Increased oil production in Ghana is boosting energy sector revenues and helping shore up finances after three years of sluggish economic growth and persistent budget shortfalls.
Increased oil production in Ghana is boosting energy sector revenues and helping shore up finances after three years of sluggish economic growth and persistent budget shortfalls.
The start of new gas production in Ghana has significantly improved the prospects for long-term growth in the country, although efforts to exploit domestic reserves for local power generation faced a minor setback earlier this year.
New capacity and improved supplies of feedstock could mark the end of load shedding in Ghana, spelling good news for manufacturing and service industries alike.
In spite of broader global headwinds, the oil and gas industry in Ghana is targeting a substantial increase in production over the coming years.
An ambitious programme to hike electricity generation has been launched in Ghana to help alleviate the frequency of blackouts, with a particular focus on expanding the role of the private sector.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×