The Ministry of Energy and Green Transition has announced that Ghana will need approximately $562 billion to fully achieve its energy transition goals by 2070, as the nation finalizes plans for a nuclear power initiative, with construction anticipated to commence by 2027.
The Energy Ministry highlighted various ongoing projects, such as solar mini-grids for island communities and the establishment of 33 new mini-grids, as indicators of Ghana’s consistent advancement.
During a stakeholder engagement on Ghana’s Energy Transition Framework held on Wednesday, May 21, in Accra, Dr. Robert Sogbadji, the Deputy Director for Renewables and Green Emerging Technologies at the Energy Ministry, emphasized the significance of the 33 new solar mini-grids for island communities and other renewable projects.
“Currently, Ghana is fully committed to following our energy transition framework. We have achieved over 89% electricity access.
The energy transition must be a nationwide effort, involving all regions and District Chief Executives. It is essential to raise awareness so that any activities or projects undertaken also consider the energy transition.
We require around $562 billion to complete this transition by 2070. This funding will not solely come from the government; it will also involve the private sector, development partners, and multinational development banks to ensure a smooth transition,” stated Dr. Robert Sogbadji.
