Ghana records 22% rise in crude oil production – Energy Minister

Ghana has recorded a 22 per cent increase in average daily crude oil production, from 102,000 barrels in 2025 to 122,700 barrels, the Minister of Energy and Green Transition, Dr John Abdulai Jinapor, has announced.

He said the increase marked a reversal of the country's persistent crude oil production decline over approximately six years, attributing the development to targeted interventions and renewed collaboration with industry partners.

Dr Jinapor announced this on Tuesday at the Petroleum Commission's 2026 Local Content Conference and Exhibition in Takoradi.

He said the government was implementing measures to revitalise the upstream petroleum sector, attract new investments and create more opportunities for Ghanaian businesses.

The Minister also announced progress in the country's exploration drive, citing significant hydrocarbon accumulation recorded at the Nya Gyidie-1X exploratory well in the Deepwater Cape Three Points Block.

The well was drilled by Planet One Oil and Gas Limited in partnership with GOIL Upstream Limited and the Ghana National Petroleum Corporation (GNPC).

Dr Jinapor said the government was also pursuing new exploration opportunities, accelerating the development of key petroleum discoveries and increasing domestic gas production.

He said strategic fiscal and regulatory reforms were being pursued to strengthen Ghana's competitiveness as a destination for petroleum investment.

On local content, the Minister disclosed that the value of services provided by Indigenous Ghanaian Companies increased by nearly 99 per cent, from US$227.5 million in 2024 to US$451.8 million in 2025.

He said local content should extend beyond regulatory compliance and serve as a strategic driver of economic transformation, technology transfer, job creation and the development of internationally competitive Ghanaian enterprises.

Dr Jinapor called on international oil companies to partner with Ghanaian businesses, transfer technology and invest in building local capabilities.

He also urged indigenous companies to improve their technical capacity, corporate governance, innovation and operational efficiency to enable them to compete for greater opportunities in the petroleum industry.

He reaffirmed the government's commitment to revitalising the upstream petroleum sector and ensuring that Ghanaian businesses played a greater role in its development.