• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 21, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Extractives/Energy

Joshua Narh: Ignoring Africa’s Oil Wealth Is Strategic Negligence

Prince Agyapongby Prince Agyapong
March 26, 2026
Reading Time: 5 mins read
Add as Preferred on Google
Joshua Batsa Narh

Joshua Batsa Narh

The conversation around Africa’s hydrocarbon development has taken a sharper turn following renewed volatility in global oil markets triggered by geopolitical tensions in the Middle East.

Executive Chairman of the Energy Chamber of Ghana and Director at Wingfield Group, Joshua Batsa Narh, has warned that Africa risks undermining its own development if it continues to sideline its hydrocarbon resources.

According to him, recent events have exposed the fragility of global energy systems and reinforced the strategic importance of oil and gas.

“There are moments when geopolitics exposes uncomfortable truths. The recent escalation in the Gulf did exactly that.”

Joshua Batsa Narh, Executive Chairman of the Energy Chamber of Ghana and Director at Wingfield Group

Mr Narh pointed to the strategic importance of the Strait of Hormuz, through which nearly 20 percent of the world’s traded crude oil passes.

ADVERTISEMENT

He explained that disruptions in the region quickly ripple across global markets, affecting everything from transport and electricity to food systems.

Such disruptions, he argued, demonstrate how tightly interconnected global energy supply chains remain and how vulnerable they are to geopolitical shocks.

Call for Pragmatic Energy Strategy in Africa

Asia hydrocarbons refinery bigstock

Against this backdrop, Mr Narh cautioned against calls for Africa to leave its hydrocarbon resources untapped in the name of climate action.

“If one disruption can move oil toward $100 per barrel, then asking Africa to leave hydrocarbons underground is no longer climate leadership. It is strategic negligence.”

Joshua Batsa Narh, Executive Chairman of the Energy Chamber of Ghana and Director at Wingfield Group

He emphasised that Africa’s energy realities differ significantly from those of developed regions, making a one-size-fits-all approach to energy transition impractical.

ADVERTISEMENT

With Africa accounting for about 18 percent of the global population but only around 6 percent of energy consumption and less than 3 percent of emissions, he argued that the continent’s development needs must take priority.

Mr Narh highlighted the scale of energy poverty across the continent, noting that hundreds of millions of Africans still lack access to reliable electricity and clean cooking solutions.

Around 600 million people remain without electricity, while approximately 900 million depend on biomass for cooking, a situation with serious health and environmental consequences.

ADVERTISEMENT

He also pointed to Africa’s limited refining capacity, which accounts for less than 4 percent of global capacity, as a major constraint on energy security.

“No serious development pathway closes this gap without hydrocarbons,” he said, stressing the role of oil and gas in powering industrialisation and economic growth.

Emerging Energy Projects Gain Strategic Importance

Ghana Oil
Ghana Oil

The evolving global energy landscape is also reshaping perceptions of Africa’s hydrocarbon projects, which are increasingly being viewed as strategic assets rather than marginal investments.

Mr Narh cited developments such as Namibia’s Orange Basin, Mozambique’s liquefied natural gas corridor, and offshore gas projects in Senegal and Mauritania as examples of the continent’s growing importance in global energy supply.

He noted that investors and governments are diversifying their energy portfolios in response to geopolitical risks, creating new opportunities for African producers.

These projects, he said, are no longer seen as frontier ventures but as integral components of a multipolar energy system.

Mr Narh also pointed to shifts in energy policy across advanced economies, particularly during the Russian invasion of Ukraine, as evidence of a more pragmatic approach to energy security.

During that period, Europe increased coal usage, the United States expanded oil production, and Asian economies accelerated liquefied natural gas imports to meet energy demand.

“Energy realism returned fast. But Africa is still expected to transition faster than regions that industrialised on hydrocarbons.”

Joshua Batsa Narh, Executive Chairman of the Energy Chamber of Ghana and Director at Wingfield Group

He argued that Africa’s transition pathway should reflect its unique development context, combining hydrocarbons with renewable energy and infrastructure investments.

Balancing Development and Energy Transition

Nigeria’s Energy Sector
Energy Sector

Mr Narh emphasised that Africa’s energy future should not be framed as a choice between fossil fuels and renewables.

Instead, he advocated for a balanced approach that integrates oil, gas, renewable energy, refining capacity, and regional power systems.

“This is not a contradiction. It is development sequencing,” he explained, adding that energy transitions must be financed through the very resources they seek to replace.

He maintained that hydrocarbons will play a crucial role in funding Africa’s transition to cleaner energy systems while supporting industrial growth and job creation.

As global energy markets remain volatile, Mr Narh called for strong leadership to unlock Africa’s hydrocarbon potential in a responsible and sustainable manner.

He stressed that developing these resources responsibly will enable African countries to build resilient energy systems while preparing for a cleaner energy future.

For policymakers, the message is clear: Africa must chart its own path, balancing immediate development needs with long-term sustainability goals in an increasingly uncertain global energy landscape.

READ ALSO: UN Adopts Ghana’s Resolution Declaring Slavery Gravest Crime

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Africa hydrocarbon developmentEnergy Chamber of GhanaGlobal oil pricesJoshua Batsa NarhMiddle East oil crisisOil and gas AfricaStrait of Hormuz
ShareTweetShareSendSend
Please login to join discussion
Previous Post

UK Appoints David Reed as Trade Commissioner for Eastern Europe

Next Post

Ato Forson Leads in NDC 2028 Poll Race

Related Posts

Proposed Hub Plan
Extractives/Energy

Ghana Nears Landmark Petroleum Hub Agreement.

July 21, 2026
Power Lithium Battery
Extractives/Energy

Power Lithium Battery Recycling Market Growth Accelerates Toward 2035

July 21, 2026
Edward E. Obeng-Kenzo, Chief Executive Officer, Volta River Authority
Extractives/Energy

VRA Targets Smarter Power Systems for 24-Hour Economy

July 20, 2026
AngloGold Ashanti
Extractives/Energy

AngloGold Ashanti, Perenti Reaches Agreement over Mine Contract

July 20, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Honourable Nana Agyei Baffour Awuah

Wontumi’s 20 Year Sentence Devastates NPP Supporters, Manhyia MP Says

July 21, 2026
Trump Tax Bill To Widen Deficits By $2.8T After Factoring In Economic Impacts

Trump Imposes 50% Tariffs On Canada

July 21, 2026
Richard Kumadoe, Security Consultant and former Intelligence Officer

EOCO Not Obliged to Announce Arrests, Security Consultant

July 21, 2026
Image 54 1

Burnham Opens Premiership With Plan to Rebuild Britain

July 21, 2026
Party Supporters at EOCO Premises

Protests at EOCO Premises over Arrest Are Unlawful Assembly, Expert

July 21, 2026
ADVERTISEMENT
Next Post
GIA @NDC 2028 Polls 4

Ato Forson Leads in NDC 2028 Poll Race

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.