Ghana Takes Step Towards Nuclear Energy with Stakeholder Engagement

The Ministry of Energy and Green Transition, in collaboration with Nuclear Power Ghana (NPG), held a stakeholder engagement on June 24, 2025, in Accra, to discuss the draft Bill for Nuclear Power Ghana Limited (NPGL).

The event brought together industry leaders, policymakers, and media practitioners to share their views and input on the draft legal framework.

Government's Commitment to Nuclear Power

Deputy Minister of Energy and Green Transition, Richard Gyan Mensah, reaffirmed the government's support for renewable energy options, including nuclear power. He cited the benefits of nuclear power plants in operating countries' economies and emphasized the need for Ghana to explore this option to meet its increasing electricity demands, driven by population growth and the government's 24-Hour Economy Policy.

Progress Made So Far

Mensah highlighted the progress made in Ghana's nuclear power development project, including the completion of Phases One and Two, site selection, and vendor engagement. He emphasized the importance of transparency and accountability in the drafting process and encouraged participants to identify gaps and make proposals to shape the Bill for the country's good.

Nuclear Power's Potential

The Board Chairman of the Electricity Company of Ghana (ECG), Ing. Dr. William Amuna, emphasized nuclear power's potential to revolutionize Ghana's energy landscape. He noted that nuclear power would reduce reliance on fossil fuels, improve the economy, sustain the environment, drive industrialization, promote technological advancement, and enhance access to electricity.

Safety and International Compliance

Dr. Amuna stressed the importance of safety and international compliance, stating that the NPGL draft Bill would be grounded in strict adherence to International Atomic Energy Agency (IAEA) safety standards, cutting-edge technologies, and international best practices. He called on the drafting committee to uphold national interest and urged participants to contribute meaningfully to the discussion.

Comments

Fitch Solutions retains 2025 growth rate projection at 4.2%

Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...

Kofi Ahovi

Search This Blog