Oil and Gas

Overview

Brief of the Oil and Gas industry development in Ghana 2021 (Tax and others)

Ghana’s Oil and Gas industry had a positive outlook despite the effects of the novel corona virus disease (COVID-19). This in part, was largely due to the measures taken by the government to allow the import of critical oil and gas workers into the country during the height of the crisis. The first licensing round which occurred in 2019, was a success and necessitated a second licensing round in 2020.

The second round however, failed to take place as scheduled due to the impact of COVID-19. There are currently three producing oil fields: Jubilee, Tweneboa, Enyenra, Ntomme (TEN) and Sankofa Gye Nyame (SGN).