Ghana National Petroleum Corporation — state petroleum enterprise pursuing domestic gas and oil production expansion, including the Voltaian Basin and LNG imports to meet 2030 demand.
The Deputy Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), HAMIS USSIF, has warned that the country’s projected US$3.5 billion investment in the gas sector will still not be enough to meet domestic gas demand by 2030. …
… He said offshore developments led by partners including Tullow Oil, Kosmos Energy, Eni, Vitol and Ghana National Petroleum Corporation have transformed Ghana’s energy landscape over the past decade. …
The Ghana National Petroleum Corporation (GNPC) has crowned its 40th anniversary celebrations with a staff-led project to renovate the Republic Road Nursery School in Tema Community 4. …
… the Annual Budget Funding Amount (ABFA), while US$238.6 million will go into the Ghana Petroleum Funds, split between the Ghana Stabilisation Fund (US$167 million) and the Ghana Heritage Fund (US$71.6 million). “US$190.33 million of what will earned in 2026 will be ceded to GNPC …
… On the other side, the largest single profit-maker is the Ghana Education Trust Fund — a statutory levy fund, not a trading business — followed by Ghana Ports and Harbours Authority, Bui Power Authority and the Ghana National Petroleum Corporation. …
Sentuo Oil Refinery receives 1 million barrels from Jubilee Field
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·The Ghanaian Times
… He said, following directives from President Mahama, the ministry worked closely with stakeholders, including GNPC, Tullow Ghana, Kosmos Energy, Eni, Vitol, Sentuo Oil Refinery, BOST, and regulators, to develop a roadmap that resulted in the successful delivery of Jubilee crude f …
… According to him, government engaged key stakeholders, including the Ghana National Petroleum Corporation (GNPC), Jubilee partners, regulators and Sentuo Oil Refinery, to facilitate the commercial and operational arrangements required for the shipment. …
… She further acknowledged the contributions of key stakeholders, including the Ghana National Petroleum Corporation (GNPC), the Petroleum Commission and players within the upstream petroleum sector, whose efforts helped make the milestone possible. …
… With the Savannah Region engagement serving as the platform for the announcement, independent energy analysts are already looking forward to the mid-year production data from the Ghana National Petroleum Corporation (GNPC) to verify the initial impact of these multibillion-dollar …
President Mahama announced that Explorco will start onshore drilling in the Voltaian Basin before the end of 2026 to assess commercial viability of petroleum reserves in the area. The Sentuo Oil Refinery expansion is expected to increase processing capacity from 40,000 barrels per day to 100,000 barrels per day.
Why it matters
Explorco onshore drilling in Voltaian Basin before end-2026 signals new petroleum exploration opportunities for Ghana.
President Mahama announced that Explorco will start onshore drilling in the Voltaian Basin before the end of 2026 to assess commercial viability of petroleum reserves in the area. The Sentuo Oil Refinery expansion is expected to increase processing capacity from 40,000 barrels per day to 100,000 barrels per day.
Ghana's government is positioning the country as a regional gas trading and distribution hub through liquefied natural gas imports and expanded domestic production to meet rising demand across West Africa. Gas demand is projected to reach about 840 million standard cubic feet per day by 2030, outpacing domestic supply despite ongoing upstream investments, with a Tema-based LNG terminal approximately 95 percent complete set to handle up to 400 million standard cubic feet per day.
Eni Ghana has signed a Letter of Intent with the Italian Agency for Development Cooperation (AICS) to explore strategic partnerships aimed at advancing sustainable development initiatives in Ghana, with cooperation focusing on education, TVET, agriculture, water and sanitation, community health, nutrition, and economic diversification.
Eni Ghana has signed a Letter of Intent with the Italian Agency for Development Cooperation to advance sustainable development initiatives in Ghana, focusing on education, TVET, agriculture, WASH, community health, nutrition, and economic diversification in host communities.
Ghana and Canada gathered in Toronto for the 2026 Ghana-Canada Investment Forum to deepen economic cooperation and explore strategic investment opportunities. The event highlighted Ghana's 24-Hour Economy and Accelerated Export Development Programme, examining how Canadian businesses and investors can partner with Ghanaian enterprises to support the country's economic transformation.
The Heal Komfo Anokye Project, launched in November 2023 to raise $10 million for hospital infrastructure repairs, has raised tens of millions of cedis with about GH¢50 million spent so far. The implementers have refused to provide accountability or hand over the project to Komfo Anokye Teaching Hospital, citing lack of authority to do so, despite an audit revealing procurement irregularities and missing donor records.
An audit of the Heal Komfo Anokye Project, launched in November 2023 to raise $10 million for repairs at Komfo Anokye Teaching Hospital, has flagged serious irregularities including procurement issues and missing donor receipt pages. The findings come amid disputes between the hospital board and project implementers over control and accountability of funds, with about GHS 50 million spent so far and GHS 13 million still owed to contractors.
Senior energy officials and industry leaders at the West Africa Gas Summit in Accra have called for collective action to integrate infrastructure and develop sound policy to transform Africa's natural gas resources into economic value, citing the West African Gas Pipeline project as a model for regional cooperation.
Eni Ghana and the Italian Agency for Development Cooperation have signed a Letter of Intent to explore joint sustainable development initiatives in education, TVET, agriculture, water and sanitation, community health, nutrition, food security and economic diversification in communities where Eni operates. The non-binding agreement establishes a framework for future cooperation aligned with the UN Sustainable Development Goals.
Staff of the Ghana National Petroleum Corporation have handed over a fully refurbished four-unit kindergarten classroom block to Republic Road Nursery School in Tema as part of the Corporation's 40th anniversary activities. The project, funded and executed entirely by GNPC staff as a personal initiative, included new ceilings, tiled floors, washroom facilities, and furniture made from recycled plastic materials.
The Ghana National Petroleum Corporation's deputy chief executive warned that the projected US$3.5 billion investment in gas will not meet the country's domestic demand by 2030, necessitating continued reliance on liquefied natural gas imports. GNPC is pursuing a two-pronged strategy of expanding domestic production while maintaining LNG imports, and is seeking partners to develop the Voltarian Basin as the country's first onshore oil and gas field.
Ghana and Canada will host an investment forum in Toronto on June 15, 2026, to explore strategic opportunities, forge partnerships, and advance Ghana's economic transformation agenda, with a focus on the 24-Hour Economy and Accelerated Export Development Programme.
At the 2026 West Africa Gas Summit in Accra, officials and industry leaders said regional gas integration requires stronger commercial frameworks and private investment to lower energy costs and support industrialisation across West Africa. The West African Gas Pipeline, which transports gas from Nigeria to Ghana, Togo and Benin, demonstrates successful regional cooperation that could be expanded further.
The Ghana National Petroleum Corporation marked its 40th anniversary by completing a staff-led renovation of Republic Road Nursery School in Tema Community 4. The project, part of GNPC's year-long anniversary programme, was conceived and executed by employee volunteers as a legacy contribution to the community that has hosted the Corporation's offices for four decades.
Ghana's finance minister has revised the end-year 2026 petroleum revenue target upward to approximately US$1.5 billion from the initially budgeted US$985 million, citing rising international crude oil prices driven by Middle East developments. Details of the revision will be presented in the Mid-Year Budget Review in July 2026.
The 2024 State Ownership Report shows 35 of 54 state-owned enterprises turned a profit, but the sector posted a net loss of GH¢9.68 billion after tax, worse than the GH¢7.14 billion loss in 2023, driven by losses at a handful of giant utilities and currency revaluation effects from the weakening cedi.
Ghana has delivered its first cargo of locally produced Jubilee crude oil to the Sentuo Oil Refinery in Tema for processing, 15 years after the country's first crude oil production from the Jubilee Field in 2011. The initiative aims to increase Ghana's participation in the oil and gas value chain, strengthen energy independence, and reduce reliance on imported refined petroleum products.
Sentuo Oil Refinery has received 1 million barrels of crude oil from the Jubilee Field for domestic processing, marking the first time crude from the Jubilee Field has been supplied to the privately owned refinery in Ghana. The delivery is intended to deepen local value addition, strengthen energy security, and expand downstream industrial activity.
Ghana's Trade Minister described the Sentuo Oil Refinery as a strategic national asset that strengthens industrial capacity and reduces dependence on imported petroleum. The refinery processed Jubilee crude oil for the first time, marking a historic shift from exporting raw crude to adding value through domestic refining.
The Ministry of Energy has forecast a rebound in crude oil production after five consecutive years of decline, backed by $3.5 billion in capital-intensive investments including a $1.5 billion agreement with Italian energy company Eni and a $2 billion development agreement with Jubilee Partners.
The Public Interest and Accountability Committee (PIAC) has escalated its dispute with the Ghana National Petroleum Corporation (GNPC) and its subsidiary Explorco to the Office of the Attorney-General, over Explorco's failure to account for and transfer petroleum revenues amounting to US$561,648,785.37 between 2022 and 2024. The central issue is whether Explorco, as a commercial subsidiary of GNPC, can legally retain petroleum lifting proceeds outside the Petroleum Holding Fund structure or whether all such revenues must accrue to the state under the Petroleum Revenue Management Act.
The Public Interest and Accountability Committee has accused Ghana's finance ministers and Parliament of breaching the Petroleum Revenue Management Act between 2021 and 2025 by maintaining the Ghana Stabilisation Fund cap at $100 million instead of the legally required $584.22 million, which should be calculated based on average expected petroleum revenue for a three-year period.
Ghana's finance ministers breached petroleum revenue rules between 2021 and 2025 by capping the Ghana Stabilisation Fund at $100m instead of the legally required $584.22m, according to the Public Interest and Accountability Committee. The committee chair said both the finance ministers and Parliament acted unlawfully, and called on the Finance Minister to use the correct figure and Parliament to ensure compliance.
Persistent losses by state-owned enterprises (SOEs) pose a risk to Ghana's fiscal balance and debt sustainability following the IMF bailout, according to a corporate governance consultant. The article contextualizes Ghana's SOE sector from independence through economic crises of the 1980s–90s, which reduced government capacity to finance operations and worsened SOE performance.
Ghana's investment promotion chief has stressed the need for stronger strategic partnerships with global service providers to advance the country's energy ambitions and improve competitiveness in oil and gas. The GIPC CEO visited Weatherford's Houston facility following the Offshore Technology Conference, accompanied by Ghana National Petroleum Corporation and Chamber of Commerce officials, to explore drilling technologies and production optimisation.
A delegation from GNPC Explorco held strategic discussions with traditional authorities in Tamale, including the Overlord of Dagbon, to brief them on the Voltaian Basin Project and establish an operational office in the northern sector. The delegation also met with the Lands Commission and Minerals Commission to discuss safety measures and logistics for oil exploration that spans approximately one-third of Ghana's landmass.
Match week 10 concluded the Group Stages of the University of Ghana Corporate Football League Season 2 with five matches on 8th May at UG Main Stadium; four dominant wins and one dramatic draw determined the two semi-finalists from Group A.
As of May 1, only 61 out of 185 state-owned enterprises and specified entities submitted their 2025 financial statements to SIGA by the April 30 deadline, representing a 32% compliance rate. More than 100 entities had neither submitted statements nor provided reasons for delays.
The Ghana Institute of Management and Public Administration (GIMPA) held the launch of the GIMPA Tech Fair & Industry Showcase 2026 on April 16, bringing together approximately 300 participants from government, industry, academia, and students under the theme "Innovating for Impact: Technology Solutions for Ghana's Future." Deputy Rector Professor Ebenezer Adaku stressed the importance of strengthening collaboration between academia and industry, while senior government and energy sector officials outlined commitments to advancing digital infrastructure and research opportunities.
The Government of Ghana has signed a term sheet agreement with Eni Ghana E&P, Vitol Upstream Ghana Limited, and the Ghana National Petroleum Corporation to advance the Offshore Cape Three Points (OCTP) Non-Associated Gas Upgrade Project. Gas production from the project is expected to increase by up to 350 million standard cubic feet per day by 2028, driven by development of the Gye Nyame field and installation of new infrastructure.