Ghana's importance has grown in the region, as well as globally, given its status as one of Africa's leading gold producer, its recent discovery of oil, strengthening domestic institutions and its large market size, which provides businesses with opportunities to take advantage of economies of scale and scope. Specifically, Ghana's oil and gas sector is of growing importance.
As a largely untapped market, it stands to gain from the best practice experience of other small oil-producing countries. West Africa's emerging regional oil and gas market means that Ghana can tap into future growth in demand in the regional petroleum products market. Moreover, the success of any gas‑to-power projects would stimulate other sectors of the economy.
