Ghana’s Deputy Minister of Energy and Green Transition, Hon. Richard Gyan-Mensah, has urged investors to tap into the country’s thriving energy sector.
Speaking at the Ghanaian-German Economic Association Business Forum, he highlighted the sector’s vast potential, citing a growing electricity demand of 300 MW annually and petroleum product consumption exceeding 400,000 metric tons monthly.
Gyan-Mensah emphasized Ghana’s attractiveness as an investment destination, outlining the government’s transformational agenda centered on energy security, affordability, universal access, and regulatory predictability.
Key initiatives include constructing a second Gas Processing Plant, expanding storage facilities, and reinforcing electricity transmission lines.
“Ghana is a leading destination for energy investments in West Africa and beyond. Our transformational agenda in the energy sector is anchored on four cardinal principles: energy security, affordability, universal access, and regulatory predictability. In the petroleum sector, the construction of a second Gas Processing Plant with a capacity of 150-300 million standard cubic feet per day is under consideration.
“The country plans to construct a new offshore mooring facility in Tema and expand storage in Takoradi to accommodate growing demand, reduce congestion and demurrage, and guarantee a steady supply of petroleum products,” the Deputy Minister stated.
The Deputy Minister further noted that in the electricity transmission sub-sector, GRIDCo is reinforcing existing lines and building new ones to improve supply quality. He mentioned the government’s construction of a new 330 kV line and a new transmission line from Tamale through Bimbila to Kejebi, as well as the upgrade of the existing 69 kV Asiekpe-Ho line to 161 kV.
Hon. Gyan-Mensah also encouraged investments in renewable energy, reflecting the President’s vision of ‘Green Transition.’ “In implementing the National Energy Transition Framework, the Ministry is dedicated to increasing the proportion of non-hydro renewable energy from less than 3% to 10% by 2030 and continuing the construction of new mini-hydro dams to meet energy demand.
“For instance, the Ministry is rolling out 12,000 net-metered solar PV systems and 35 mini-grids. We are championing the Renewable Energy Authority Bill to promote renewable energy generation and investment, demonstrating our government’s commitment to Green Transition.”
Source:https://energynewsafrica.com
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