We expect crude oil production to increase for the first time in almost six years – Energy Minister
The Minister of Energy and Green Transition, Dr John Jinapor, has indicated that Ghana’s energy sector is now experiencing renewed growth and stability.
His comments come on the back of the 2025 annual report issued by the Public Interest and Accountability (PIAC) on the petroleum fund utilisation that pointed out that crude oil production in Ghana declined for the sixth consecutive year in 2025.
Production has dropped from a high of 71.44 million barrels in 2019 to 37.3 million barrels in 2025, PIAC said.
This represents a compounded annual average decline of nine per cent.
Speaking at the Ghana-UK Investment Summit 2026, the Energy Minister, Dr Jinapor, said that “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 they are 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.
Source: 3news.com by Laud Nartey
