News Industry

Ghana Accelerates Implementation of Energy Transition Plan

Ghana Accelerates Implementation of Energy Transition Plan
Tuesday, 28 October 2025 03:42
  • Ghana targets carbon neutrality by 2070 under a $550 billion transition plan. 
  • Renewables represent less than 2% of the energy mix while fossil fuels exceed 60%.
  • The plan expects to create about 400,000 jobs by 2060.

Ghana advances its path toward carbon neutrality by 2070 under the National Energy Transition Plan (2022–2070). The government aims to increase the share of renewable energy in the national mix. Electricity access reached 86% in 2023.

Authorities accelerate the implementation of the Energy Transition and Investment Plan (ETIP), launched in September 2023 by former President Nana Akufo-Addo during the United Nations General Assembly. Government officials confirmed the progress on Friday, October 24, in reports published by the Ghana News Agency.

The Ministry of Energy developed the plan in partnership with Sustainable Energy for All (SEforALL). The initial phase prioritizes electricity, transportation and clean cooking.

The Ministry of Energy, led by Matthew Opoku Prempeh, coordinated regional consultations with private sector players, local governments and civil society. The plan outlines key actions such as rural solar electrification, the use of natural gas as a transition fuel and the phased deployment of electric buses in public transport.

ActionAid Ghana reports that fossil fuels still account for more than 60% of the national energy mix, while renewables contribute less than 2%. Authorities commit to raising the share of clean energy. Prempeh said during the launch in September 2023 that the plan represents “a transformative opportunity to build a low-carbon economy that creates jobs and sustainable industrial growth.”

Ghana aims to reduce CO₂ emissions by 200 million tonnes by 2060 under its Paris Agreement commitments. The country has a solar potential of 35,000 MW, according to the National Energy Transition Framework published in 2023 by the Ministry of Energy and the Energy Commission of Ghana.

The $550 billion plan expects to create around 400,000 jobs by developing local value chains in solar energy, low-carbon hydrogen, clean cooking technologies and electric mobility. The World Bank and SEforALL support these efforts.

Authorities acknowledge that financing remains the main obstacle. They expect most capital to come from private and international investors because public fiscal space remains limited.

The plan also calls for modernization of the national grid and a just transition for workers and communities dependent on fossil fuel industries. Experts cite in a November 2023 GasOutlook analysis the need for clearer tax incentives and more inclusive governance.

This article was initially published in French by Abdel-Latif Boureima

Adapted in English by Ange Jason Quenum

On the same topic
Madagascar lifts 2010 suspension on mining permit issuance Move follows 2023 mining code, aims to boost investor clarity 1,650 permit...
Nigeria awards first floating solar project, 7-MW plant at UNILAG Contract goes to CCECC; cost, financing and timeline undisclosed Project...
CEI Africa and Energise Africa mobilized $2.9 million to finance nine rural solar mini-grids in Benin. The projects will supply continuous...
Morocco’s legal cannabis sector continues to expand five years after legalization, supported by rising private investment. Family-owned Cannablanca...
Most Read
01

The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...

South Africa’s BoxCommerce Partners with Mastercard on SME Fintech Solution
02

Circular migration is based on structured, value-added mobility between countries of origin and host...

Circular migration as a lever to turn Africa’s student exodus into value
03

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
04

BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitiz...

BRVM Lists Burkina Faso’s First Securitization Fund Bonds
05

President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...

Nigeria approves targeted incentives to speed up Shell’s Bonga South West project
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.