle stated.

She added that authorities are implementing measures to improve the country's competitiveness and boost investor confidence.

“We are taking practical steps to improve competitiveness and create an enabling environment for responsible investment,” she said.



Hardcastle also noted that Ghana's longstanding relationship with Canada provides an added advantage for investors, citing similarities in legal systems and previous collaborations that have benefited both countries.

She pointed to programmes that enabled Ghanaian welders to receive specialised training and certification through the Northern Alberta Institute of Technology (NAIT), describing it as evidence of the strong partnership between the two nations.

She further disclosed that Ghana is seeking Canadian expertise in advanced oilfield technologies, gas development and infrastructure expansion to support the growth of the country's energy sector.



She explained that increasing electricity demand and industrialisation are creating investment opportunities in gas processing facilities, pipelines and related infrastructure.

The Commission also highlighted opportunities for exploration and production companies through farm-in arrangements, appraisal programmes and open acreage in the Tano Basin and Accra-Keta Basin.

She noted the Voltaian Basin, which covers about 40% of Ghana's landmass and has attracted growing interest following recent seismic and geological studies.



According to her, preliminary assessments have shown encouraging signs of petroleum potential within the basin and assure that plans are currently underway to drill the first exploration well in the Voltaian Basin between the fourth quarter of 2026 and the first quarter of 2027.

“We warmly invite you to come on board and choose Ghana as your preferred destination for environmentally sustainable hydrocarbon investment,” she added.

ANAS/EB

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