The Ghana Investment Promotion Centre (GIPC) has welcomed the government’s decision to extend the Jubilee and TEN oilfield agreements until 2040, describing it as a positive step for the country’s energy sector and overall investment climate.
According to the GIPC, the extension provides long-term certainty for investors in Ghana’s oil and gas industry, encouraging continued exploration, production, and capital inflows. The agreements, which govern operations in two of Ghana’s most productive offshore oilfields, are expected to boost revenue generation, create jobs, and enhance local content participation.
GIPC officials emphasized that this move signals Ghana’s commitment to fostering a stable and predictable environment for both domestic and foreign investors. They noted that it aligns with broader efforts to attract strategic investments that support economic growth and energy security.
The Centre also highlighted that the extension will enable oil companies to plan and implement large-scale projects with confidence, while providing the government with steady long-term revenue to fund development initiatives.
“This is a strong endorsement of Ghana’s position as a reliable and investor-friendly destination in the petroleum sector,” the GIPC stated, reaffirming its dedication to facilitating investment across key industries.
