Ghana Opens Doors for Oil Investment as Mahama Encourages Global Investors Amid Economic Recovery
Ghana’s former president, John Dramani Mahama, has urged international investors to consider the country’s oil and gas sector for new investment opportunities, highlighting the ongoing economic recovery as a key factor in the nation’s appeal. During a panel discussion at the 2025 Africa CEO Forum in Abidjan, Mahama emphasized that Ghana is primed for both upstream and midstream oil and gas investments. The conversation, focused on oil and renewable energy, explored how Ghana can strategically leverage both sectors for sustainable growth.
Mahama noted that the country’s oil and gas sector had previously faced challenges, including neglect and underinvestment. However, he reassured potential investors that the current economic climate offers a more favorable environment for growth. With economic recovery underway, Mahama believes now is the right time for businesses to partner with the government and help expand the nation’s oil infrastructure.
He further acknowledged that the oil sector had been somewhat “toxic” in the past, citing a lack of prioritization by previous governments. Despite this, Mahama stressed that Ghana is ready to welcome investors with open arms. He assured them that the government would make every effort to facilitate new projects and ensure long-term success in the sector.
In his call for investment, Mahama urged global stakeholders to view Ghana as an attractive destination for future oil production and infrastructure development. He expressed confidence that the country’s strategic positioning within the African oil market would offer valuable returns for investors looking for opportunities in emerging markets.
By promoting collaboration between private investors and the Ghanaian government, Mahama envisions significant growth in the oil and gas industry, contributing to long-term economic prosperity. As the country seeks to diversify its energy portfolio, he hopes to establish a more resilient and sustainable energy sector that aligns with both oil and renewable energy development goals.
Source: Citi newsroom