The Minister for Energy and Green Transition, John Jinapor, has said the Ministry is in the final stages of getting the reforms to the oil and gas regulatory regime finalised.
President John Dramani Mahama has described the revival of the Tema Oil Refinery (TOR) as evidence that strategic partnerships, strong leadership and effective management can restore struggling state-owned enterprises without direct government funding.
Exploratory drilling in the Voltaian Basin is expected to begin in fourth quarter-2026, reviving a long-delayed project that government hopes will unlock new hydrocarbon reserves and help stem Ghana’s declining crude oil production.
The country has secured more than US$3.5billion of fresh investment commitments from partners in its flagship Jubilee and Offshore Cape Three Points (OCTP) oil fields as government moves to reverse years of declining crude production and restore confidence in the upstream petroleum sector, Finance Minister Dr. Cassiel Ato Forson has said.
The Africa Sustainable Energy Centre (ASEC) has urged the government to retain full ownership of the planned second Gas Processing Plant (GPP Train 2) of the Ghana National Gas Company, warning that any move to transfer the strategic asset to a private operator could undermine energy security and long-term economic interests.
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