At the 31st Africa Oil Week held in Accra for the first time, Ghana’s Minister for Energy and Green Transition, John Abdulai Jinapor, unveiled a bold roadmap to strengthen the country’s energy sector through strategic investments and sustainable development.
Jinapor emphasized the need for Africa to responsibly harness its abundant natural resources—including over 125 billion barrels of oil and 620 trillion cubic feet of natural gas—to drive economic growth and alleviate poverty. He highlighted the urgent need to address energy access, noting that over 600 million Africans still live without electricity.
“Africa’s energy transition must prioritize development. We cannot afford a shift that leaves millions behind,” Jinapor stated.
Ghana has already secured $3.5 billion in upstream petroleum investments. This includes a $2 billion framework agreement with Jubilee and TEN partners to drill 20 new wells and build supporting infrastructure. Additionally, a $1.5 billion Memorandum of Intent with OCT partners is set to be signed during the conference, signaling robust investor confidence.
“These deals are more than numbers—they represent jobs, infrastructure, and trust in Ghana’s economic future,” Jinapor added.
He also revealed that discussions are underway with other global energy firms to expand Ghana’s petroleum sector, reinforcing the government’s commitment to creating a stable and investor-friendly environment.
On the renewable front, Jinapor reaffirmed Ghana’s goal to achieve a 35% share of renewables in its electricity mix by the end of 2025, aligning with the country’s broader green transition strategy.
