ADVERTISEMENT
Radio Gold 90.5 FM
  • Home
  • News
  • Politics
  • Sports
  • Business
  • Technology
  • Education
  • Opinion
  • World
  • Insurance
  • Radio
No Result
View All Result
  • Home
  • News
  • Politics
  • Sports
  • Business
  • Technology
  • Education
  • Opinion
  • World
  • Insurance
  • Radio
No Result
View All Result
Radio Gold 90.5 FM
No Result
View All Result
Home News

Ghana’s Energy Sector Sees Major Turnaround: Minister Outlines Reforms, Green Transition and Infrastructure Expansion

by Mohammed Kabore
July 17, 2025
in News, Top Story
Reading Time: 4 mins read
0 0
0
John Jinapor
0
SHARES
21
VIEWS
Share on FacebookShare on Twitter

Ghana’s Minister for Energy and Green Transition has outlined sweeping reforms and ambitious interventions across the energy and petroleum sectors, positioning the country for long-term energy security, sustainability, and economic transformation.

Speaking at the Government Accountability series at the Presidency in Accra, the Minister detailed the challenges inherited in January 2025 and emphasized the strides made in stabilizing power supply, reducing debts, boosting gas production, and steering Ghana towards a low-carbon future.

“When we took office, the energy sector was at a crossroads. From mounting debts to declining crude production and poor investor confidence, we faced a crisis.

ADVERTISEMENT

But we saw these challenges as an opportunity to rebuild and transition to a greener, more resilient energy landscape,” the Minister stated.

Power Sector Reforms Yield Results

As of December 2024, Ghana faced a 720-megawatt power deficit, threatening nationwide supply. Today, the Minister says the situation has significantly improved:

Persistent power outages have declined sharply.

ADVERTISEMENT

Emergency repairs, transformer replacements, and aggressive feeder mapping have been undertaken.

ECG’s billing system has transitioned to the new ZEOS platform, reducing anomalies and improving transparency.

347 non-performing supply contracts are under review, with 202 already terminated — saving millions in public funds.

“We’ve introduced Key Performance Indicators (KPIs) and rationalized procurement. These reforms have increased ECG revenue by 47.3% compared to last year,” he noted.

Shift to Renewables and Green Transition

With the Ministry now renamed the Ministry of Energy and Green Transition, Ghana is making bold moves toward renewable energy:

$85 million Ghana Scaling-Up Renewable Energy Programme (SREP) launched in May 2025.

Deployment of 12,000 net-metered solar PV systems and 35 mini-grids for 47 island communities.

Installation of 25–30 MW floating solar projects at Bui and Pong dams.

450,000 LPG cookstoves to be distributed nationwide to promote clean cooking.

23,500 solar-powered streetlights covering 700 kilometers to reduce grid dependence.

“Streetlights alone consume over 200 megawatts during peak periods. Shifting them to solar helps us conserve critical power for essential services,” the Minister emphasized.

Petroleum Sector Revival and Gas Expansion

Crude oil production fell from 71 million barrels in 2019 to 48 million in 2024. The Minister revealed that production is stabilizing due to new discoveries and policy certainty:

Commercial discoveries declared at Afina, Eban, and Akoma fields.

Gas supply ramped up: ENI increased to 270 mmscfd, N-Gas to 100 mmscfd, and Jubilee by 30 mmscfd.

A second gas processing plant is underway, with a strategic report submitted.

Ghana Gas directed to refocus on pipeline infrastructure after years of stagnation.

“We aim to transition to a ‘gas-to-power’ era where local gas drives our power generation and economic stability,” the Minister said.

Petroleum Refinery and Strategic Stocks

The Tema Oil Refinery (TOR), burdened with over $517 million in debt and inactive since 2019, is undergoing a turnaround:

Internal revenue is being used to restart operations.

Audits from 2019–2024 have been initiated.

Ghana Cylinder Manufacturing is being retooled to meet local production needs.

Strengthening Local Content and Global Partnerships

Ghana is collaborating with the International Solar Alliance and will host its 7th Africa Regional Committee in September 2025. Local capacity is being built through training in solar technologies and expansion of local manufacturing.

In addition, strategic engagement with Shell, ENI, ExxonMobil, and Chevron is attracting fresh upstream investment.

“We are not just reforming policy. We are creating jobs, securing investment, and building resilience,” the Minister added.

Accountability, Procurement & Transparency

A task force, including the Ministry of Finance and National Security, is being constituted to track and reconcile ECG containers stuck at the ports. A bonded warehouse will be created for proper audit and redistribution of materials for rural and urban electrification.

“We cannot allow critical materials to rot while spending more to import new ones. Efficiency and transparency will guide everything we do,” he stressed.

Conclusion: A Sector on the Mend

Summing up, the Minister said Ghana is witnessing a “remarkable recovery” in the energy sector.

“We’re not out of the woods yet, but we are seeing real, measurable progress. If we stay this course, Ghana’s energy sector will become the cornerstone of our economic future.”

ShareTweetSendShare
ADVERTISEMENT
Previous Post

Socrate Safo reaches out to Rex Omar, Kafui Danku to offer support

Next Post

President Mahama, London Mayor Sadiq Khan Pledge Stronger Ghana–UK Ties During Strategic Meeting

Related Posts

President Mahama Wraps Up AU Summit Engagements, Returns to Accra
News

President Mahama Wraps Up AU Summit Engagements, Returns to Accra

February 16, 2026
The Ghanaian Farmer Launches Nationwide Town Hall Series to Bridge Gap Between Farmers and Policymakers
General

The Ghanaian Farmer Launches Nationwide Town Hall Series to Bridge Gap Between Farmers and Policymakers

February 16, 2026
Stop, You Can Be Imprisoned: MUYAD Social Services Cautions Public Against Sharing Victim Videos in ‘Yaytseslav’ Case
General

Stop, You Can Be Imprisoned: MUYAD Social Services Cautions Public Against Sharing Victim Videos in ‘Yaytseslav’ Case

February 15, 2026
GCB Bank PLC Prepares to Launch Non-Interest Banking Window Following High-Level Talks with IIFM
News

GCB Bank PLC Prepares to Launch Non-Interest Banking Window Following High-Level Talks with IIFM

February 15, 2026
Energy Commission’s renewed leadership sets out ‘sprinter-pace’ reform agenda
News

Energy Commission’s renewed leadership sets out ‘sprinter-pace’ reform agenda

February 15, 2026
First Lady Lordina Dramani Mahama Attends OAFLAD Meeting in Ethiopia
News

First Lady Lordina Dramani Mahama Attends OAFLAD Meeting in Ethiopia

February 14, 2026
Load More
Next Post
President Mahama, London Mayor Sadiq Khan Pledge Stronger Ghana–UK Ties During Strategic Meeting

President Mahama, London Mayor Sadiq Khan Pledge Stronger Ghana–UK Ties During Strategic Meeting

QNET Strengthens Ghanaian Presence With Dedicated  Compliance Office

QNET Strengthens Ghanaian Presence With Dedicated Compliance Office

Ghana And Serbia Forge Stronger Ties, Eyeing New Horizons In Diplomacy And Development  

Ghana And Serbia Forge Stronger Ties, Eyeing New Horizons In Diplomacy And Development  

Mahama Care

President Mahama Wraps Up AU Summit Engagements, Returns to Accra

Automobile dealers announce 15% reduction in vehicle prices, citing cedi stability

The Ghanaian Farmer Launches Nationwide Town Hall Series to Bridge Gap Between Farmers and Policymakers

Stop, You Can Be Imprisoned: MUYAD Social Services Cautions Public Against Sharing Victim Videos in ‘Yaytseslav’ Case

GCB Bank PLC Prepares to Launch Non-Interest Banking Window Following High-Level Talks with IIFM

Energy Commission’s renewed leadership sets out ‘sprinter-pace’ reform agenda

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
radio gold 90.5 fm

radio gold 90.5 fm is one of the first private radio station in Ghana. radio gold 90.5 fm Your Power Station

Recent Posts
  • President Mahama Wraps Up AU Summit Engagements, Returns to Accra February 16, 2026
  • Automobile dealers announce 15% reduction in vehicle prices, citing cedi stability February 16, 2026
  • The Ghanaian Farmer Launches Nationwide Town Hall Series to Bridge Gap Between Farmers and Policymakers February 16, 2026
  • Stop, You Can Be Imprisoned: MUYAD Social Services Cautions Public Against Sharing Victim Videos in ‘Yaytseslav’ Case February 15, 2026
  • GCB Bank PLC Prepares to Launch Non-Interest Banking Window Following High-Level Talks with IIFM February 15, 2026
  • Energy Commission’s renewed leadership sets out ‘sprinter-pace’ reform agenda February 15, 2026
  • First Lady Lordina Dramani Mahama Attends OAFLAD Meeting in Ethiopia February 14, 2026

Scholarships

President Mahama announces scholarship schme to tertiary students across the ECOWAS sub-region to study in universities in Ghana.

Admissions open for Ghana’s 46 Public Colleges of Education (2025/2026 Academic Year)

Scholarships for Non US Citizens 2025-26 (Fully Funded)

How to Get a Full Scholarship: A Complete Guide

The Rhodes Scholarship: Building Tomorrow’s Leaders Since 1902

Your Complete Guide to Purdue Global Scholarships: Opening Doors to Education

Rice University MBA Scholarships: Your Complete Guide to Funding Opportunities

Understanding Sallie Mae Scholarships: A Trusted Path to Education Funding

Insurance

10% Pension Indexation sparks pushback as SSNIT Pensioners demand “Minimum Living Pension”

SSNIT announces 10% Pension Indexation for 2026, boosts lowest earners by over 36%

SIC recovers state insurance businesses sold to private firms under Akufo-Addo

SSNIT revises Pensioner Certificate Policy; introduces annual birth-month certification for all pensioners

SIC Ladies Association to create awareness on breast cancer

Managing Director of SIC Insurance PLC underscores the need for collaboration and innovation for the growth of the insurance industry.

Amity Lodge and Partners to Provide Free Healthcare in Kotobabi Down

SIC INSURANCE PLC INAUGURATES NEW BOARD OF DIRECTORS

© 2018 Radio Gold 90.5 fm –  All rights reserved. Own and operated by Network Broadcasting Company Ltd.

  • Contact
  • Privacy Policy
  • Terms and Conditions
  • Advertise
  • Disclaimer

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • National
  • Sports
  • Scholarship
  • Travel
  • Opinion

© 2023 Radio Gold 90.5 fm - Operated and own by NewbyNetwork Broadcasting Company Ltd Radio Gold.

okyeame