The Ghana National Gas Company Limited says it has recorded a 97 per cent increase in profit while pursuing initiatives to improve operational efficiency and commercialise gas currently being flared at its facilities.
Chief Executive Officer Judith Adjoba Blay disclosed the developments during a media engagement organised by the company at Alisa Hotel in Accra on Saturday, 17 October 2026.
Company highlights financial performance
Ms Blay said the company’s performance reflected its resilience and efforts to improve operational efficiency despite pressures associated with movements in the cedi-dollar exchange rate.
She explained that Ghana Gas earns revenue from gas processing and transportation services charged in US dollars, meaning exchange-rate movements can affect the cedi value of its earnings.
The CEO also highlighted an increase in gas processing volumes, noting that the company was handling more gas than previously.
However, further details on the reporting period, actual profit figures and the factors contributing to the reported 97 per cent increase are needed to provide a complete assessment of the company’s financial performance.
Plans to commercialise flared gas
Ms Blay also disclosed that Ghana Gas was exploring the commercialisation of gas currently being flared at its operational facilities.
She said studies had been conducted to assess the commercial potential of the gas, with the proposed initiative expected to involve capturing and processing it for possible commercial use.
According to her, the project could provide two benefits: reducing gas flaring and generating additional revenue for the company.
The initiative forms part of Ghana Gas’s wider efforts to improve environmental performance while identifying opportunities to make better use of available resources.
Environmental responsibility
The CEO said the company had established an Environmental, Social and Governance department to strengthen its approach to environmental and social issues.
She emphasised the importance of conducting gas operations responsibly and pursuing initiatives that support environmental sustainability.
The proposed commercialisation project will depend on technical and commercial assessments, the availability of suitable infrastructure and the identification of viable markets.
Details on the project’s investment requirements, expected gas volumes and implementation timeline are yet to be established from the remarks available.
Ghana Gas says operational efficiency, financial performance and environmental responsibility remain important elements of its wider strategy.
Story by : Belinda Anim-Piesie
