The government will take bold and forward-looking steps to ensure that Ghana’s petroleum wealth delivers greater value for its people, Finance Minister, Dr Cassiel Ato Forson, has said. To this end, he said an additional qualifying instrument for the investment of the petroleum resources of the Ghana Petroleum Funds (GPFs) would be introduced. The move, […]
Government has reaffirmed its determination to halt the country’s half-decade decline in oil production, announcing more than US$3.5billion in new investment commitments as the national oil company (NOC) prepares to begin offshore drilling in late 2026.
The Minister for Energy and Green Transition, John Abdulai Jinapor, has paid a working visit to the Ghana National Petroleum Corporation (GNPC) and its subsidiary, GNPC Explorco, as part of his ongoing tour of agencies under the Ministry.
The Minister for Finance, Dr Cassiel Ato Forson, has presented the 2026 Budget Statement and Economic Policy with a candid assessment of the nation’s petroleum sector, highlighting a significant slump in 2025 and outlining an ambitious reform to ensure oil wealth benefits domestic development
The country’s upstream oil and gas sector has received a major boost with some of the industry’s global big players expressing interest to invest.
The Ghanaian government has announced measures to halt declining crude oil production and restore investor confidence in the petroleum sector after output fell 32 percent between 2019 and 2024. Production dropped from 71.4 million barrels in 2019 to 48.2 million barrels in 2024, according to Public Interest and Accountability Committee (PIAC) reports. The decline has […]
Ghana’s Energy and Green Transition Minister, John Abdulai Jinapor, says government is taking decisive steps to reverse the sharp decline in oil production and restore investor confidence in the petroleum sector. Speaking at the 2025 Local Content Conference and Exhibition (LCCE) in Takoradi, the Minister announced a series of reforms aimed at “revitalising Ghana’s Petroleum […]
Ghana National Gas Company (Ghana Gas) has announced a series of strategic infrastructure projects aimed at strengthening the country’s gas evacuation and processing capacity, as part of efforts to sustain national energy security and drive industrial growth. In a speech read on her behalf at the 2025 Local Content Conference organized by the Petroleum Commission […]
The Acting Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Mr Kwame Ntow Amoah, has unveiled an ambitious vision to redefine local content as the cornerstone of Ghana’s energy independence and long-term operatorship. Speaking at the opening of the 2025 Local Content Conference and Exhibition in Takoradi, Mr Amoah called for a paradigm […]
Acting Chief Executive Officer of the Ghana National Petroleum Corporation, Kwame Ntow Amoah, has reaffirmed the Corporation’s leadership in revitalising Ghana’s upstream petroleum sector.