Ghana’s energy sector is set for a major boost as Kosmos Energy has pledged a $2 billion investment in its upstream operations in the country. The announcement was made by Minister for Energy and Green Transition, John Jinapor, at the 2025 Africa Energy Forum, held on the sidelines of this year’s Offshore Technology Conference (OTC) in Houston, Texas.
In his opening remarks, the Energy Minister underscored Ghana’s strategic intent to position itself as a transparent, stable, and investor-friendly destination for energy sector investments.
“Ghana is entering a new era—one defined by stability, predictability, and strong government support. We want investors to know: Ghana is open for business,” John Jinapor declared.
The investment commitment from Kosmos Energy, a long-standing player in Ghana’s petroleum sector, is expected to significantly boost upstream exploration and production activities. The pledge signals strong investor confidence in Ghana’s energy future and regulatory environment.
To complement private sector enthusiasm, John Jinapor announced that the government will initiate a comprehensive review of Ghana’s upstream fiscal regime, with the goal of increasing competitiveness, simplifying regulation, and boosting investor confidence.
“We are inviting all stakeholders to participate in shaping a new, fit-for-purpose upstream policy framework,” the Minister said.
John Jinapor also confirmed that Ghana’s upstream sector policy framework is under review, signaling the government’s readiness to collaborate with both domestic and international partners in shaping the future of its energy sector.
The Africa Energy Forum convened top industry and policy leaders, including: H.E. Heineken Lokpobiri, Nigeria’s Minister of Petroleum Resources (Oil); Emeafa Hardcastle, CEO of the Petroleum Commission; Judith Blay, CEO of the Ghana National Gas Company; Nana Joe Mensah, Senior Vice President and Head of Ghana Business Unit at Kosmos Energy HC; and Simon Madjie, CEO of the Ghana Investment Promotion Centre.
This landmark moment—with Kosmos Energy’s $2 billion investment pledge and the government’s commitment to reform—marks a turning point in Ghana’s energy narrative, one anchored in transparency, collaboration, and opportunity.
