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
Cameroon awards five oil blocks to Murphy Oil and Octavia Four of nine blocks unassigned, reflecting cautious investor interest Deals enter...
Lotus Resources announced on Wednesday, April 29, the successful completion of the first phase of a drilling program at its Letlhakane uranium project...
President Félix Tshisekedi ordered the launch, within 30 days, of an audit covering the entire mining revenue chain, from physical shipments to...
Tullow plans six wells at Jubilee in 2026, with four coming online in months Ghana’s oil output has fallen for six straight years, with Jubilee...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
03

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
04

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
05

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
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.