Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, has hailed Ghana’s latest energy sector reforms as “transformative,” following the signing of two major gas supply agreements worth a combined $3.5 billion.
Speaking during a working visit by Vice President Professor Jane Naana Opoku-Agyemang to the Ministry of Energy and Green Transition, Dr. Jinapor said the deals represent a turning point for Ghana’s energy landscape, enhancing production capacity, lowering gas prices, and improving reliability across the power sector.
“So that we can have more reliable supplies, we’ve signed a $2 billion agreement with the Jubilee Partners. It will reduce our gas price from $3.10 to $2.50, increase gas consumption by another 70 million standard cubic feet, and also increase crude oil production. For me, this is a game changer,” Dr. Jinapor stated.
The $2 billion agreement with the Jubilee Partners has already received Cabinet approval and has been laid before Parliament for ratification.
In addition, the Minister revealed that a $1.5 billion agreement with the Sankofa Partners has also been secured, further boosting national gas supply, cutting costs, and expanding energy output.
Dr. Jinapor said these efforts are already translating into relief for consumers, citing significant reductions in fuel prices compared to previous years.
“Those of you who used to buy fuel during the NPP time, prices went as high as 23 cedis per litre. Today, under the administration of President John Dramani Mahama, you buy the same quantity for about nine cedis,” he noted.
He stressed that the success of the government’s energy reforms must ultimately be felt in the daily lives of ordinary Ghanaians.
“The ordinary Ghanaian wants to feel it in the pocket,” Dr. Jinapor said.
According to him, the combination of increased gas supply, expanded crude oil output, and fiscal discipline is setting Ghana’s energy sector on a more stable, affordable, and sustainable trajectory.
The Vice President’s visit formed part of ongoing government efforts to assess the impact of key energy policies and ensure alignment with Ghana’s long-term green transition and energy security goals.
