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Energy Minister John Jinapor has pledged to strengthen regulatory stability in Ghana’s power and petroleum sectors, announcing the resumption of offshore drilling as evidence of growing investor confidence.

Speaking at the West Africa Mining and Power Expo in Accra, the Minister outlined ambitious plans to ensure reliable electricity for industrial growth while diversifying the nation’s energy mix.

“After a very long time, drilling activities have resumed in Ghana’s offshore basin,” Mr Jinapor told attendees at the Accra International Conference Centre on May 28.

“This certainly signals renewed investor confidence in Ghana’s upstream petroleum sector as government continues to implement additional measures to revitalize the industry.”

The Minister reiterated the critical importance of stable power supply, particularly for the mining sector: “I know that if power goes up or fluctuates even for a very brief moment, it can halt most, if not all, of these activities. It could even damage equipment and lead to costly delays.”

Jinapor outlined several key initiatives, including major infrastructure upgrades and policy reforms: “We are working to ensure that this regulatory certainty, predictability for investors involves the power and petroleum sector. With partners such as GridCo and VRA, we are investing in transmission upgrades and diversifying our energy mix with more renewables, gas to power era and promoting battery storage.”

The Minister revealed concrete steps being taken to improve power distribution: “I’ve granted approval to ECG, as a matter of urgency to inject about 200 new transformers in our major capital cities, in order to ensure that we do not just generate power, but we are able to transmit that power and distribute our power to consumers in an effective and efficient manner.”

Jinapor reported positive developments in generation capacity.

“Despite the challenges we inherited, recent reports that I get shows that power generation has been very stable, and we’ve even begun exporting some power. What we need to do is to continue to improve the transmission network and the distribution network.”

The Minister concluded with a call for collaboration and synergy to ensure that the mining and energy sector continue to support economic growth.

“As Minister responsible for that sector, it is my duty to ensure that we have a stable supply of power so that your machine can run optimally and efficiently.”

The announcement comes as Ghana seeks to position itself as a regional energy hub, with the three-day expo attracting thousands of mining and energy professionals from across West Africa.