KOSMOS ENERGY COMMITS A WHOPPING $2 BILLION BOOST TO GHANA’S PETROLEUM INDUSTRY

In a monumental move set to transform Ghana’s petroleum sector, Kosmos Energy has pledged an impressive $2 billion investment into its upstream operations.

Announcing this groundbreaking initiative at the esteemed 2025 Africa Energy Forum (AEF) during this year’s Offshore Technology Conference (OTC) in Houston, United States, the Minister of Energy and Green Transition, Mr. John Jinapor, lauded Kosmos Energy’s significant contribution. This substantial investment, coupled with the government’s dedication to reform, marks the dawn of a new era for Ghana’s energy landscape—a chapter characterized by transparency, collaboration, and boundless opportunities.

Mr. Jinapor emphasized the country’s strategic vision to position itself as a competitive, transparent, and welcoming hub for energy investments. “Ghana is ushering in a new era of stability, predictability, and robust government support. We declare with confidence: Ghana is open for business,” he declared.

As part of the government’s investor-centric strategy, Mr. Jinapor revealed plans to undertake a comprehensive review of Ghana’s upstream fiscal regime to bolster competitiveness and provide regulatory clarity. This move underscores Ghana’s commitment to engaging with both local and international partners in shaping the future trajectory of the energy sector.

Encouraging active participation from industry stakeholders in upcoming policy revisions aimed at fortifying investor confidence and enhancing sector governance, the Minister appealed to global investors to explore the burgeoning opportunities within Ghana’s revitalized energy sector.

Positioning Ghana as a stable and reliable investment destination, Mr. Jinapor emphasized the government’s resolve to establish an enabling environment for sustainable investments, particularly in energy and associated infrastructure. “Ghana stands as a prime location for business. With a fresh administration dedicated to transforming structures and implementing bold fiscal and regulatory reforms, we are prepared and eager for investments,” he asserted.

Highlighting the progress already underway, Mr. Jinapor underscored Ghana’s unwavering commitment to ramp up production to ensure stable power supply to neighboring countries such as Benin, Togo, Côte d’Ivoire, and Burkina Faso. He reiterated Ghana’s pivotal role in ensuring energy security within the West African sub-region.

The distinguished forum witnessed the participation of prominent energy leaders, including H.E. Heineken Lokpobiri, Nigeria’s Minister of Petroleum Resources; Emeafa Hardcastle, CEO of the Petroleum Commission; Judith Blay, CEO of the Ghana National Gas Company; Nana Joe Mensah, Senior Vice President and Head of Ghana Business Unit at Kosmos Energy HC; and Simon Madjie, CEO of the Ghana Investment Promotion Centre.