John Dramani Mahama has made a strong case for renewed investment in Ghana’s oil and gas sector.
The current economic recovery according to him positions the country as a destination for both upstream and midstream opportunities maintaining that the macro-economic environment is ripening for business.
Speaking during one of the conversations with Heads of State in Africa at the 2025 Africa CEO Forum in Abidjan on the topic – ‘Oil and Renewable Energy, a dual bet for Ghana’s future’, the President called on investors to partner the government in scaling up oil and gas infrastructure for long-term growth.
“The oil and gas sector was toxic. I don’t know for what reasons but I think governments have not prioritised the sector. But I will lay a red carpet for anyone who wants to drill and pump in Ghana. So the investors should come”, he said.
From energy sector reforms to renewed oil and gas investment calls, the President pointed to actionable steps his administration is taking to stabilise the economy, including the settling of settling of legacy debts.
“The energy sector has been number one in terms of priority. On my second coming, we met a messed-up energy sector with debts of almost $2.5 billion owed to Independent Power Producers, to gas suppliers, and everybody,”
“And so what the previous [government] started, we are continuing. We have been trying to renegotiate the debt and see how we can ring fence it. We have some strategies for dealing with it.
“By the end of the year, early next year, we should be able to make everybody happy in terms of dealing with that debt,” he added.
The President was accompained by a high-level delegation of ministers and economic advisors who engaged in targeted boardroom sessions as part of a broader effort to secure strategic partnerships and drive home Ghana’s development agenda on the continental stage.
