The Petroleum Commission has successfully hosted the Ghana Upstream Petroleum 2025 Business Outlook Workshop in Takoradi, convening upstream companies to discuss sector prospects and opportunities in the upstream petroleum landscape. The hybrid format event of in-person and virtual participation featured an agenda encompassing key thematic areas: exploration, development, production, decommissioning, local content, and procurement opportunities.
In her opening remarks, Ms. Agatha Enos Armah, Head of Business Advisory and Enterprise Development (BAED) at the Petroleum Commission urged companies to continuously build capacity, improve delivery standards, and align with the best industry practices.
On his part, Mr. Kwaku Boateng, Director of Economics and Local Content, emphasized the strategic importance of aligning investment inflows with local value creation: “Policy coherence, regulatory efficiency, and targeted local content development are central to our vision for a resilient sector.”
Mr. Nasir Alfa Mohammed, Deputy Chief Executive Officer of the Commission reaffirmed the Commission’s commitment to fostering an enabling regulatory environment: “Our mandate is clear—to ensure that Ghana’s upstream petroleum industry remains attractive, competitive, and inclusive for both investors and local stakeholders.” Subsequent technical presentations highlighted the sector’s operational outlook.
Ms. Nana Ayebea Larbi delivered insights on exploration and appraisal prospects, while Mr. Fiifi Nyarko Otoo addressed development, production, and decommissioning strategies. Mr. Ebenleslie Baffoe-Bonnie with the HSE Department underscored the Commission’s proactive stance on operational safety and regulatory compliance, whilst Mr. Kwadwo Boateng, provided a comprehensive economic outlook projecting a modest but resilient growth.
Mr. Kwabena Odame Ofori-Ntow outlined compliance requirements under the Local Content Regulations. Ms. Kuukua Crentsil focused on procurement and contracting opportunities available to indigenous Ghanaian companies. On the Local Content Fund, Ms. Amanda Amanfo provided further clarity on the Local Content Fund, emphasizing its strategic role in empowering indigenous businesses.
A major highlight of the workshop was the segment led by Ms. Stella Akwerh, Legal Counsel from the Office of the Registrar of Companies, who presented a practical guide to business registration and compliance under the Companies Act, (Act 992), aimed at simplifying administrative procedures for new and existing operators.
Industry Players Converge to Discuss Upstream Petroleum Business Outlook for 2025
