The Ministry for Energy and Green Transition has announced that Ghana will need an estimated $562 billion to fully implement its energy transition agenda by 2070, as the country moves forward with plans for a nuclear power project set to begin construction in 2027.
Speaking at a stakeholder engagement on Ghana’s Energy Transition Framework on Wednesday, May 21, in Accra, Deputy Director for Renewables and Green Emerging Technologies, Dr. Robert Sogbadji, highlighted Ghana’s progress in renewable energy efforts, citing ongoing projects such as solar mini-grids for island communities and the development of 33 new mini-grids.
“As of now, Ghana is putting all efforts into adhering to our energy transition framework. Currently, we have more than 89% access to electricity”.
He emphasized that the transition process will involve contributions from private sector investors, development partners, and multinational banks alongside government funding to ensure a smooth transition toward clean energy.
“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 money”.
