Ghana: Tackling Declining Oil and Gas Production – Government Secures $3.5bn Investment to Boost Sector

The Government of Ghana has secured a $3.5 billion investment to revitalize the country’s oil and gas sector, signing a Memorandum of Understanding (MoU) with the Jubilee/TEN and Offshore Cape Three Points (OCTP) partners.

Under the agreement, the Jubilee/TEN partners will invest $2 billion, while the OCTP partners are set to contribute $1.5 billion to stimulate production and expand reserves.

The announcement was made in Accra by Dr John Abdulai Jinapor, Minister of Energy and Green Transition,…