The Minister of Energy and Green Transition, Dr John Jinapor, has recalled that when the Mahama administration assumed office in 2025, they inherited a power deficit, declining oil production, and weakened investor confidence.
However, he said, through decisive reforms and sustained investor engagement, the government has reversed this trend.
Dr Jinapor said this at the Ghana-UK Investment Summit 2026, where he highlighted that the government’s Reset Agenda has restored investor confidence and revitalised Ghana’s energy sector.
He indicated that Ghana’s energy sector is now experiencing renewed growth and stability.
“We have secured over US$3.5 billion in upstream oil and gas investment commitments, resumed major drilling activities, and expect crude oil production to increase for the first time in almost six years,” he said.
He reaffirmed the government’s commitment to a secure, affordable, reliable, and sustainable energy system.
Through the National Energy Policy and Energy Transition Framework, he said the government is maximising domestic oil and gas resources while expanding renewable energy and advancing plans for nuclear power.
“I also highlighted investment opportunities in gas infrastructure, gas-to-power projects, renewable energy, power sector modernisation, and upstream petroleum — key pillars of our vision to position Ghana as a regional energy hub and drive industrial transformation.
“I concluded by inviting investors to partner with Ghana at this pivotal moment.
“With restored confidence, a stable policy environment, ongoing reforms, and a commitment to private-sector-led growth, Ghana is open for business and ready to deliver long-term value and shared prosperity,” he wrote on Facebook after the event.