Ghana’s Energy Minister, John Abdulai Jinapor, has announced over $3.5 billion in new investments into the country’s upstream petroleum sector, positioning Ghana as a major destination for global energy capital.
Addressing Africa Oil Week 2025 in Accra, Mr. Jinapor revealed that government has signed a $2 billion framework agreement with Jubilee and TEN partners, which will fund the drilling of 20 new wells and critical infrastructure over the license period.
He further disclosed that Ghana will, during the conference, sign a $1.5 billion Memorandum of Intent with OCT partners, a deal he described as “a vote of confidence in Ghana’s upstream petroleum sector and a catalyst for job creation and growth.”
The Minister noted that other global energy giants are actively engaging with Ghana to enter the market, describing their interest as a validation of Ghana’s efforts to create a stable and transparent investment environment.
“Our message is clear: Ghana is open for business, reforming our economy, and incentivising exploration to secure long-term energy security,” he said.
