Ghana has secured more than US$3.5 billion in upstream oil and gas investment commitments as renewed investor confidence drives a resurgence in the country’s energy sector, Energy Minister John Abdulai Jinapor has announced.
Speaking at the Ghana-UK Investment Summit 2026, Mr Jinapor said the government’s Reset Agenda had played a crucial role in restoring confidence among investors and revitalising the nation’s energy industry following years of challenges.
According to the Minister, the government inherited a difficult situation upon assuming office in 2025, characterised by a power deficit, declining crude oil production and diminished investor confidence.
However, he noted that a series of reforms and sustained engagement with investors have helped reverse the trend, placing the sector on a path of renewed growth and stability.
”Through decisive reforms and sustained investor engagement, we have restored confidence in the sector and created the conditions for renewed investment,” Mr Jinapor told participants at the summit.
He revealed that major drilling activities have resumed across the country’s oil and gas fields, with Ghana expected to record an increase in crude oil production for the first time in nearly six years.
The Minister reaffirmed the government’s commitment to delivering a secure, affordable, reliable and sustainable energy system capable of supporting economic growth and industrialisation.
He said the government’s National Energy Policy and Energy Transition Framework would guide efforts to maximise the country’s domestic oil and gas resources while simultaneously expanding renewable energy generation and advancing plans for nuclear power development.
Mr Jinapor further outlined a range of investment opportunities available within the sector, including gas infrastructure development, gas-to-power projects, renewable energy initiatives, power sector modernisation and upstream petroleum operations.
He described these areas as central to Ghana’s ambition of becoming a regional energy hub and accelerating industrial transformation.
Concluding his address, the Minister extended an invitation to international investors to partner with Ghana, describing the current period as a pivotal moment for the country’s economic and energy development.
He emphasised that Ghana now offers a stable policy environment, ongoing sector reforms and a strong commitment to private-sector-led growth.
”With restored confidence, a stable policy environment and a commitment to long-term reforms, Ghana is open for business and ready to deliver shared prosperity and sustainable value,” he stated.
The Ghana-UK Investment Summit brought together policymakers, investors and business leaders to explore opportunities for deeper economic cooperation and increased investment between Ghana and the United Kingdom.
