IFC

Recent oil and gas discoveries in Ghana present a unique opportunity to boost economic growth and increase the prosperity of its people. With support from the World Bank Group, the Ghanaian government engaged with international private sector partners in the exploration, development and operation of world-class hydrocarbon discoveries in the Jubilee, TEN, and Sankofa fields. This study discusses observed impacts, potential implications, and likely growth scenarios linked to policy choices for the period 2015–2030 related to

(i) the development of the oil and gas fields;
(ii) the increased market share of gas-fired power generation fueled by production from the fields; and
(iii) the development of the upstream oil-and-gas value chain.