Thursday, 04 December

Ghana unveils US$3.4 billion plan to become continental leader in renewable energy

Business
John Jinapor

Ghana is positioning itself as a continental powerhouse in clean energy, unveiling an ambitious US$3.4 billion renewable energy investment plan aimed at transforming the country’s energy landscape over the next five years.

Minister for Energy and Green Transition, John Abdulai Jinapor, announced the initiative on Wednesday at the 3rd Renewable Energy Forum Africa (REFA 2025) in Accra, highlighting the central role of private-sector participation in achieving the plan’s goals.

“We have taken bold and decisive actions to develop our renewable energy sector for economic prosperity,” the Minister said.

The five-year roadmap focuses on installing 1,400MW of renewable energy capacity, deploying 400 mini-grids, establishing over 100 fast-charging stations, and accelerating solar-powered water pumping to support agricultural productivity.

Mr. Jinapor also showcased Ghana’s progress in renewable energy development, noting that the country currently hosts Africa’s largest single rooftop solar installation of 16.8MW.

He added that President John Dramani Mahama recently inaugurated a 200MW solar plant, which is set to expand to 1,000MW by 2032.

The Minister underscored Africa’s untapped potential in renewable energy, pointing out that the continent possesses 60% of the world’s solar resources yet continues to face widespread energy poverty.

“A continent blessed with abundant solar potential cannot afford to remain shackled by energy poverty.

This is unacceptable,” he said.

He called on African governments, investors, and industry leaders to collaborate in harnessing renewable resources.

“If we work together to utilise just 20% of our renewable energy potential, we can eradicate energy poverty and drive sustainable development across the continent.”

 

The US$3.4 billion plan signals Ghana’s determination to lead Africa’s clean energy transition while leveraging its natural resources for economic growth and sustainable development.

Source: Classfmonline.com/Cecil Mensah