Kosmos Energy is investing $2 billion to expand its upstream operations in Ghana, signaling strong international confidence in the country’s petroleum industry and its regulatory direction.
Ghana’s Minister of Energy, John Jinapor, announced the investment as a pivotal step toward the nation’s ambition to become West Africa’s premier energy investment destination.
“This investment will transform Ghana’s energy sector,” Jinapor stated, noting the government’s commitment to regulatory reforms and transparency.
He also revealed plans to revamp upstream fiscal policies to improve competitiveness and provide clearer guidelines for investors.
“We’re creating a thriving environment for energy companies while boosting regional energy security,” he added.
The investment by Kosmos supports Ghana’s broader efforts to reverse declining oil production and strengthen its role as a key energy exporter to neighboring countries, including Togo, Benin, and Burkina Faso.
Analysts view the move as timely, aligning with the new administration’s pro-market reforms and focus on energy as a central pillar of economic growth.
During international engagements, Ghanaian officials presented the country as a stable and attractive option amid a volatile global energy landscape.
Kosmos Energy’s Senior Vice President, Nana Joe Mensah, affirmed the company’s long-term commitment, citing Ghana’s improving investment climate.
Officials also reassured stakeholders that expansion in petroleum production will not derail the country’s renewable energy ambitions. With upstream policy revisions underway, Ghana’s energy sector is poised to attract further international interest.
