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Ghana Overview

Ghana

in figures

Oil reserves681 million barrels

Oil production190,000 bopd

Gas reserves58 bcm

Annual gas production630 mcm

Ghana: An Attractive Climate

After more than a century of unsuccessful oil exploration, Ghana was catapulted into the world of oil exporting economies with the 2007 discovery of the Jubilee field. It started producing oil in 2010, a mere 40 months after discovery, and remains the only major deepwater field in the country.

The field has not yet provided the revenues that the government expected due to technical difficulties, but work to repair the problem is set to be completed in 2019. Together with  the development of major new fields at Tweneboa, Enyenra and Ntomme – as well as Eni’s Sankofa, which came on line in May 2017 – the country is expected to become sub-Saharan Africa’s fourth-largest producer by 2020 with 240,000 bopd.

Ghanaian oil production is opening up new opportunities for local companies while spurring the government to invest in new infrastructure and set out new regulations, promotions and incentives. Having also discovered substantial reserves of natural gas, Ghana is implementing an aggressive plan for gas utilisation with financing from China. Ghana sees natural gas as a stable power supply and cheap energy for growing domestic industry.

The Oil & Gas Year Ghana 2019 is published in collaboration with Ghana Oil Club. This third edition covers the lessons learned from the global oil price downturn and the opportunities that are becoming available as commodity prices recover. The book also provides readers with a complete perspective of the country’s main energy projects and steps the government is taking to draw in more foreign investment.

R Yofi Grant Ghana GIPC
Interview
Ghana - July 13, 2020

R. Yofi Grant, CEO of Ghana Investment Promotion Centre (GIPC), talks to The Energy Year about Ghana’s resilience for coping…

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Amoako Baah GRIDCo
Interview
Ghana - July 09, 2020

Jonathan Amoako-Baah, CEO of Ghana Grid Company (GRIDCo), talks to The Energy Year about how the company has ensured the…

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Ghana books

More books
Alvin Mingle Fitzgerald Bassey
Interview
Ghana - June 25, 2020

Alvin Mingle, senior managing partner of Fitzgerald-Bassey, and Kwabena Peprah, the firm’s managing partner, talk to The…

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Kwame Acquah
Interview
Ghana - June 19, 2020

Kwame Acquah, managing director of Research Development & Financial Consultants (RDFC), talks to The Energy Year about the…

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Ghana Exploration and Production Licences 2020

Ghana maps

Ghana Exploration and Production Licences 2020

ALL MAPS
Interview
Ghana - June 17, 2020

Daniel S. Kwarkyi, managing director of Danest Engineering Company, talks to The Energy Year about Covid-19 challenges and how…

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Interview
Ghana - June 09, 2020

Kofi Oduro Mensah, co-CEO for joint ventures and strategic alliances at Harlequin Oil & Gas, talks to The Energy Year about how…

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Interview
Ghana - April 22, 2020

Guillaume Larnicol, vice-president for sub-Saharan Africa at Expro, talks to The Energy Year about the impact of both Covid-19 and low oil prices on the industry and…

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Interview
Ghana - April 07, 2020

MacDonald Vasnani, CEO of Consolidated Shipping Agencies (Conship), talks to The Energy Year about the inevitable need to downsize operations and staff during the…

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Interview
Ghana - March 12, 2020

M.C. Vasnani and Linda Vasnani, CEO and COO of Consolidated Shipping Agencies (Conship), talk to The Energy Year about the relationship between the private sector and…

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Interview
Ghana - March 12, 2020

Kofi Oduro Mensah, co-CEO for joint ventures and strategic alliances at Harlequin Oil & Gas, and Frederick Hesse-Tetteh, the company’s co-CEO for projects, commercial…

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