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General News of Tuesday, 13 May 2025

    

Source: www.ghanawebbers.com

New Chapter In Ghana’s Energy Story … Committee Commissioned To Oversee Construction Of Another Gas Plant … Oil Giants Ready To Invest Billions Of Dollars Into Petroleum Upstream

Ghana to Build Second Gas Processing Plant

The Minister for Energy and Green Transition, John Abdulai Jinapor, announced plans for a second gas processing plant in Ghana. This announcement was made at the Africa Energy Forum during the Offshore Technology Conference (OTC) in the United States.

To support this project, Jinapor and Finance Minister Cassiel Ato Forson inaugurated a committee in Accra. The decision to build this plant was first made by the John Mahama government during its initial cabinet meeting.

The construction of Gas Processing Plant Two (GPP2) shows Ghana's commitment to energy sufficiency. It aims to position Ghana as a key player in sub-Saharan Africa's energy sector.

The first gas processing plant, GPP1, was developed under former presidents John Evans Atta Mills and John Dramani Mahama. However, the previous administration did not proceed with plans for GPP2.

President Mahama has pledged to create jobs through this new plant. It will also provide reliable gas for industries and households while supporting neighboring countries.

In another development, Kosmos Energy plans to invest $2 billion in Ghana’s upstream operations. This investment will significantly enhance the country's petroleum sector.

Jinapor highlighted that Kosmos Energy's investment signals a new chapter for Ghana’s energy landscape. He emphasized transparency, collaboration, and opportunity as key themes moving forward.

At the OTC conference in Houston, Jinapor reiterated Ghana’s goal of becoming an investor-friendly destination. He stated that stability and strong government support are priorities for attracting investors.

The government is reviewing its upstream fiscal regime to improve competitiveness and regulatory clarity. Jinapor invited industry stakeholders to contribute to upcoming policy reforms aimed at boosting investor confidence.

He encouraged global investors to explore opportunities within Ghana’s revitalized energy sector. The government is committed to creating an environment conducive to sustainable investments in energy infrastructure.

“Ghana is ready for business,” he said. “We are focused on implementing bold reforms.”

Jinapor expressed determination to increase production levels while ensuring reliable power supply to neighboring countries like Benin and Togo. He reaffirmed that Ghana remains central to energy security in West Africa.

The forum featured notable leaders from the energy sector, including Nigeria’s Petroleum Minister H.E. Heineken Lokpobiri and Judith Blay from the Ghana National Gas Company.