Business News of Sunday, 14 September 2025

Source: www.ghanaweb.com

Africa ripe for capital as Shell, Chevron target Ghana - John Jinapor

Minister of Energy, John Abdulai Jinapor (third left) in a group photo at the Gastech Conference Minister of Energy, John Abdulai Jinapor (third left) in a group photo at the Gastech Conference

The Minister of Energy and Green Transition, John Abdulai Jinapor, has declared Africa as the world’s next frontier for economic growth and investment, urging global investors to act swiftly or risk missing out.

Speaking at the Gastech Conference, he stressed that Africa is no longer a speculative venture.

According to him, sweeping policy reforms, regulatory enhancements, and financial sector development are clear indicators of the continent’s growing stability and investor readiness.

Jinapor highlighted Africa’s youthful population, accelerating industrialisation, and abundant natural resources as compelling reasons for increased investment.

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“Whether you like it or not, Africa is the next phase of investment. Africa is the final destination. We’ve proven that we have the resources, we have a bubbling youth population, industrialisation is picking up in Africa, but more importantly, we are reforming our economies, in terms of policies, regulations, and the development of our financial sector, to ensure predictability and certainty,” he said.

He added that these are precisely the conditions investors look for before committing capital, and they are now taking shape across the continent.

Jinapor also announced a series of strategic partnerships and investment interests in Ghana’s energy sector, adding that Shell is entering the Ghanaian market, while Chevron has signaled strong interest.

“And for me, those are the key ingredients that investors want to see before they invest in an economy. And that is happening in Africa now. If we take Ghana, we’ll sign an MoU with Kosmos, we are signing an MoU with Eni, Shell is coming to Ghana, and Chevron has expressed interest,” he noted.

“If you’re an investor and you don’t hurry up, by the time you think of coming to Africa, the game might have been shot,” Jinapor stressed.

His remarks come amid a wave of optimism across the continent, as governments and the private sector align to unlock Africa’s vast potential, spanning natural resources, renewable energy, digital infrastructure, and manufacturing.



SA/MA

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