The Ministry for Energy and Green Transition has revealed that Ghana will require an estimated $562 billion to fully complete its energy transition agenda by the year 2070 as the country finalises plans for a nuclear power project, with construction expected to begin by 2027.
According to the Energy Ministry, a variety of ongoing projects, including solar mini-grids for island communities and the development of 33 new mini-grids, are evidence of Ghana’s steady progress.
Speaking on the sidelines of a stakeholder engagement on Ghana’s Energy Transition Framework held on Wednesday, May 21, in Accra, the Deputy Director for Renewables and Green Emerging Technologies at the Energy Ministry, Dr. Robert Sogbadji, cited the development of 33 new solar mini-grids for island communities and other renewable initiatives.
“As of now, Ghana is putting all efforts into adhering to our energy transition framework. Currently, we have more than 89% access to electricity. Energy transition is supposed to be nationwide and implemented by all regions and District Chief Executives. So, efforts have to be made to ensure that awareness is created to ensure that whatever activity or project they undergo, they also take into consideration the energy transition.
“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- private sector, development partners, multi-national development banks to bring in money to make sure that we transition smoothly,” Dr. Robert Sogbadji said.
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