Ghana’s 2026 Budget positions the energy sector as a pivotal element in the nation’s economic transformation, emphasising financial stability, the expansion of renewable energy, and a dependable power supply.
Finance Minister Dr Cassiel Ato Forson revealed that the government’s Energy and Green Transition Programme is designed to deliver sustainable electricity to households, industries, and exports, thereby serving as a crucial catalyst for national growth.
Highlighted key interventions include the ongoing Energy Sector Recovery Programme (ESRP), the Cash Waterfall Mechanism, and specific measures aimed at settling legacy debts owed to Independent Power Producers (IPPs). These reforms are anticipated to restore investor confidence, stabilise the operations of the Electricity Company of Ghana (ECG), and enhance efficiency throughout the power value chain.
In accordance with Ghana’s climate commitments, the government intends to elevate renewable energy generation to 15 per cent by 2030, bolstered by initiatives such as the Bui Solar Expansion, Akonor Solar Park, and off-grid mini-grid systems in Northern Ghana. These projects are intended to support industrial electrification and facilitate the 24-Hour Economy initiative by ensuring a consistent power supply.
The Green Jobs and Skills Programme, managed by the Ministry of Energy and Employment, is equipping thousands of young Ghanaians with training in solar assembly, installation, and maintenance, thereby cultivating a skilled workforce for the burgeoning energy sector.
Dr Forson underscored that stabilising the energy sector, broadening renewable energy sources, and fostering local expertise will enhance industrial productivity, lower operational costs, and establish a sustainable energy foundation for Ghana’s long-term economic development.
