Energy Minister, John Jinapor has said that the petroleum sector is expected to rise
again in 2026 after five straight years of falling output, driven by new agreements
signed with international oil partners.
Energy Minister John Jinapor says Ghana’s petroleum production is expected to rebound after five years of decline, following new investment agreements with Eni and Jubilee Partners aimed at boosting output and strengthening the oil and gas sector.
The Minister for Energy and Green Transition, John Abdulai Jinapor, has revealed that he convened a strategic meeting with key stakeholders in Ghana’s upstream petroleum sector to align priorities and refine plans for the period ahead.
Mr Jinapor explained that the investment plan was anchored in the National Energy Transition Framework and the Renewable Energy Master Plan, which implemented impactful initiatives like the smart solar street lighting, installation of electric vehicle superchargers along major highways and an increase in renewable energy capacity to at least 1,400 megawatts.
Incorporated in 1993, the Bulk Oil Storage and Transportation Company Limited (BOST) serves as Ghana’s primary institution for oil storage and distribution. As a key pillar in the nation’s energy security and regional fuel logistics, BOST’s performance remains vital to the country’s energy sector development.
Addressing the staff, the Minister encouraged continued professionalism and dedication, revealing that plans are in motion for the establishment of a new gas processing plant – a move he described as key to securing a sustainable and prosperous energy future for Ghana.
In a bid to revitalise Ghana’s declining oil and gas sector, Energy Minister John Jinapor has met with members of the Ghana Upstream Petroleum Chamber to discuss key challenges and potential solutions.
The Minister for Energy and Green Transition, John Jinapor, has held a meeting with members of the Ghana Upstream Petroleum Chamber to discuss issues affecting the oil and gas sector and how both parties might collaborate to reinvigorate it.
He highlighted the financial challenges during his vetting by Parliament’s Appointments Committee on Monday, January 13, 2025.
The President noted that Mr. Krapa, who has served as Minister of State at the Ministry of Energy since July 15, 2024, is credited with demonstrating exceptional diligence, professionalism, and a steadfast commitment to his responsibilities.