Credit Kekeli K. Blamey
Kosmos Energy has announced a major $2 billion investment in Ghana’s upstream petroleum sector, marking a significant boost for the country’s energy industry.
The announcement was made by Ghana’s Minister of Energy and Green Transition, John Jinapor, during the 2025 Africa Energy Forum (AEF), held alongside the Offshore Technology Conference (OTC) in Houston, Texas.
Describing the investment as a milestone for the country, Mr. Jinapor said it reflects the government’s renewed focus on building a transparent, investor-friendly energy sector backed by meaningful reforms.
“Ghana is entering a new era—one defined by stability, predictability, and strong government support. We want investors to know: Ghana is open for business,” the Minister declared.
As part of this pro-investment strategy, the government plans to conduct a comprehensive review of the fiscal framework governing upstream petroleum activities. The goal is to enhance competitiveness, provide regulatory clarity, and foster collaboration between local and international partners.
Mr. Jinapor extended an invitation to global industry players to engage with the government on upcoming policy reforms aimed at strengthening investor confidence and promoting sustainable development.
He underscored Ghana’s ambition to serve as a reliable hub for energy investment in the West African sub-region, highlighting recent steps taken to improve governance and overhaul existing systems.
“Ghana is the right place to do business,” he said. “With bold fiscal and regulatory reforms underway, we’re building a foundation for long-term, sustainable investment—particularly in energy and infrastructure.”
The Minister also reaffirmed Ghana’s commitment to increasing petroleum production and maintaining energy exports to neighboring countries, including Benin, Togo, Côte d’Ivoire, and Burkina Faso.
“Our prospects are bright, and our determination is firm. Ghana remains central to energy security in West Africa,” he emphasized.
The forum drew high-level participation from key stakeholders, including Nigeria’s Minister of Petroleum Resources (Oil), Heineken Lokpobiri; Petroleum Commission CEO, Emeafa Hardcastle; Ghana National Gas Company CEO, Judith Blay; Nana Joe Mensah, Senior Vice President and Head of Ghana Business at Kosmos Energy; and Simon Madjie, CEO of the Ghana Investment Promotion Centre.
