Accra: The Ghana National Petroleum Corporation (GNPC) has marked four decades of operations with a renewed focus on restoring petroleum production growth, expanding gas commercialisation, advancing exploration, and strengthening its capacity to take on a greater operatorship role. The Corporation outlined these priorities at its third Annual General Meeting, held at the Labadi Beach Hotel in Accra on the theme, '40 Years of Resilience.'
According to Ghana News Agency, the meeting brought together GNPC's Board and Management, the Minister for Energy and Green Transition, representatives of Government, subsidiary leadership, operating partners, and other stakeholders to review the Corporation's 2025 performance and its direction for the year ahead. Prof. Joseph Oteng-Adjei, GNPC Board Chairman, highlighted the Corporation's four-decade journey, evolving from laying the foundation of Ghana's petroleum industry to promoting upstream investment and advancing operatorship.
Prof. Oteng-Adjei reiterated the Board's focus on positioning GNPC for its next phase of growth, providing strategic oversight to Management in advancing priorities, including arresting oil production decline and accelerating gas commercialisation. The Corporation's 2025 performance reflected both the challenges confronting Ghana's upstream petroleum sector and GNPC's efforts to respond to them.
Ghana recorded its fifth consecutive year of declining crude oil production in 2025. Against that backdrop, GNPC worked with its operating partners on targeted interventions across the Jubilee, TEN, and Sankofa Gye Nyame fields to stabilize production. Average daily crude oil production from the three producing fields stood at 102,199 barrels per day, while gas exports for domestic use reached approximately 336 MMscf/d, surpassing the annual target.
Financial performance also improved, with Group revenue increasing by 3.66 percent to US$1.64 billion. Gas revenue reached US$952.38 million and accounted for 65.6 percent of standalone revenue, confirming the growing importance of gas commercialisation to GNPC's financial performance.
Mr. Kwame Ntow Amoah, Chief Executive of GNPC, stated they had responded to the difficult operating environment with targeted interventions aimed at the immediate challenges facing the sector. He mentioned that the results of those interventions began to show in the second half of 2025, with the steep decline in production being slowed.
A significant development during the period was the extension of three Petroleum Agreements, unlocking US$3.5 billion in investment over the next three years. This reinforced efforts to sustain upstream activities and support future production. GNPC also recorded progress in expanding Ghana's future resource base, with the Eban-Akoma discoveries achieving a declaration of commerciality.
Dr. John Abdulai Jinapor, the Minister for Energy and Green Transition, commended the Corporation's performance but emphasized the necessity for the petroleum sector to move beyond resilience towards renewed investment and production growth. He identified opportunities in several fields and reaffirmed Government support for strengthening GNPC's operatorship capability.
Beyond its core petroleum operations, GNPC invested US$6.57 million in Corporate Social Investment programmes during 2025, covering education, healthcare, skills development, community infrastructure, and more. The Corporation also continued efforts to strengthen its ESG framework and reporting practices, promoting good governance and responsible stewardship of Ghana's petroleum resources.