The Ghana National Petroleum Corporation (Ghana National Petroleum Corporation) has cautioned that planned investments worth about US$3.5 billion in the country’s gas sector will not be enough to satisfy Ghana’s projected gas demand by 2030.
This warning was issued by the Deputy Chief Executive Officer of GNPC, Hamis Ussif, during discussions at the West Africa Gas Forum held in Accra.
According to him, while ongoing and planned projects backed by industry partners are expected to significantly improve domestic gas output, Ghana will still face a supply deficit within the next decade.
He stressed that the country would continue relying on Liquefied Natural Gas (LNG) imports to stabilise energy supply and support power generation.
“Even with the roughly US$3.5 billion investment commitments from our partners, Ghana will not fully meet its gas consumption needs by 2030. LNG imports will still be necessary to bridge the gap and ensure energy security,” he explained.
GNPC says it is adopting a dual strategy: expanding local gas production while maintaining LNG imports to support electricity generation, industrial activity, and broader energy security needs.
Mr. Ussif also revealed that the corporation is actively seeking strategic investors to develop the Voltaian Basin, which he described as one of Ghana’s most promising untapped onshore oil and gas regions. If successfully developed, it could become the country’s first major onshore petroleum production area.
He added that unlocking new hydrocarbon resources remains central to GNPC’s long-term plan to reduce supply constraints and strengthen Ghana’s energy independence.
