Skip to main content

Ghana to hit 35% renewable energy integration by December

 




The government has reaffirmed its commitment to clean energy, stating that Ghana is on course to achieve 35% renewable energy integration into the national electricity generation mix by the close of this year.

Energy and Green Transition Minister John Jinapor disclosed this at the Africa Oil Week Summit, where he underscored the importance of diversifying the country’s energy sources while continuing to explore hydrocarbons.

Ghana is deeply committed to promoting renewable energy as a core component of its sustainable development agenda. We recognize the importance of diversifying our energy mix to reduce reliance on one particular source, such as fossil fuels, whilst minimizing environmental pollution and ensuring energy security for all citizens,” he said.

The Minister further highlighted President John Mahama’s decision to expand the ministry’s mandate to cover green transitions, describing it as a bold move to entrench environmental responsibility in Ghana’s energy policy.

“In this regard, President Mahama decided to change the mandate of my ministry by including green transitions as a core component of our mandate, which aims to emphasize Ghana’s commitment to sustainable development and environmental responsibility,” he explained.

Jinapor noted that Ghana’s hydroelectric potential continues to play a vital role in the transition process, adding that the country is on track to surpass its set targets.

Inclusive our hydro capacity today I can boast that Ghana is on course to achieving 35% renewable energy in it overall electricity generation mix by the end of this year,” he said.

The shift towards renewable energy is expected to strengthen energy security, reduce dependency on fossil fuels, and align Ghana with global climate action goals.

Comments

Popular posts from this blog

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...