Minister for Energy and Green Transition, Dr John Abdulai Jinapor, says Ghana has recorded an approximately 22 per cent increase in average daily crude oil production, from 102,000 barrels in 2025 to 122,700 barrels.
He announced this at the Petroleum Commission’s 2026 Local Content Conference and Exhibition in Takoradi, where he reaffirmed the government’s commitment to revitalising the country’s upstream petroleum sector, attracting new investments and expanding opportunities for Ghanaian businesses.
Dr Jinapor said the increase marked progress in efforts to reverse the persistent decline in crude oil production, which had continued for approximately six years.
He attributed the improvement to targeted interventions and renewed collaboration between the government and industry partners.
The Minister also highlighted encouraging developments in Ghana’s exploration drive, particularly the discovery of a significant hydrocarbon accumulation at the Nya Gyidie-1X exploratory well in the Deepwater Cape Three Points Block.
The discovery was announced by President John Dramani Mahama at the conference.
The well was drilled by Planet One Oil and Gas Limited in partnership with GOIL Upstream Limited and the Ghana National Petroleum Corporation (GNPC).
Dr Jinapor described the development as an important step towards expanding Ghana’s petroleum resource base.
He said the government was also pursuing new exploration opportunities, accelerating the development of key petroleum discoveries and increasing domestic gas production.
The government, he added, was implementing strategic fiscal and regulatory reforms to strengthen Ghana’s competitiveness as a destination for petroleum investment.
On local content, Dr Jinapor disclosed that the value of services provided by indigenous Ghanaian companies had increased by nearly 99 per cent, rising from US$227.5 million in 2024 to US$451.8 million in 2025.
He stressed that local content should go beyond regulatory compliance and serve as a strategic tool for economic transformation, technology transfer, job creation and the development of internationally competitive Ghanaian enterprises.
The Minister called on international oil companies to deepen partnerships with Ghanaian businesses, facilitate technology transfer and invest in building local capabilities.
He also challenged indigenous companies to strengthen their technical capacity, corporate governance, innovation and operational efficiency to enable them to compete effectively and take advantage of emerging opportunities in the petroleum sector.
Dr Jinapor reiterated the government’s commitment to creating a more vibrant upstream petroleum industry that delivers greater benefits to the Ghanaian economy and its people.
