The government of Ghana has signed a memorandum of intent with ENI, Vitol, and the Ghana National Petroleum Corporation (GNPC) for a significant integrated strategic investment plan.
The US$1.5 billion investment aims to enhance the nation’s oil and gas production capacity. The signing ceremony occurred at the 2025 Africa Oil Week, currently being held in Accra.
This strategic investment is designed to increase gas production and optimize oil production, supporting Ghana’s energy sector growth.
President John Mahama welcomed the agreement, highlighting the government’s commitment to creating a favorable business environment.
“Ghana is building a business environment that meets investors while safeguarding our national interest. The policy interventions introduced since I assumed office are yielding results,” President Mahama stated, emphasizing the positive impact of recent policy changes on attracting investment.
The Minister of Energy and Green Transition, Hon. John Jinapor, remarked that “This is not just a figure on paper; it is a vote of confidence in Ghana’s upstream petroleum sector, our economy, a commitment to job creation and a catalyst for the infrastructure that will power our nation forward”.
