• Ghana promotes energy-efficient solutions through public-private partnerships
• New investment program launched with TCL for high-performance appliances
• Regulatory reforms aim to ease costs for industries hit by high electricity prices

Ghana is positioning energy efficiency as a key pillar of its industrial development strategy. Local media reported on June 23 that the government plans to promote energy-efficient solutions by encouraging public-private partnerships.

This approach was highlighted on June 20 during the launch of a green investment program in Accra involving TCL, a company that produces high-performance household appliances.

Beyond this initiative, one of Ghana’s main challenges remains improving the business environment for energy-intensive industries. The government plans to introduce targeted regulatory and tax reforms to attract more investment in manufacturing, mining, and agribusiness.

Authorities also announced the rollout of a unified, transparent regulatory framework designed to simplify administrative procedures and give investors more predictability. The new framework will align with energy standards set by the Economic Community of West African States (ECOWAS).

In 2023, electricity tariffs in Ghana rose by 19% for industries and 34% for households, according to Enerdata. The average electricity price reached $132.72 per megawatt-hour, up 28% compared to 2022. The country’s energy mix remains dominated by costly thermal sources, which account for 66% of electricity generation and are vulnerable to global fuel price swings.

For manufacturers and agribusinesses, high energy costs are a major obstacle. In some parts of the agro-processing sector, energy represents a significant share of operating expenses, especially for drying or processing activities.

Ghana hopes to link its energy transition to a sustainable industrial growth strategy. The real test will be whether the improved business environment is enough to drive new investments in the short and medium term.