… lience, adaptability and an unwavering commitment to creating lasting value for Ghana.” He said the Board would focus on reversing the decline in oil production, accelerating gas commercialisation, attracting new upstream investment and advancing exploration in the Voltaian Basin …
… The corporation is also advancing studies in the Voltaian Basin, where conservative estimates indicate potential resources exceeding 11 billion barrels of oil equivalent. …
… Ahead of the main stage event, officials of the Petroleum Commission held strategic meetings with prospective investors who are seeking opportunities within Ghana’s upstream oil and gas space, particularly the onshore Voltaian Basin. …
… The revenue generated could finance transformative interventions that encourage private investors such as: Government acquisition and development of large irrigated land banks along the Volta Basin Commercial farming zones for medium- and large-scale rice production Centralized d …
… Across the Bono Region, the Volta Basin, the northern plains, and the rice belts of Pwalugu and Aveyime, farmers who rose before dawn, took out loans, applied fertiliser by hand, and poured entire seasons of their lives into the earth are watching their harvests rot not because t …
… The visit centred on briefing the Gbewaa Palace regarding the rapid progress of the Voltaian Basin Project (GH-VB-01) in the region to create job opportunities while solidifying operational logistics with key state agencies. …
The Ghana National Petroleum Corporation has delivered approximately 950,000 barrels of Sankofa crude oil to the Tema Oil Refinery under a commercial arrangement, aiming to deepen domestic refining and retain more value from Ghana's petroleum resources locally.
The Ghana National Petroleum Corporation has delivered approximately 950,000 barrels of Sankofa crude oil to the Tema Oil Refinery under a commercial arrangement, aiming to deepen domestic refining and retain more value from Ghana's petroleum resources locally.
Ghana's Parliamentary Select Committee on Energy has appealed to the Ministry of Finance to release GH¢5.6 million to the Petroleum Commission to establish and operate a data centre that will strengthen its capacity to manage upstream petroleum data and improve operations. The Committee chair noted that Parliament's 2030 petroleum agreement extension has already attracted additional funding and increased production from about 80,000 to 120,000 barrels per day.
The Parliamentary Select Committee on Energy has appealed to the Ministry of Finance to release GH¢5.6 million to the Petroleum Commission to establish a data centre to manage upstream petroleum data and improve operational capacity. The Committee chairman noted that Parliament's approval of a petroleum agreement extension to 2030 contributed to crude oil production increasing from about 80,000 to 120,000 barrels per day, but raised concerns over budgetary allocations for oil exploration in the Voltaian Basin and demanded clear evidence of progress before supporting further allocations.
The Volta Regional House of Chiefs has signed a Memorandum of Understanding with Moaming Yuantian Food Co., Ltd., a major Chinese tilapia producer, for investment in fish farming in the Volta Basin. The partnership is expected to create thousands of jobs, increase local fish production, and position the region as a major hub for commercial fish farming in West Africa.
GNPC Explorco has inspected the proposed location for Ghana's first onshore exploratory well in the Voltaian Basin at Chegu in the Mion District, and will begin constructing a 13.5-kilometre access road in the coming weeks to transport drilling equipment and support subsequent wellsite preparation activities.
The Volta Regional House of Chiefs has signed four strategic agreements with Chinese companies to promote digital transformation, infrastructure development, investment channelling, and commercial aquaculture in the region. The agreements include partnerships with technology, construction, investment, and aquaculture firms.
The Ghana National Petroleum Corporation and GNPC Explorco are advancing preparations to drill the TUA-1X exploratory well at Chegu in the Mion District, following years of subsurface studies. Physical preparations include construction of a 13.5-kilometre access road and a rig pad to support the drilling operation.
Ghana's national exploration company showcased the Voltaian Basin's investment and exploration potential at AOW:Energy 2026, with its managing director emphasising the basin's geological promise and the importance of technical expertise and strategic partnerships to unlock frontier opportunities.
Ghana's Petroleum Commission hosted Uganda's Petroleum Authority Board for peer-learning on petroleum regulation and governance. The engagement aimed to share experiences on areas including legal frameworks, health and safety, environmental standards, and local content development.
Energy Minister Dr John Abdulai Jinapor has warned that declining oil production and dwindling reserves pose immediate threats to Ghana's upstream petroleum sector, despite reserves remaining above target levels. He said the government will work with the GNPC, Petroleum Commission, and industry operators to accelerate field development, exploration, and approval processes while addressing infrastructure constraints.
The Ghana National Petroleum Corporation marked 40 years of operations and outlined priorities including reversing declining crude oil production, accelerating gas commercialisation, and attracting new upstream investment. Ghana recorded its fifth consecutive year of declining crude oil production in 2025, with average daily output from three major fields standing at 102,199 barrels per day.
Ghana's crude oil production has declined for six consecutive years, falling from 71.44 million barrels in 2019 to 37.30 million barrels in 2025, according to an Institute for Energy Security report. The prolonged downturn, driven by ageing oil fields, limited upstream investment, and no new petroleum agreements since 2018, has caused total petroleum receipts to drop 43.27% from US$1.36 billion in 2024 to US$770.27 million in 2025.
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.
Ghana is pitching upstream oil and gas opportunities to Canadian investors at a global energy summit, with the Petroleum Commission promoting investment in the country's onshore Voltaian Basin and offshore prospects. The CEO of the Petroleum Commission says Ghana is well-positioned to attract capital due to global energy market volatility and the need for supply diversification and energy security.
Rice consumption is growing rapidly in Ghana and is set to surpass maize as the country's most consumed cereal, yet Ghana remains unable to capitalize on this internal demand and continues to rely on imports from Thailand, Vietnam, and India despite abundant fertile land, favorable weather, water resources, and hardworking farmers.
The Ghana Meteorological Agency warns that thousands of residents in parts of southern Ghana risk severe flooding and storm-related destruction in the coming weeks if urgent steps are not taken to desilt drains and clear waterways. The agency expects intense rainfall activity across Greater Accra, Central, Ashanti and Eastern regions between June and early July, with coastal communities likely to record some of the heaviest rainfall in the country.
An investigative analysis argues that over five million Ghanaian smallholder farmers are being harmed by macroeconomic policies and institutional failures, including artificially cheap imported rice and maize flooding the market and defective hybrid seeds from the government's Feed Ghana Programme.
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.
Ghana National Petroleum Corporation (GNPC) is set to conduct the first large-scale onshore petroleum exploration in the Voltaian Basin, spanning 100,000+ sq km across 460 communities in 13 districts in Northern and Savannah Regions. GNPC describes the project as Ghana's next major hydrocarbon frontier.