Ghana’s Multi-Faceted Energy Agenda Discussed During African Energy Chamber (AEC) Working Visit

Ghana’s Multi-Faceted Energy Agenda Discussed During African Energy Chamber (AEC) Working Visit

The African Energy Chamber (AEC) (www.EnergyChamber.org), serving as the voice of the African energy sector, recently conducted a working visit to Ghana, meeting with key institutions and stakeholders to discuss the state of play of the country’s oil and gas sector. Throughout the visit, parties discussed Ghana’s energy expansion agenda, which is largely driven by heightened exploration and production as well investment in the country’s downstream industry.

First and foremost, the AEC met with Hon. Matthew Opoku Prempeh, the country’s Minister of Energy, where the conversation largely centered on the Ministry’s priorities for 2023 and beyond. Focused on expanding the country’s upstream prospects, the Minister identified exploration and infrastructure expansion as key objectives. Currently, the Ministry is looking at allocating new blocks, engaging with active and potential upstream players while reviewing the country’s fiscal terms to incentivize new investment and global participation in the sector. Additionally, the Minister emphasized the role bilateral cooperation will play in expanding the sector, with nations such as Saudi Arabia already representing strong partners – the two nations are collaborating on a clean cooking initiative. As the country becomes increasingly attractive, the Minister emphasized the role the continent’s premier energy event, African Energy Week (AEW) 2023,