Ghana will require approximately $562 billion to successfully implement its national energy transition framework by 2070, the Ministry of Energy has revealed.
Dr. Robert Sogbadji, Deputy Director for Nuclear and Alternative Energy at the Ministry, disclosed this during a stakeholder engagement on Ghana’s Energy Transition Framework held on May 21 in Accra.
He emphasized that the clean energy shift cannot be financed by government resources alone. “We need about $562 billion to complete this energy transition by 2070. It’s not only the government that has to cough up this money. It includes the private sector, development partners, and multinational development banks to bring in funds to ensure a smooth transition,” Dr. Sogbadji stated.
Currently, Ghana boasts over 89 percent electricity access, with government plans to further expand this while ensuring all new energy initiatives align with sustainability goals.
Dr. Sogbadji stressed the importance of nationwide involvement in the transition, calling for active participation from regional and district leadership as well as public awareness campaigns to promote sustainable practices across all development efforts.
The energy transition is expected to create green jobs, enhance energy security, reduce greenhouse gas emissions, and boost Ghana’s resilience to climate change.
Ongoing projects, such as solar mini-grids for island communities and the development of 33 new mini-grids, highlight Ghana’s steady progress in achieving its energy transition goals.