Ghana signs $2 billion gas deal to lower prices and boost domestic consumption

The government of Ghana has signed a $2 billion agreement with the Jubilee Partners aimed at reducing gas prices and increasing domestic gas consumption, Energy and Green Transition Minister John Jinapor has disclosed.
The announcement came during a visit by Vice President Professor Jane Naana Opoku Agyemang to the Ministry of Energy and Green Transition on Monday, 27 January, 2026.
According to Minister Jinapor, the agreement, which has already received Cabinet approval, will soon be submitted to Parliament for ratification.
“We have also signed a 2-billion-dollar agreement, which the cabinet has approved, and we are taking it to Parliament. It will reduce our gas price from $3.1 to $2.5. It will increase our gas consumption and increase crude oil production,” Jinapor said.
He also disclosed that the ministry has reached another major deal with the Sankofa Partners, aimed at further strengthening Ghana’s energy sector.
“We have also signed another $1.5 billion with Sankofa partners, and that is expected to increase gas, reduce price, and increase production,” he added.
These agreements are part of the government’s broader strategy to stabilise energy supply, lower production costs, and enhance oil and gas output, supporting Ghana’s ongoing energy transition and economic growth.