<<Print>>Energy Minister, Dr. Matthew Opoku Prempeh says Ghana remains committed to a clean energy sector within the context of its energy transition framework.
Contributing to a panel discussion on the energy sector at the opening session of UK-Africa Industrial Decarbonisation Ministerial Tour on Monday, 17th July, 2023, Dr. Prempeh said Ghana has made great strides in developing a transition framework that will ensure a just and an equitable transition towards achieving net zero.
According to the Minister, the country has also made significant progress in advancing its national energy policy.
This, he said, is supported by the Ministry of Energy’s vision for a clean power sector and also underpinned by efforts to provide universal access to electricity by 2024 which currently stands at 88.85% as well as increasing the installed capacity of modern renewable energy in the energy mix to 10% by 2030.
The Minister, who is also the Member of Parliament for Manhyia South, indicated that the country’s energy transition framework is being implemented to the letter.
“Our energy transition framework around which some of these bold decisions revolve has been developed to provide a clear-blue print towards achieving net zero in a just and an equitable manner, which provides a firm basis for the judicious exploitation of our other God-given energy resources” , he stated.
The framework, the Ministere emphasized, is being developed into an investor-friendly one as it provides key opportunities for strategic investment.
He further noted that Ghana’s economy will be fueled largely by electricity with a future electricity demand modelled at 380000 GWh with a corresponding installed generation capacity of 83GW by 2070.
“An estimated 200Million ton of CO2 equivalent emission will be saved”, he said
He added that Ghana’s nationally determined contribution to Paris agreement has been revised and presented at COP26 with new targets in key sectors of the economy.
Emission reduction target, he revealed, stands at 68 million tons of CO2.
He called for massive investment in Ghana’s energy sector and reiterated efforts at converting the energy transition framework into an investor-friendly one.
The UK-Africa Industrial Decarbonization roadshow will continue in Edinburgh, Leeds and New castle in the coming days in July with the aim of bringing issues on the subject to the front burner for discussion.