Audio By Carbonatix
Struggling with its worst economic crisis in a generation, government is seeking Indian investment in its oil and gas sector, William Owuraku Aidoo, Deputy Energy Minister, said on Wednesday.
Ghana has asked India to consider the exploration of three blocks in the western basin and to build refineries as the African nation aims to construct a petroleum hub, Aidoo said.
"There are some opportunities in Ghana especially in the oil and gas front. We have some oil blocks available and we came here hoping to attract Indian investments," Aidoo told Reuters after a meeting with Indian oil minister Hardeep Singh Puri at India Energy Week.
He said Ghana will award exploration licences through direct negotiations if Indian companies are interested.
Ghana wants India to consider three blocks in the western basin, he said.
Apart from offering exploration opportunities, Ghana is also seeking Indian support to build refineries of about 300,000 barrels per day.
"We have space for three of them ... we want to make a petroleum hub," Aidoo said.
Latest Stories
-
Two arrested in connection with Effiakuma viral video
17 minutes -
Keta MP lays mother to rest
47 minutes -
We must put an end to cocoa politics – Victoria Bright
1 hour -
There is a cabal in electricity sector determined to rip off Ghanaians – Prof Agyemang-Duah
1 hour -
NSA pays January 2026 allowance to National Service Personnel
2 hours -
24-Hour Economy not just talk — Edudzi Tamakloe confirms sector-level implementation
2 hours -
Four arrested over robbery attack on okada rider at Fomena
2 hours -
NDC gov’t refusing to take responsibility for anything that affects Ghanaians – Miracles Aboagye
2 hours -
Parental Presence, Not Just Provision: Why active involvement in children’s education matters
3 hours -
24-Hour economy policy fails to create promised jobs – Dennis Miracles Aboagye
3 hours -
Ghana Embassy in Doha urges nationals to take shelter after missile attack
3 hours -
Government’s macroeconomic stability commendable, but we need focus on SME growth – Victoria Bright
3 hours -
Macro stability won’t matter without food self-sufficiency- Prof. Agyeman-Duah
4 hours -
How Virtual Security Africa is strengthening safety at Mamprobi Polyclinic
4 hours -
Ghana on right track macroeconomically, but structural gaps remain – Fred Dzanku
4 hours