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West Africa Poised for $80 Billion Oil & Gas Boom, Driven by Ghana's Exploration Push, Report Says

West Africa Poised for $80 Billion Oil & Gas Boom, Driven by Ghana's Exploration Push, Report Says

Sputnik Africa

West Africa Poised for $80 Billion Oil & Gas Boom, Driven by Ghana's Exploration Push, Report Says The region's oil and gas market is projected... 19.10.2025, Sputnik Africa

2025-10-19T13:22+0200

2025-10-19T13:22+0200

2025-10-19T13:24+0200

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West Africa Poised for $80 Billion Oil & Gas Boom, Driven by Ghana's Exploration Push, Report Says The region's oil and gas market is projected to grow at an annual rate of 6.5% by 2033, according to a new report by British professional services company Deloitte.This growth is significantly fueled by increased exploration in Ghana, which, along with Nigeria, is expected to account for 20% and 60% of the market value respectively, the the West Africa Oil and Gas Outlook said. At the same time, the region faces challenges balancing energy demand with climate goals and infrastructure development, making the next decade crucial for converting hydrocarbon wealth into sustainable development, the report noted.Subscribe to @sputnik_africa Sputnik Africa | X

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