• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, September 16, 2026
  • 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
in Extractives/Energy

Africa Must Define Its Own Energy Transition Pathway — Dr Oppong

Prince Agyapongby Prince Agyapong
February 10, 2026
Reading Time: 5 mins read
Add as Preferred on Google
Dr Riverson Oppong, COMAC’s Chief Executive

Dr Riverson Oppong, COMAC’s Chief Executive

Africa must urgently develop a unified, pragmatic and homegrown energy pathway that safeguards its hydrocarbon resources, accelerates renewable energy deployment and deepens domestic value creation if it is to retain control over its energy future.

This was the central message delivered by Dr Riverson Oppong, Africa Regional Director for SPE International, during a public lecture. Dr Oppong warned that the rapidly evolving global energy transition presents both opportunities and risks for African economies, particularly if the continent fails to articulate its own priorities.

“If Africa does not decide whether it is part of the energy transition, others will decide for us,” he cautioned, adding that such externally driven decisions “will not necessarily favour our development priorities.”

The lecture brought together students, academics and civil society groups to reflect on how Africa can navigate global climate pressures without undermining its development ambitions.

ADVERTISEMENT

Rethinking the Role of Hydrocarbons

672b7bca7631ecb609465f59 JustPark Fuel Pricing Main 1536x866 1

Challenging popular narratives, Dr Oppong argued that the global energy transition does not require the outright abandonment of hydrocarbons. Instead, he explained that the evolution of energy systems has historically been additive rather than substitutive.

“Coal did not replace oil, oil did not replace gas and gas was not replaced by nuclear or renewables,” he said, stressing that fossil fuels remain deeply embedded in the global energy mix despite rising investments in clean energy.

He supported this argument with global data, noting that even after a 36 percent improvement in energy efficiency over the past two decades, global energy demand and supply expanded by 63 percent over the same period.

“When energy becomes affordable and accessible, demand increases,” Dr Oppong observed, highlighting the limits of efficiency gains in curbing consumption.

ADVERTISEMENT

Dr Oppong, who also serves as Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC) in Ghana, pointed out that countries championing net-zero ambitions continue to prioritise energy security in practice.

“China still derives about 70 percent of its energy from hydrocarbons, Japan nearly 87 percent, and coal remains significant in the US and UK.”

Dr Riverson Oppong, Africa Regional Director for SPE International

According to him, no major economy has transitioned away from fossil fuels at the expense of reliable and affordable energy supply.

“No country has transitioned at the expense of its energy security,” he emphasised, urging African governments to pursue transition models aligned with their industrialisation goals.

ADVERTISEMENT

Energy Access Versus Energy Security

Rural Electrification
Rural Electrification

Using Ghana as a reference point, Dr Oppong acknowledged that the country has made notable progress in electricity access, with coverage exceeding 90 percent. However, he argued that access alone does not equate to energy security.

“Energy security is about accessibility, availability and affordability.

“You cannot industrialise if power is available but unaffordable, or affordable but unreliable.”

Dr Riverson Oppong, Africa Regional Director for SPE International

He commended Ghana’s policy choice to prioritise the domestic use of natural gas for power generation instead of exporting it as liquefied natural gas, describing it as a practical assertion of energy sovereignty.

Clean Cooking and Infrastructure Gaps

Screenshot 20251209 055313
A smiling Ghanaian woman in vibrant purple traditional attire sits proudly beside a modern clean cookstove with a large silver pot.

Beyond electricity, Dr Oppong highlighted clean cooking as one of Africa’s most pressing energy challenges. Nearly one billion people in sub-Saharan Africa, he noted, still rely on charcoal and biomass for cooking, with significant health and environmental consequences.

He warned that infrastructure gaps continue to undermine progress, even where cleaner fuels are promoted. “Distributing gas cylinders without reliable refill infrastructure forces households back to charcoal,” he said, underscoring the need for integrated planning rather than isolated interventions.

Dr Oppong also cautioned that tightening global trade regulations could introduce new vulnerabilities for African economies.

He singled out mechanisms such as the European Union’s Carbon Border Adjustment Mechanism (CBAM), which links market access to the carbon intensity of production.

“As Ghana moves toward manufacturing and processing, the carbon intensity of our energy will increasingly affect competitiveness,” he explained, noting that similar risks apply across Africa’s export-oriented economies.

Managing Revenue Volatility

On fiscal sustainability, Dr Oppong warned against over-dependence on oil and gas revenues, referencing the economic crises experienced by Angola, Nigeria and Venezuela during periods of oil price collapse.

“When oil prices fall, deficits widen and debt rises,” he said, calling for economic diversification and stronger revenue-stabilisation frameworks to cushion African economies against commodity shocks.

In concluding his lecture, Dr Oppong stressed that Africa’s energy transition must be grounded in realism and context, rather than external pressure.

“The energy transition is not a threat if we manage it strategically.

“For Africa, the priority must be energy security, local value addition and long-term economic resilience.”

Dr Riverson Oppong, Africa Regional Director for SPE International

He urged policymakers, industry players and civil society to engage constructively in shaping an African-led transition that supports growth while responding to global climate realities.

READ ALSO: Food Crisis Threatens Ghana’s Economic Future

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Africa energy transitionDr Riverson Oppongenergy sovereigntyhydrocarbons AfricaRenewable Energy Africa
Please login to join discussion
Previous Post

President Mahama To Reactivate Pwalugu Tomato Factory

Next Post

ADB Holds Thanksgiving Service After Strong 2025 Turnaround

Related Posts

Hon. Emmanuel Armah-Kofi Buah, Minister of Lands and Natural Resources
Extractives/Energy

Lands Minister Announces Legislative Reform To End Speculative Licensing

September 16, 2026
North East Traditional Leaders at the Ministry of Lands and Natural Resources
Extractives/Energy

North East Chiefs Petition Government to Formalise Regional Gold Mining

September 16, 2026
Dr Ishmael Ackah
Extractives/Energy

Dr Ackah Highlights Five Years Of Ghana Energy Reforms

September 16, 2026
Ing. Kenneth Ashigbey, the Chief Executive Officer of the Ghana Chamber of Mines.
Extractives/Energy

Mining Companies Urged to Participate in Regional Cyanide Code Compliance Workshop

September 15, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Hon. Emmanuel Armah-Kofi Buah, Minister of Lands and Natural Resources

Lands Minister Announces Legislative Reform To End Speculative Licensing

September 16, 2026
North East Traditional Leaders at the Ministry of Lands and Natural Resources

North East Chiefs Petition Government to Formalise Regional Gold Mining

September 16, 2026
President Mahama Addressing Officials and Stakeholders at the Sod Cutting of the Sentuo Airport Garden City Project

Prez. Mahama Cuts Sod for $1.3bn Sentuo Airport Garden City Project

September 16, 2026
Tax Compliance 2

Tax Compliance Gap Tests Ghana’s Business Recovery

September 16, 2026
GSE Losers Outnumber Gainers Sixfold in Fresh Selloff

GSE Losers Outnumber Gainers Sixfold in Fresh Selloff

September 16, 2026
ADVERTISEMENT
Next Post
ADB Holds Thanksgiving Service After Strong 2025 Turnaround

ADB Holds Thanksgiving Service After Strong 2025 Turnaround

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.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.