The Ghana National Petroleum Corporation (GNPC) and its partners have committed more than $3.5 billion in investments to increase oil and gas production as Ghana seeks to meet growing energy demand and strengthen energy security.
Speaking at the West Africa Gas Summit (WAGS) 2026 in Accra, Deputy Chief Executive Officer for Finance, Commercial and Administration of GNPC, Hamis Ussif, disclosed that partners in the Jubilee and TEN fields have committed $2 billion by 2028 to increase oil and gas production, while Sankofa partners have pledged an additional $1.5 billion to boost gas output.
“We are working with the Jubilee and TEN partners to increase investment. They have committed to $2 billion investment by 2028 to increase both oil and gas production. We are doing the same with the Sankofa partners where they have committed $1.5 billion to also increase gas production mainly,” he said.
Mr. Ussif warned that despite the planned investments, Ghana could still face a widening gap between gas supply and demand in the coming years.
“By 2030, we are looking at around 840 million standard cubic feet per day, and by 2036, we are looking at hitting one billion cubic feet of demand per day,” he noted.
He added that domestic production and gas imports from Nigeria alone would not be enough to meet future demand, making additional investments and alternative supply sources critical.
“From our projections, we can’t meet this from domestic production, nor even with imports from Nigeria. That’s why we are working with partners to import LNG,” he explained.
According to Mr. Ussif, GNPC is advancing plans to operationalise an LNG import terminal in Tema, which is about 95 percent complete. The facility is expected to supplement domestic gas supply while serving markets across the sub-region.
“We will import the LNG and then be able to feed the demand in Ghana, but also to feed demand in the sub-region,” he said.
Mr. Ussif stressed that the investments form part of broader efforts to ensure reliable gas supply for power generation, industrial growth and Ghana’s ambition of becoming a regional energy hub.
