Data, Infrastructure, and Leadership: The Pillars of Ghana's Upstream Competitiveness
At Africa Oil Week 2025, Ghana National Petroleum Corporation (GNPC) CEO Kwame Ntow Amoah delivered a compelling message to investors and policymakers: Ghana's competitive edge in the upstream sector hinges on more than just fiscal incentives. During a high-level panel on "Enhancing Competitiveness and Investment in Ghana's Upstream," Mr. Amoah outlined a strategy centered on geological certainty, infrastructure readiness, and leadership engagement.
Mr. Amoah emphasized that data-driven exploration is the foundational pillar. "Our competitiveness as an oil and gas province must be driven foremost by geological promise," he stated. "That clarity only comes through bold investments in data acquisition." He highlighted how the last licensing round revealed critical data gaps that diminished Ghana's attractiveness. In response, GNPC has proactively invested in acquiring its own multi-annual data sets, a move that is already generating significant investor interest in both offshore and onshore acreage.
Mr. Amoah also underscored the transformative power of gas infrastructure and the importance of regional collaboration, particularly through the African Petroleum Producers Organization (APPO). "Gas is even more transformative than oil," he noted, citing its ability to power industry, foster inclusive economic growth, and bolster energy security. This emphasis on infrastructure sharing and regional partnerships demonstrates a forward-thinking approach to maximizing the value of Ghana's natural resources.
Finally, the CEO called for a shift toward more flexible petroleum agreements. He advocated for contracts that can adapt to rapidly changing market conditions, striking a crucial balance between ensuring investor confidence and safeguarding national interests. The panel concluded that while fiscal terms remain important, Ghana’s long-term competitiveness will be defined by strategic policy reforms, aggressive data acquisition, shared infrastructure, and decisive leadership. This multi-pronged approach signals a mature and sophisticated strategy for positioning Ghana as a premier destination for upstream investment.