Political instability remains a major challenge for foreign energy and mining companies operating in Africa. The oil and gas multinational divestment from the Niger Delta that kicked off over a decade has now hit fever pitch, with hordes of oil and gas majors exiting the Nigerian market.
The National Petroleum Authority (NPA) has signed an agreement with Senegal and The Gambia for the importation of petroleum products from Ghana.
Since 2020, there have been military coups in Burkina Faso, Mali, and Niger.
Potential spillover of conflicts to the coastal West African countries could endanger some oil projects and deter foreign investment.
The EU and US have promised support to Western African governments to counter the spillover of insecurity from the Sahel.
The National Petroleum Authority (NPA) has initiated moves to promote fuel trade and investment between Ghana and Mali.