Ghana is seeking to phase out crude oil in its power generation mix, President John Dramani Mahama has said. This move is expected to be achieved with the planned development of a second gas processing train to expand domestic gas supply.
“We are going to put more gas on stream so we need a second train because our current plant in Atuabo cannot handle the extra gas,” the President mentioned. He believes replacing crude oil with natural gas will ease pressure on the energy sector, which has been plagued by high operational costs and mounting debts to independent power producers (IPPs).
“ENI are back, they are drilling again and early signs are that we might find considerable quantity of oil and gas. When that happens, we can eliminate crude oil in power generation completely in the next three to five years,” the President said at the 2025 Africa CEO Forum in Abidjan.
The President wooed investors to partner with the government in scaling up oil and gas infrastructure for long-term growth, stating that the current macroeconomic environment is stable and ripe for business. “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,” he said.
