Search

Ghana strikes $2bn deal to extend Jubilee and TEN oil fields to 2040

Breaking News
© Allen Dreyfus
  • Deal allows 20 new wells in Jubilee field and boosts gas supply targets
  • Analysts say capital spending timeline could strengthen cedi, ease bond spreads

Accra, Ghana – Ghana has struck a key deal with major oil and gas players to extend production licences for its flagship Jubilee and TEN oil fields to 2040, unlocking up to $2 billion in new investments and potentially reshaping the energy landscape in West Africa.

Recent Business

Dr Johnson Asiama, Governor of the Bank of Ghana @ Facebook/BoG
Ghana cuts interest rates to 14% as inflation falls and growth strengthens
Read More »
Busy airport. Photo by Duc Van @ Unsplash
Africa tops global airline accident rates despite improved safety
Read More »
Overview of the Central Business District in Gaborone, Botswana. Photo by Justice Hubane @ Unsplash
Botswana inflation eases to 4.0% in February
Read More »

Recent Politics

Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Can Museveni’s leadership and a new funding model rescue East Africa from chronic cash crises?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
Read More »
Edwin Sifuna, Kenya's ODM secretary-general. Photo: Edwin W Sifuna/Facebook
Is Edwin Sifuna Kenya’s new Raila Odinga?
Read More »

Latest Posts

Latest news insights