At the 2025 Africa CEO Forum in Abidjan, President John Dramani Mahama made a strong appeal to global investors to return to Ghana’s oil and gas sector, describing the country’s economic recovery as a new gateway to high-yield opportunities in energy.
Speaking on the theme “Oil and Renewable Energy, a Dual Bet for Ghana’s Future,” President Mahama underscored Ghana’s renewed economic stability and emphasized the untapped potential in both upstream and midstream segments of the petroleum value chain.
“The oil and gas sector was toxic. I don’t know for what reasons but I think governments have not prioritised the sector. But I will lay a red carpet for anyone who wants to drill and pump in Ghana. So the investors should come,” he stated, signaling an open-door policy to investors amid ongoing reforms.
With a keen focus on energy-sector turnaround, Mahama outlined his administration’s pragmatic steps to restore investor confidence particularly in resolving a $2.5 billion debt burden inherited from previous administrations.
“We met a messed-up energy sector with debts of almost $2.5 billion owed Independent Power Producers, gas suppliers, and everybody. What the previous government started, we are continuing. We have been trying to renegotiate the debt and see how we can ring-fence it. We have some strategies for dealing with it.” Mahama noted.
He assured stakeholders of swift progress, adding, “by the end of the year or early next year, we should be able to make everybody happy in terms of dealing with that debt.”
Accompanied by a senior delegation of ministers and economic strategists, the president participated in targeted boardroom meetings to secure partnerships that align with Ghana’s energy and infrastructure goals.
