• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, October 2, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Regulatory Barriers Inhibiting the Movement Towards Renewable Energy- Agyenim Boateng

Stephen M.Cby Stephen M.C
October 19, 2021
Reading Time: 3 mins read
Stephen M.Cby Stephen M.C
in Extractives/Energy
0
Regulatory Barriers Inhibiting the Movement Towards Renewable Energy- Agyenim Boateng

Kwasi Agyenim Boateng, the Secretary for the Association of Ghana Solar Industries

Kwasi Agyenim Boateng, the Secretary for the Association of Ghana Solar Industries, has intimated that, regulatory barriers in the country are inhibiting the movement of the power sector towards renewable energy.

Speaking on barriers which are inhibiting the movement, he revealed that in 2016, there was a moratorium on all power purchase agreements for renewable power and at that time, all the power purchase were for utility scale projects and the off taker was solely either ECG or any of the state utilities.

Due to this, he averred that, stakeholders in the sector came to the understanding that it has been oversubscribed. He stated that the opportunity for renewable projects on the utility scale, was blocked.

RelatedPosts

GNPC Hosts Maiden Vendor Engagement to Boost Local Content 

Government Initiates Action Plan to Tackle Illicit Flows in Extractive Sector 

Beyond UNGA80: Ghana Leads Call for a New Era of Climate Accountability 

“The key barrier I see we are facing currently is regulatory barriers… These were all unsolicited proposals that ECG went through and signed PPAs for some of them and the government said that lets put a hold on that and sanitize the system”.

Kwasi Boateng
renewable
Solar panels and wind turbines
·Global Investors should invest more into R&D to make green energy competitive— Energy Consultant

Mr. Boateng also disclosed that other opportunities came to help move the sector to renewables but did not yield much. He stated that private companies started a mini-grid power supply but were stopped.

“Then came what we call thee mini grid. That one too, a ministerial directive put a hold on it saying it cannot be done”.

Kwasi Boateng
Mini-grids should be a gov’t initiative

Mr. Boateng revealed that, directives issued was that the grids should be a government led initiative and not one led by the private companies. This, he said, cut out the private companies.

“Then came the opportunity where, let’s say, you have a factory and you want to get your power from renewable, you could go to a solar company and say that do it for me and I pay just like your mobile unit, as you use you pay. So that opportunity was there and that one too, just last year it was blocked”.

Kwasi Boateng
solar

He said looking at the happenings from an investment point of view, if somebody wants to come into the sector to invest, he will have lots to consider.

“You’ll consider this policy and regulation as a risk that you must be aware of. So, you are careful the way you invest in the sector”.

Kwasi Boateng

 Mr. Boateng also said the private sector has not taken full advantage of renewables because the Renewable Energy Act is not fully operationalized. He called for expedited action to set up an authority to manage the renewable energy fund under the Renewable Energy Act.

This, he believes, will mitigate some of the challenges leading to the slow pace at which the private sector is drifting to renewable energy particularly, the funding gap.

Globally, renewable energy is being highlighted with increasing investments in many countries under the energy transition agenda. While some energy experts are advocating the complete elimination of fossil fuels, others believe otherwise.

Read Also: Cabo Verde: AfDB extends $350,000 grant to deepen national capital markets
Tags: Energyenergy sectorEnergy/Extractivesregulatoryrenewable energy
Please login to join discussion
Previous Post

ASEPA drags Shatta Wale to Police CID for faking gun attack

Next Post

Eni and Fincantieri sign agreement for initiatives to energy transition

[mc4wp_form id="1264"]

Related Posts

Nigeria’s Debt Repayments Dominate Foreign Spending In 2025
Africa

Nigeria’s Debt Repayments Dominate Foreign Spending In 2025

October 2, 2025
Franklin Cudjoe, Founding President of IMANI Centre for Policy and Education
Economy

Ghana’s Economic Gains: IMANI Warns Against Complacency, Demands Sustained Reforms

October 2, 2025
Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration
Entertainment

Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration

October 2, 2025
KiDi Declares Himself as ‘A Faithful Black Man’
Entertainment

KiDi Expresses Frustration Over Ghana’s Music Industry Woes

October 2, 2025
Bulls Charge as GSE Kicks Off Month with 70% Year-to-Date Gains
Securities/Markets

Bulls Charge as GSE Kicks Off Month with 70% Year-to-Date Gains

October 2, 2025
President John Dramani Mahama
General News

Beyond US Visa Restriction Reversal: Ghana Moves to Renegotiate 15% Tariff and Secure AGOA Renewal

October 2, 2025
Nigeria’s Debt Repayments Dominate Foreign Spending In 2025
Africa

Nigeria’s Debt Repayments Dominate Foreign Spending In 2025

by Lawrence AnkutseOctober 2, 2025
Franklin Cudjoe, Founding President of IMANI Centre for Policy and Education
Economy

Ghana’s Economic Gains: IMANI Warns Against Complacency, Demands Sustained Reforms

by Evans Junior OwuOctober 2, 2025
Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration
Entertainment

Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration

by Esther Korantemaa OffeiOctober 2, 2025
KiDi Declares Himself as ‘A Faithful Black Man’
Entertainment

KiDi Expresses Frustration Over Ghana’s Music Industry Woes

by Esther Korantemaa OffeiOctober 2, 2025
Bulls Charge as GSE Kicks Off Month with 70% Year-to-Date Gains
Securities/Markets

Bulls Charge as GSE Kicks Off Month with 70% Year-to-Date Gains

by Stephen M.COctober 2, 2025
President John Dramani Mahama
General News

Beyond US Visa Restriction Reversal: Ghana Moves to Renegotiate 15% Tariff and Secure AGOA Renewal

by Evans Junior OwuOctober 2, 2025
Nigeria’s Debt Repayments Dominate Foreign Spending In 2025
Franklin Cudjoe, Founding President of IMANI Centre for Policy and Education
Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration
KiDi Declares Himself as ‘A Faithful Black Man’
Bulls Charge as GSE Kicks Off Month with 70% Year-to-Date Gains
President John Dramani Mahama
[/vc_row_inner]

Recent News

  • Nigeria’s Debt Repayments Dominate Foreign Spending In 2025
  • Ghana’s Economic Gains: IMANI Warns Against Complacency, Demands Sustained Reforms
  • Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration
  • KiDi Expresses Frustration Over Ghana’s Music Industry Woes
  • Bulls Charge as GSE Kicks Off Month with 70% Year-to-Date Gains
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.