Ghana needs $562bn for full energy transition by 2070 – Energy Ministry – Nsemkeka
Ghana will require approximately $562 billion to successfully implement its national energy transition framework by 2070, according to the Ministry of Energy.
The Deputy Director for Nuclear and Alternative Energy at the Ministry, Dr. Robert Sogbadji, disclosed this while speaking on the sidelines of a stakeholder engagement on Ghana’s Energy Transition Framework held on Wednesday, May 21, in Accra.
He stated that the nation’s clean energy shift cannot be solely financed by government resources.
“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 multi-national development banks to bring in money to make sure that we transition smoothly,” he revealed.
He added, “As of now, Ghana is putting all efforts into adhering to our energy transition framework.”
He noted that the country currently boasts over 89% electricity access, and the government aims to extend this while ensuring that every new energy initiative aligns with sustainability goals.
Dr. Sogbadji stressed that the energy transition must be nationwide, involving active participation from regional and district-level leadership, as well as public awareness campaigns to embed sustainable practices in all development efforts.
The transition is expected to generate green jobs, improve energy security, reduce greenhouse gas emissions, and strengthen Ghana’s resilience to climate change.
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.