Audio By Carbonatix
Ghana will require approximately $562 billion to successfully implement its national energy transition framework by 2070, according to the Ministry of Energy.
The Deputy Director for Nuclear and Alternative Energy at the Ministry, Dr. Robert Sogbadji, disclosed this while speaking on the sidelines of a stakeholder engagement on Ghana’s Energy Transition Framework held on Wednesday, May 21, in Accra.
He stated that the nation’s clean energy shift cannot be solely financed by government resources.
“We need about $562 billion to complete this energy transition by 2070. It’s not only the government that has to cough up this money. It includes the private sector, development partners, and multi-national development banks to bring in money to make sure that we transition smoothly," he revealed.
He added, "As of now, Ghana is putting all efforts into adhering to our energy transition framework."
He noted that the country currently boasts over 89% electricity access, and the government aims to extend this while ensuring that every new energy initiative aligns with sustainability goals.
Dr. Sogbadji stressed that the energy transition must be nationwide, involving active participation from regional and district-level leadership, as well as public awareness campaigns to embed sustainable practices in all development efforts.
The transition is expected to generate green jobs, improve energy security, reduce greenhouse gas emissions, and strengthen Ghana’s resilience to climate change.
According to the Energy Ministry, a variety of ongoing projects, including solar mini-grids for island communities and the development of 33 new mini-grids, are evidence of Ghana’s steady progress.
Latest Stories
-
Poll shows Mahama widening lead in hypothetical 2024 re-run
6 minutes -
Police Hospital relieved as new facility for ‘unknown patients’ eases long-standing burden
14 minutes -
Gender Ministry empowers Kayayei with health, financial literacy and safety skills
32 minutes -
Goldbod’s gold strategy has anchored currency stability and economic confidence – Senyo Hosi
52 minutes -
‘The law is the law’ – Mahama insists as Asake pleads on Cyborg’s behalf over firearm incident
53 minutes -
Police arrest 2 over illegal possession of 2,600 AK-47 ammunition in Ashanti Region
55 minutes -
Goldbod is rewriting Ghana’s gold story and restoring national value – Senyo Hosi asserts
1 hour -
Goldbod: Loss or no loss? The price of everything and the value of nothing
1 hour -
Goldbod’s $214m cost isn’t a loss but a strategic policy investment – Senyo Hosi
1 hour -
Government settles US$709m Eurobond obligations ahead of due date
1 hour -
Low inflation and cheaper imports show Goldbod’s true economic value – Senyo Hosi
1 hour -
VAT reforms: GRA raises registration threshold to GH¢750,000, cuts rate to 20% from Jan. 2026
1 hour -
Cedi appreciation saved Ghana over GH¢12bn in debt and power payments – Senyo Hosi
1 hour -
NPP Primaries: Dr Bawumia takes commanding 73% lead — latest Global InfoAnalytics report
1 hour -
DGPP helped Ghana defy IMF currency forecasts and stabilise the Cedi – Senyo Hosi
1 hour
