The Vice President Dr Mahamudu Bawumia has announced plans by the government to transition from the use of fossil fuel to renewable energy by 2070.
To that end, Dr Bawumia has called on stakeholders in the energy sector to accelerate the production and utilization of oil and gas reserves in Ghana.
Dr Bawumia was speaking at the official opening of the 5th Edition of the Ghana International Petroleum Conference (GhIPCon), in Accra on Wednesday, 28 September.
“Let me add that Ghana has set a target of 2070 to fully transition from fossil fuels to renewable energy. So, even though as a government, we are fully committed to achieving net zero carbon emissions by 2070, we also have to take steps to accelerate the production and utilization of our oil and gas reserves.
“What this means is that even though we want to contribute to reducing emissions, we are of the view that a balance must be struck and maintained in the context of our social, economic, and environmental requirements.”
“So, fossil fuels, particularly natural gas will continue to be part of Ghana’s energy mix in the short term, whilst strategies will be put in place to increase the share of renewable energy in the mix from medium to long term,” Dr Bawumia said.
On his part, the Chief Executive of NPA, Dr Mustapha Abdul-Hamid reiterated government’s commitment in reducing the emissions from consumption of petroleum products.
“We at the NPA are committed to support government’s agenda in reducing the emissions from the energy products we consume in Ghana.
“And I’m glad to mention we were the first west African country to reduce sulphur content in transport and industrial fuels from a maximum of 5000ppm to a maximum of 50ppm” he stated
This year’s conference is on the theme “Energy Transition in the African Petroleum Downstream Context: Prospects, Challenges and the Way Forward”.
The 3-day conference is on the theme “Energy Transition in the African Petroleum Downstream Context: Prospects, Challenges and the Way Forward”.
The conference is being organized by the National Petroleum Authority (NPA) in collaboration with the African Refiners and Distributors Association (ARDA) under the auspices of the Ministry of Energy and the Ghana Chamber of Bulk Oil Distributors (CBOD).
It has attracted major players including CEOs, experts and decision makers in the petroleum sector across the West Africa Sub Region.
- Bank of Ghana upgrades one cedi coin
- Road toll to be collected electronically – Roads Minister
- Photos: Volta Regional NPP Secretary ties knot with Deputy Women’s Organiser
- Parliament approves 2023 Budget and Economic Policy
- You are on your own – John Kumah tells bondholders who reject debt exchange programme
- GMA rejects debt exchange programme
- Moody’s downgrades GCB Bank due to debt restructuring
- Black Sherif is the voice of African youth – Akon
- World Cup: Rating every member of Ghana’s squad
- Akufo-Addo commissions Afienya Road Over Bridge on Tema-Mpakadan Railway line
- Dashboard: Mobile money transactions in Ghana
- Financial Stability Council pledges to closely monitor impacts of Debt Exchange Programme; ¢15bn fund to be set up
- Mahama appeals for ¢10 to support NDC congress
- 796 flee Burkina Faso to Sissala West communities for fear of attack
- We only approved policy principle of 2023 Budget; not the taxes – Minority
- 81 aspirants vie for 14 national executive positions in NDC
- NPA to seek cabinet support to remove taxes on LPG
- Claims that female babies develop speech faster than males is a myth – Language Therapist
- Consensus key to sustainability of the debt exchange programme – ISSER to government
- I’ve been given over ¢100k ‘haircut’ on my investment – Franklin Cudjoe
- Mozambique ex-president’s son, others jailed for 12 years for corruption
- GWCL to cut water supply to parts of Accra
- Philip Afeti Korto: Grey hair, a sign of wisdom or ageing?
- Busy Signal to perform at Stonebwoy’s Bhim Concert in Ghana
- Government plan to cut interest costs gets pushback from local funds