Ghana has secured more than US$3.5 billion in upstream oil and gas investment commitments, signalling renewed investor confidence in the country’s energy sector and paving the way for increased crude oil production.
Speaking at the Ghana UK Investment Summit 2026, the Minister of Energy and Green Transition, Dr John Abdulai Jinapor, disclosed that major drilling activities have resumed, with Ghana expected to record an increase in crude oil production for the first time in nearly six years.
According to the Minister, the investment commitments are the result of policy reforms and sustained engagement with industry stakeholders aimed at restoring confidence in the sector.
“Through decisive reforms and sustained investor engagement, we have restored confidence and revitalised Ghana’s energy sector,” Dr Jinapor stated.
He reaffirmed government’s commitment to implementing the National Energy Policy and the Energy Transition Framework to build a secure, affordable, reliable and sustainable energy system.
Dr Jinapor explained that government is pursuing a balanced energy strategy that seeks to maximise the value of Ghana’s domestic oil and gas resources while accelerating investments in renewable energy and advancing plans for nuclear power development.
The Minister also highlighted several investment opportunities within the sector, including gas infrastructure development, gas-to-power projects, renewable energy generation, power sector modernisation, and upstream petroleum exploration and production.
According to him, these initiatives form part of a broader vision to position Ghana as a leading regional energy hub capable of driving industrialisation, economic growth and job creation.