• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, May 9, 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

ACEP’s Benjamin Boakye Calls for Bold Renewable Energy Policies 

November 19, 2024
Prince Agyapongby Prince Agyapong
in Extractives/Energy
0
ACEP’s Benjamin Boakye Calls for Bold Renewable Energy Policies 

Benjamin Boakye, the Executive Director of the Africa Centre for Energy Policy (ACEP), has called for deliberate and actionable policies to accelerate Ghana’s transition to renewable energy.  

Speaking during the NorvanReports and Natural Resource Governance Institute (NRGI) X Space discussion titled “Powering Ghana’s Future: Political Promises vs CSO Demands – Are We Ready for the Green Shift?”, Mr. Boakye emphasized the critical need for policies that prioritize job creation, investment security, and local capacity development to ensure sustainable growth within the energy sector. 

Mr. Boakye underscored the importance of renewable energy projects as a solution to Ghana’s persistent youth unemployment challenges.  

RelatedPosts

Powering Ghana’s Future with Sustainable Electricity 

NNPC and Dangote Forge Long-Term Gas Supply Agreement 

Bright Simons Urges Caution Amid GoldBod’s Promising Start 

He proposed policies that mandate tangible benefits for young people, suggesting that at least 30% of the economic value derived from solar equipment procurement should directly benefit the youth. 

“Empowering young people through renewable energy projects is a sustainable way to tackle unemployment. Let’s ensure they have opportunities to create jobs and participate actively in Ghana’s green transition.” 

Benjamin Boakye, the Executive Director of ACEP

Boakye also urged political parties to align their manifestos with actionable plans that address youth unemployment.  

He criticized the tendency of political actors to make lofty promises without implementing concrete measures, arguing that a lack of execution weakens trust and impedes progress. 

Mr. Boakye raised concerns about Ghana’s over-reliance on imported renewable energy components, including solar panels and batteries. He argued that this dependence not only hampers local economic growth but also diminishes the country’s capacity for innovation and self-reliance. 

“While we may not yet have the capacity to manufacture components from scratch, assembling them locally could serve as a starting point,” he explained. This, he added, could foster skills transfer, encourage innovation, and build a more robust renewable energy industry in Ghana. 

To achieve this, Mr. Boakye proposed policy incentives that attract investments in local assembly plants and manufacturing facilities, urging the government to take decisive steps toward reducing Ghana’s dependency on imports. 

Bridging Policy Gaps in Renewable Energy Planning 

Benjamin Boakye, Executive Director of ACEP
Benjamin Boakye, Executive Director of ACEP

The ACEP Executive Director also criticized delays and inconsistencies in Ghana’s renewable energy policies, noting that the country has yet to meet its renewable energy penetration targets.  

“Rural communities require off-grid solutions, while urban and industrial areas demand integrated on-grid systems. A one-size-fits-all approach will not work,” Mr. Boakye emphasized. 

Mr. Boakye recommended a comprehensive mapping of energy needs and infrastructure requirements to ensure that policies and investments align with the country’s diverse energy landscape.  

Such an approach, he argued, would streamline resource allocation and ensure equitable energy distribution. Mr. Boakye expressed dissatisfaction with Ghana’s current local content policies, which he described as superficial.  

According to him, the existing framework often focuses on giving Ghanaians token representation in projects rather than fostering genuine local participation and capacity building. 

“Local content should not mean just putting a Ghanaian face on a business. It should mean building production capacity within the country,” he said.  

Mr. Boakye urged policymakers to prioritize skills transfer, technological innovation, and long-term economic growth as part of a comprehensive local content strategy. 

To position Ghana as a leader in renewable energy, Mr. Boakye emphasized the need for investment in research and development (R&D). He highlighted the importance of supporting student-led innovations and creating prototypes that address local energy challenges. 

Drawing inspiration from Brazil’s success with ethanol production, Mr. Boakye explained how targeted investments in energy innovation could yield significant economic benefits. “We need to think about producing energy locally, not just importing solutions,” he said. 

Mr. Boakye also called on the government to foster partnerships with universities, research institutions, and private companies to drive innovation in the renewable energy sector. According to him, a well-funded R&D ecosystem is crucial to unlocking Ghana’s potential as a renewable energy powerhouse. 

The ACEP Executive Director’s call to action is clear: Ghana must transition from promises to implementation. By adopting practical, inclusive, and forward-thinking policies, the country can secure a greener future while fostering economic growth and social equity. 

READ ALSO: Somaliland Elects New President Amid Rising Tensions 

Tags: Africa Centre for Energy Policy (ACEP)Green transitionNatural Resourcerenewable energySolar panels
Please login to join discussion
Previous Post

Juaboso MP Accuses EC of Electoral Bias Favoring NPP 

Next Post

Stonebwoy Announces ‘UP & RUNNIN6’ Album North America Tour Dates

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

AngloGold Ashanti Boosts Obuasi SMEs with Nationwide Business Exposure Tour
Vaultz Business

AngloGold Ashanti Boosts Obuasi SMEs with Nationwide Business Exposure Tour

May 9, 2025
Electrical Energy
Extractives/Energy

Powering Ghana’s Future with Sustainable Electricity 

May 9, 2025
Ukrainian flag
Europe

Ukraine Alleges Hungarian Espionage

May 9, 2025
Starmer’s Anti-Newt Drive May Breach EU Deal
UK

Starmer’s Anti-Wildlife Drive May Breach EU Deal

May 9, 2025
Mahama and judicial resignation
General News

Judicial Resignation Row: Mahama Risks Oath Violation

May 9, 2025
US President, Donald Trump Proposes Major Chinese Tariff Rollback Ahead of Trade Talks
USA

Trump Proposes Major Chinese Tariff Rollback Ahead of Trade Talks

May 9, 2025
AngloGold Ashanti Boosts Obuasi SMEs with Nationwide Business Exposure Tour
Vaultz Business

AngloGold Ashanti Boosts Obuasi SMEs with Nationwide Business Exposure Tour

by Stephen M.CMay 9, 2025
Electrical Energy
Extractives/Energy

Powering Ghana’s Future with Sustainable Electricity 

by Prince AgyapongMay 9, 2025
Ukrainian flag
Europe

Ukraine Alleges Hungarian Espionage

by Comfort AmpomaaMay 9, 2025
Starmer’s Anti-Newt Drive May Breach EU Deal
UK

Starmer’s Anti-Wildlife Drive May Breach EU Deal

by Lawrence AnkutseMay 9, 2025
Mahama and judicial resignation
General News

Judicial Resignation Row: Mahama Risks Oath Violation

by Lilian AhedorMay 9, 2025
US President, Donald Trump Proposes Major Chinese Tariff Rollback Ahead of Trade Talks
USA

Trump Proposes Major Chinese Tariff Rollback Ahead of Trade Talks

by Comfort AmpomaaMay 9, 2025
AngloGold Ashanti Boosts Obuasi SMEs with Nationwide Business Exposure Tour
Electrical Energy
Ukrainian flag
Starmer’s Anti-Newt Drive May Breach EU Deal
Mahama and judicial resignation
US President, Donald Trump Proposes Major Chinese Tariff Rollback Ahead of Trade Talks
[/vc_row_inner]

Recent News

  • AngloGold Ashanti Boosts Obuasi SMEs with Nationwide Business Exposure Tour
  • Powering Ghana’s Future with Sustainable Electricity 
  • Ukraine Alleges Hungarian Espionage
  • Starmer’s Anti-Wildlife Drive May Breach EU Deal
  • Judicial Resignation Row: Mahama Risks Oath Violation
The Vaultz News

Copyright © 2021 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 © 2021 The Vaultz News. All rights reserved.