Kosmos Energy Commits $2 Billion Investment to Boost Ghana’s Upstream Petroleum Sector
US-based oil and gas company, Kosmos Energy, is set to inject $2.0 billion into its upstream operations in Ghana, a move expected to significantly bolster the country’s petroleum sector and attract renewed investor interest.
The announcement was made by Ghana’s Minister of Energy and Green Transition, John Jinapor, at the 2025 Africa Energy Forum (AEF) held during the Offshore Technology Conference (OTC) in Houston, Texas, United States.
Speaking at the forum, Mr Jinapor noted that the substantial investment by Kosmos Energy signals a new chapter in Ghana’s energy narrative—one marked by transparency, collaboration, and opportunities for growth.
“Ghana is entering a new era—one defined by stability, predictability, and strong government support. We want investors to know: Ghana is open for business,” he asserted.
The Minister disclosed that government is currently undertaking a comprehensive review of Ghana’s upstream fiscal regime, aimed at enhancing competitiveness and providing greater regulatory clarity for industry players.
“The upstream policy framework is under review. We are ready to work with both domestic and international partners to shape the future of our energy sector,” Mr Jinapor added, urging stakeholders to actively participate in the upcoming reforms.
He further underscored government’s commitment to positioning Ghana as a reliable and investor-friendly destination, with a renewed focus on sustainable investment and infrastructure development in the energy sector.
“Ghana is the right place to do business. With a new administration focused on overhauling systems and implementing bold fiscal and regulatory reforms, we are open and ready for investment,” he reiterated.
Highlighting Ghana’s pivotal role in West Africa’s energy landscape, the Minister said the country remains committed to expanding energy production and supplying reliable power to neighbouring countries including Benin, Togo, Côte d’Ivoire, and Burkina Faso.
“The prospects are already becoming evident. We are determined to reverse the trend and scale up production. Ghana remains a pivot for energy security in the West African sub-region,” he said.
The forum brought together key energy stakeholders including Nigeria’s Minister of Petroleum Resources (Oil), Heineken Lokpobiri; Chief Executive Officer of the Petroleum Commission, Emeafa Hardcastle; CEO of Ghana National Gas Company, Judith Blay; Senior Vice President and Head of Ghana Business Unit at Kosmos Energy HC, Nana Joe Mensah; and CEO of the Ghana Investment Promotion Centre (GIPC), Simon Madjie.
