
Audio By Carbonatix
Ghana is beginning to reverse six consecutive years of declining crude oil production, with the Jubilee Field recently recording daily output of approximately 95,000 barrels of oil, Minister for Energy and Green Transition Dr John Abdulai Jinapor has disclosed.
Delivering the keynote address at the Ghana International Petroleum Conference (GhIPCon) 2026, the Minister said renewed investment, improved field management and stronger collaboration between government and upstream partners are beginning to restore growth in the country's petroleum sector.
"For six consecutive years, Ghana experienced a decline in crude oil production. Reversing this trend has therefore been a key priority of Government," Dr. Jinapor said.
He revealed that the Jubilee Field reached daily production of about 95,000 barrels only days before the conference, describing the achievement as one of the strongest production performances recorded in recent years.
"Just three days ago, the Jubilee Field recorded daily production of approximately 95,000 barrels of oil, a level of production we have not witnessed in a very long time," he stated.
The Minister also announced that gas production has increased by more than 50 million standard cubic feet (MMSCF) per day, further strengthening Ghana's energy outlook.
According to Dr. Jinapor, the gains demonstrate that targeted investments and supportive government policies are yielding results.
"This achievement demonstrates that with the sound policies, targeted investments, right business climate and strong partnerships, production decline can be reversed and our petroleum resources can continue to support national development," he said.
He noted that increased domestic crude production would provide the foundation for expanding local refining capacity and reducing Ghana's dependence on imported petroleum products.
Beyond production growth, the Minister called for sustained investment in strategic petroleum reserves, storage infrastructure, transportation networks and innovation to strengthen the resilience of Ghana's downstream petroleum industry.
He cautioned that countries could no longer rely on temporary interventions to guarantee energy security in an increasingly volatile global energy market.
"Resilience is not built in moments of crisis; it is built in the choices we make before the next crisis arrives. The investments we undertake, the policies we advance and the innovations we embrace today will determine how secure, competitive and prosperous Ghana's downstream petroleum industry becomes for generations to come," he said.
Dr. Jinapor expressed confidence that continued collaboration between government and industry would position Ghana as a leading energy hub in West Africa.
"Together, we can position Ghana as the energy and petroleum hub of choice in West Africa," he said.
Latest Stories
-
Accountant General’s Department dismisses claims that GH¢11bn has been spent on Accra-Kumasi expressway
2 minutes -
30 victims in Konongo crash remain in critical condition – Fire Service
8 minutes -
15 stocks recorded gains on GSE in June 2026
8 minutes -
FIFA could sanction Argentina over political Falklands banner after England victory
13 minutes -
Why public relations would say, “Let’s engage our staff before the information reaches the public”
17 minutes -
Mahama announces progress in Government’s efforts to restore Volta Star Textile Ltd
20 minutes -
Community banking has transformed financial inclusion in Ghana over five decades – BoG Governor
31 minutes -
CAGD denies spending GH¢11bn on Accra-Kumasi Expressway, says funds remain untouched
32 minutes -
Green for Change Ghana wins continental recognition for environmental sustainability and climate resilience, calls for greater investment to scale climate action
33 minutes -
Mahama cuts sod for flagship 24-Hour Economy model market at Juapong
34 minutes -
Vice President urges church to deepen role in national transformation
35 minutes -
KMA invites youth to apply for climate action grants under Bloomberg Initiative
36 minutes -
North East NPP chairmanship aspirant denies involvement in Bunkpurugu election court case
37 minutes -
British Steel taken into public ownership to protect ‘vital’ UK supply
38 minutes -
Ablawka is among my hardest-working ministers – President Mahama
41 minutes