Ghana has invited global investors to tap into its booming energy sector. The Deputy Minister for Energy and Green Transition, Hon. Richard Gyan-Mensah outlined major infrastructure and green energy projects aimed at ensuring energy security and economic growth.
Hon. Gyan-Mensah emphasized the increasing energy needs of Ghana’s growing economy, noting that the country’s electricity demand is rising by approximately 300 megawatts (MW) annually. In parallel, petroleum product consumption currently exceeds 400,000 metric tons per month.
“Ghana is a leading destination for energy investments in West Africa and beyond.
“Our transformational agenda in the energy sector is anchored on four cardinal principles: energy security, affordability, universal access, and regulatory predictability.”
Hon. Richard Gyan-Mensah, Deputy Minister of Energy and Green Transition
This surge in energy demand, he said, presents immense opportunities for private sector involvement, especially as the government pushes forward with major infrastructure projects and policy reforms.
To support Ghana’s growing energy appetite, the government is advancing key projects in the petroleum sub-sector. Among them is the proposed construction of a second Gas Processing Plant with a capacity between 150 and 300 million standard cubic feet per day (mmscfd).
Additional infrastructure projects include the planned development of a new offshore mooring facility at Tema and the expansion of storage capacity in Takoradi. These upgrades aim to reduce port congestion, eliminate costly demurrage, and ensure uninterrupted petroleum supply nationwide.
Hon. Gyan-Mensah said, “These initiatives are not only about supply but also about ensuring efficiency and resilience within our petroleum distribution framework.”
On the electricity front, the Deputy Minister reported that the Ghana Grid Company (GRIDCo) is investing in strengthening transmission infrastructure to enhance power reliability. A new 330kV transmission line is currently under construction, with additional lines being built from Tamale through Bimbila to Kejebi.
Meanwhile, the government is upgrading the 69kV Asiekpe-Ho line to 161kV to boost voltage stability and reduce power outages in key regions.
“These transmission projects will bridge the supply-demand gap, especially in underserved regions, and facilitate industrial growth.”
Hon. Richard Gyan-Mensah, Deputy Minister of Energy and Green Transition
Ghana to Accelerate Green Energy Transition
In line with President John Mahama’s green energy vision, the Deputy Minister also spotlighted Ghana’s commitment to renewable energy as a core strategy of the National Energy Transition Framework.
The country aims to increase the share of non-hydro renewables in the energy mix from less than 3% today to 10% by 2030. Ongoing projects to support this target include the rollout of 12,000 net-metered solar PV systems for homes and businesses, and the construction of 35 mini-grids in off-grid communities.
The government is also planning the development of multiple mini-hydro dams to meet rural energy demand while supporting climate resilience.
“Our Ministry is championing the Renewable Energy Authority Bill to accelerate the generation, distribution, and investment in clean energy.
“This reflects our government’s unwavering commitment to a just and sustainable Green Transition.”
Hon. Richard Gyan-Mensah, Deputy Minister of Energy and Green Transition
A key component of Ghana’s investment appeal, according to the Deputy Minister, is the country’s transparent and predictable regulatory environment.
He reassured potential investors that Ghana’s energy policies are designed to safeguard long-term investment, while ensuring fair returns and operational stability.
“The rule of law, stable macroeconomic policies, and dedicated institutions such as the Energy Commission, Petroleum Commission, and Public Utilities Regulatory Commission (PURC) all work in synergy to support investor confidence.”
Hon. Richard Gyan-Mensah, Deputy Minister of Energy and Green Transition
With robust demand projections, strategic infrastructure plans, and a commitment to clean energy, Ghana is positioning itself as an energy investment hub in West Africa.
The call by Hon. Richard Gyan-Mensah signals a strong governmental push to open doors to foreign capital, foster innovation, and drive long-term sector sustainability.
As Ghana positions itself as a leader in West Africa’s energy transformation, stakeholders are hopeful that private investments will power the country’s development and its ambitious green transition agenda.
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