By Joel Sanco
Copyright yfmghana
Acting Ghana National Petroleum Corporation (GNPC) Chief Executive Officer, Kwame Ntow Amoah, has reiterated Ghana’s commitment to building self-sufficiency and advancing technology in the oil and gas industry through stronger African collaboration.
Speaking at the 7th African Petroleum Producers’ Organization (APPO) National Oil Companies CEOs Meeting in Accra, Mr. Amoah stressed the need for African nations to take ownership of their energy future.
“It is essential that we work together to build our own technology. Finance is also critical, and that’s why APPO has established the Africa Energy Bank, which will provide a basis for financing some of the projects we have in Ghana as well,” he said.
The Africa Energy Bank (AEB), created by APPO in partnership with the African Export-Import Bank (Afreximbank), has been capitalized at USD 5 billion to support oil, gas, and energy projects across the continent. It operates as a private-sector-led, supranational institution, with APPO and Afreximbank as majority shareholders.
Ghana has already contributed over 25 percent of its $83 million subscription, amounting to about $20 million. Mr. Amoah urged other APPO member states to fulfill their commitments, stressing that access to AEB financing would be vital for Ghana’s critical energy projects.
The two-day summit, held alongside Africa Oil Week 2025, brought together CEOs and senior executives from 19 African oil-producing countries. Discussions focused on shared infrastructure, local content, innovation, and investment opportunities, positioning Ghana at the center of Africa’s energy transition.
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