Ghana’s advancing energy transition and the investment opportunities that new developments are producing across the renewables segments topped the agenda at Renpower Ghana 2023, a key industry conference which took place on March 1, at the Labadi Beach Hotel in Accra.

Held under the banner “Targeting a double-digit growth for renewable energy capacity”, and organised by Euroconvention Global, the event was attended by over 80 representatives from the public and private sectors, and supported by several businesses, including Oxford Business Group (OBG), which contributed to the conference as a research partner.

Attendees included experts from a wide range of fields spanning renewable energy, banking and finance, infrastructure development, planning and law, with an opening address from William Owuraku Aidoo, the Deputy Minister of Energy, read on his behalf by a representative.

Focal points during the day’s discussions included Ghana’s national policies and strategies for renewable sources of energy, including biomass, solar, geothermal, water and wind, with related topics, such as the rollout of technologies, demand and supply side management, decentralised power and storage system issues also covered.

Israel Venunye, OBG’s Editorial Manager for Ghana, moderated one of four key panel sessions, titled “Ghana’s vibrant power generation sector – a level playing field for the participation of IPPs an developers”.

Commenting afterwards, Venunye described the conference as both timely and topical, coming just months after President Nana Akufo-Addo’s statement at COP27, in which he reaffirmed Ghana’s commitment to increasing renewable energy’s contribution to the country’s electricity generation mix.

“Renpower Ghana 2023 provided a valuable opportunity for industry players and other decision-makers to chart the country’s energy transition and learn more about how national efforts to ensure clean energy sources can meet demand are taking shape,” he said. “It was a pleasure to take part in this important event and, in turn, bring the in-depth research we have undertaken on Ghana’s energy sector to the table.”

Ghana’s energy transition will also be mapped out in The Report: Ghana 2023, OBG’s forthcoming publication of the country’s economic development and investment opportunities.

The report’s Energy and Utilities chapter will include an in-depth analysis of Ghana’s renewable energy policy, giving details of the regulatory environment and infrastructural development opportunities as the transition gains pace. Other topics set to be explored include the country’s plans to make use of natural gas as a bridge fuel during the shift to renewables.

The Report: Ghana 2023 will be produced with the Ghana Investment Promotion Centre, the Association of Ghana Industries, PwC Ghana and B&P Associates. It will mark the culmination of more than six months of field research by a team of analysts from OBG.

The report will assess trends and developments across the economy, including those in macroeconomics, infrastructure, banking and others. It will be available online and in print, and is one of several highly relevant, go-to research tools being produced by OBG, which include Future Readiness and ESG Intelligence reports, alongside a range of Growth and Recovery Outlook articles and interviews.

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