Ghana Poised for Energy Dominance, Says African Energy Chamber Chief.
Ghana Poised for Energy Dominance, Says African Energy Chamber Chief.
Ghana Poised for Energy Dominance, Says African Energy Chamber Chief.
Ghana is set to become a major player in Africa’s energy sector, according to Angel Ayuk, Executive Chairman of the African Energy Chamber. Speaking at a recent event attended by Ghana’s Deputy Minister of Energy, Ayuk expressed optimism about the country’s potential for energy dominance, not just in West Africa but across the continent.
Key Highlights: 17 Projects by 2027: Ayuk revealed plans for 17 energy projects to be completed by 2027, solidifying Ghana’s position as a leader in Africa’s energy sector. 
Investment Opportunities: Ghana is open for business, with vast opportunities for investment in oil and gas, as well as renewable energy sources like solar and wind power. :Ghanaian First Strategy:
Angel Ayuk, emphasized the need for a “Ghanaian first strategy” that prioritizes local benefits and invites international investment.
Energy Transition and Investment Plan
Ghana has launched a $550 billion Energy Transition and Investment Plan, aiming to achieve net-zero energy-related carbon emissions by 2060. The plan
Renewable Energy Targets: Aims to increase renewable energy mix to 10% by 2030, leveraging solar, wind, and hydroelectric power.
Job Creation: Expected to generate 400,000 net jobs within Ghana’s economy. Low-Carbon Solutions: Focuses on deploying low-carbon solutions across key sectors, including oil and gas, industry, transport, cooking, and power.
Challenges and Opportunities: While Ghana has made progress in renewable energy development, challenges persist, including. :Infrastructure Upgrades: Aging energy infrastructure requires modernization to support renewable energy integration.
Financing and Investment: Securing financing for renewable energy projects remains a challenge, with innovative financing mechanisms needed.
Public Awareness: Public education campaigns are necessary to promote the benefits of renewable energy and shift perceptions.
Story by Fada Amakye from Daily Sun news paper
