The Ghana National Petroleum Corporation (GNPC) and its partners have pledged more than $3.5 billion to expand oil and gas production in Ghana.
The investment forms part of efforts to meet rising energy demand and improve the country’s long-term energy security.
Speaking at the West Africa Gas Summit (WAGS) 2026 in Accra, GNPC’s Deputy Chief Executive Officer for Finance, Commercial and Administration, Hamis Ussif, said major investments are already in the pipeline across key oil and gas projects.
According to him, partners in the Jubilee and TEN fields have committed $2 billion by 2028 to increase both oil and gas production. In addition, partners in the Sankofa field have pledged another $1.5 billion to boost gas output.
“We are working with the Jubilee and TEN partners to increase investment. They have committed to $2 billion investment by 2028 to increase both oil and gas production. We are doing the same with the Sankofa partners where they have committed $1.5 billion to also increase gas production mainly,” he said.
Despite these commitments, Mr. Ussif cautioned that Ghana could still face challenges in meeting future energy needs. He explained that demand for gas continues to grow rapidly and may outpace available supply in the years ahead.
“By 2030, we are looking at around 840 million standard cubic feet per day, and by 2036, we are looking at hitting one billion cubic feet of demand per day,” he noted.
He said projections show that domestic gas production alone will not be enough to satisfy future demand. He also pointed out that gas imports from Nigeria will not fully close the expected supply gap.
“From our projections, we can’t meet this from domestic production, nor even with imports from Nigeria. That’s why we are working with partners to import LNG,” he explained.
To address the challenge, GNPC is moving ahead with plans to bring a liquefied natural gas (LNG) import terminal in Tema into operation. Mr. Ussif revealed that work on the facility is about 95 percent complete.
Once operational, the terminal will help supplement Ghana’s domestic gas supply. It will also support energy needs in neighbouring countries, strengthening Ghana’s position in the regional energy market.
“We will import the LNG and then be able to feed the demand in Ghana, but also to feed demand in the sub-region,” he said.
Mr. Ussif emphasised that these investments are critical to Ghana’s energy future. He said they will help ensure a reliable gas supply for electricity generation, support industrial expansion, and advance the country’s goal of becoming a leading energy hub in West Africa.
As demand for power and industrial energy continues to rise, GNPC and its partners are increasing investments to secure the resources needed to drive Ghana’s economic growth and regional energy ambitions.
