The Minister of Energy and Green Transition, Hon. John Abdulai Jinapor, has revealed that the government’s RESET agenda for the energy sector is yielding positive results, with the investment community eager to invest in Ghana’s energy industry.
Speaking on the opening day of the 2025 Local Content Conference and Exhibition in Takoradi on Tuesday, November 4, 2025, Hon. Jinapor stated that after a prolonged downturn, the oil and gas sector is showing clear signs of recovery, thanks to strategic government interventions.
He attributed the sector’s previous challenges to regulatory inefficiencies, ambiguous and inconsistent policies that sent mixed signals to investors, and burdensome tax regimes, noting that those factors that had brought the industry to its knees.
However, Hon. Jinapor emphasised that under the Mahama-led administration, targeted reforms are reversing these fortunes, and he expressed strong confidence in the sector’s sustained rebound.
He stressed the importance of concerted, long-term efforts to preserve and build on these gains.
“Since assuming office, we’ve resolved the dispute between Springfield and ENI—a move that sent a strong positive signal. In the oil sector, consistency and clear signalling are important. I’m pleased to report that in this short time, we’ve increased gas production to approximately 50 MMSCFD. We’ve also signed a $1.5 billion framework agreement with ENI and a $2 billion agreement with the Jubilee partners. Major industry players are now showing renewed interest in Ghana,” he stated.
One of the government’s key investment priorities is the Petroleum Hub project, for which it is actively courting international partners.
The Petroleum Hub Project, estimated at $60 billion, will be located in Jomoro, in Ghana’s Western Region. The hub will comprise: Three refineries with a total capacity of 900,000 barrels per stream day (BPSD), five petrochemical plants with a minimum capacity of 90,000 BPSD.
Storage tanks with a cumulative capacity of 10 million cubic meters and at least two jetties to support import and export activities.
The project is poised to position Ghana as a leading petroleum and petrochemical hub in Africa, enhancing regional energy security and economic integration.
