John Dramani Mahama has strongly advocated for increased investment in Ghana’s oil and gas sector. He believes that the current economic recovery positions the nation as an attractive destination for both upstream and midstream opportunities, asserting that the macroeconomic environment is becoming favorable for business.
During a discussion with African Heads of State at the 2025 Africa CEO Forum in Abidjan, centered on the theme ‘Oil and Renewable Energy, a dual bet for Ghana’s future’, the President urged investors to collaborate with the government in enhancing oil and gas infrastructure for sustainable growth.
He remarked, ‘The oil and gas sector has faced significant challenges. For reasons unknown, previous administrations have not prioritized this sector.
However, I am ready to welcome any investor interested in exploring and extracting resources in Ghana. Therefore, I encourage investors to come forward.’
The President highlighted the proactive measures his administration is implementing to stabilize the economy, including addressing legacy debts, as he emphasized the energy sector’s top priority.
‘Upon my return to office, we encountered a severely troubled energy sector burdened with nearly $2.5 billion in debts owed to Independent Power Producers and gas suppliers,’ he stated.
‘We are continuing the efforts initiated by the previous government to renegotiate this debt and develop strategies for its management. By the end of this year or early next year, we aim to resolve these issues to the satisfaction of all parties involved.’
The President was accompanied by a distinguished delegation of ministers and economic advisors who participated in focused boardroom discussions as part of a comprehensive initiative to establish strategic partnerships and advance Ghana’s development agenda on the continental level.
