Deputy Minister of Energy and Green Transition, Richard Gyan-Mensah has called on the investor community to take advantage of the varied opportunities that abound for investment into Ghana’s energy sector.
According to him, government is committed towards expanding the country’s renewable energy potential to augment the energy mix as part of a broader transformational plan to address challenges in the energy sector.
Currently, Ghana’s renewable energy contribution to the energy mix is just about three per cent of the total energy requirement.
Mr Gyan-Mensah who was speaking at the Ghanaian-German Economic Association (GGEA) business forum in Accra last Wednesday 14, May, 2025 said it is government’s plan to expand renewable energy from 3 to at least 10 per cent by 2030.
The event attended by Ghanaian and German businesses as well as local and German investors was dubbed; “CEO’s Time with the Ambassador and the Minister” was graced by the German Ambassador to Ghana, Daniel Krull.
It was held on the theme: “Exploring Bilateral Trade and Energy Opportunities in Ghana’s 24-hour Economy Agenda”.
The Deputy Minister who is also the Member of Parliament for Gomoa West assured of the ministry’s readiness to welcome investors into Ghana’s energy sector.
Investment prospects in Ghana’s energy sector he said were enormous, mentioning the growing electricity demand of 300 megawatts (MW) annually and monthly petroleum product consumptions of more than 400,000 metric tonnes.
“Ghana is a leading destination for energy investments in West Africa and beyond.
As a government, our transformational agenda in the energy sector is anchored on four cardinal principles; energy security, affordability, universal access and regulatory predictability.
“In the petroleum sector, the construction of a second Gas Processing Plant with the capacity of 150-300 mmscfd is under consideration,” he stated.
Mr Gyan-Mensah also called on interested investors to partner with the government to launch the country into a future of a more sustainable energy production; saying “We are not seeking financial investors, but long-term partners to create sustainable solutions”.
The Deputy Minister said the government was looking to achieve a “net zero emission by 2070”, based on the energy transmission framework launched last year by the previous government. That, he said, was grounded in energy efficiency, decarbonisation and inclusive development such as the promotion of electric vehicle charging infrastructure, biofuels, an AI-enabled exploration tool for upstream operations and the recognition of natural gas as a bridging fuel.
