The New Gas Processing Plant Will Save Ghana Close To $500 Million Every Two Years

The proposed Second Gas Processing Plant (GPP II), according to Finance Minister Dr. Cassiel Ato Forson, is a revolutionary project that will change the country’s energy landscape, generate employment, and save the economy hundreds of millions of dollars.

Speaking on Monday May 12 at the Ministry of Energy and Green Transition’s GPP II Implementation Committee inauguration, Dr. Forson claimed that Ghana’s excessive reliance on pricey liquid fuels to run its plants has become unsustainable and is costing the country more than $1 billion a year.

“Without the Atuabo Gas Plant, Ghana would have been in deep trouble. Today, we face a similar opportunity to secure our future,” he stated.

He said, the new Gas Processing Plant will save the country almost $500 million per two years, which will cover the project’s cost quickly and generate more than 1,000 direct and indirect jobs.

Together with John Abdulai Jinapor, Minister for Energy and Green Transition, the Finance Minister officially launched the technical committee that will supervise the project’s execution.

Dr. Forson charged the committee, chaired by the Deputy Minister for Energy, to deliver a comprehensive implementation plan within four weeks, stressing that the country could no longer afford delays in critical infrastructure delivery.

“This is too important for our country’s welfare and economic stability. Enough of the bureaucracy, let’s get it done,” he said.

Energy Minister John Jinapor also emphasised the urgent need for the project, lamenting that little progress had been made in developing additional gas processing infrastructure since the commissioning of the Atuabo Gas Plant.

He noted that Ghana’s growing gas deficit has left the country dependent on costly imported liquid fuels, increasing pressure on public finances and threatening energy security.

Once completed, the GPP II is expected to improve the supply of natural gas for power generation and industrial use, reducing the country’s reliance on liquid fuels and easing foreign exchange pressures. It is also projected to position Ghana as a regional energy hub over the medium to long term.

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At the ceremony, two key committees were inaugurated — a Technical Implementation Committee and a Communications and Social License Committee, the latter chaired by Deputy Presidential Spokesperson Hajia Shamima Muslim.

Industry analysts have welcomed the move, noting that the successful delivery of the GPP II could help stabilise power generation costs, improve reliability, and significantly boost investor confidence in Ghana’s energy sector.