The Ministry of Energy and Green Transition has begun negotiations with Independent Power Producers (IPPs) to restructure $1.7 billion in outstanding payments, as part of efforts to ease Ghana’s energy sector debt burden, currently pegged at \$3.1 billion. Energy Minister John Abdulai Jinapor disclosed the ongoing engagements during a High-Level Dialogue themed “Addressing Ghana’s Energy...
Category: Energy
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Dr. Ishmael Ackah: Generation Inefficiencies Deepen Ghana’s Energy Sector Debt Crisis
Dr. Ishmael Ackah, Advisor to the Minister for Energy and Green Transition, has sounded the alarm over persistent inefficiencies in Ghana’s power generation segment, describing it as the leading cause of the country’s growing energy sector debt. Speaking during a high-level stakeholder dialogue on “Addressing Ghana’s Energy Sector Challenges for Economic Transformation,” Dr. Ackah stressed...
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OPEC is Playing The Long Game
“There is no peak in oil demand on the horizon,” the head of OPEC, Haitham al Ghais, said last month in Canada. Demand will continue to increase as global population grows, he added. And OPEC will be there to respond with what supply is necessary. OPEC is now playing the long game. Fast-forward a month...
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AfDB and SEFA Provide $40 Million Investment in Equity Platform Zafiri to Accelerate Renewable Energy Access Across Africa
access across the continent. Project Zafiri will address the lack of longer-term equity that is constraining the growth of the DRE sector in Africa, Daniel Schroth, Director for Renewable Energy and Energy Efficiency, said, adding that by anchoring the junior equity tranche, SEFA is helping to crowd in private investment at scale. Zafiri aligns with...
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Stakeholders Call for Urgent Reforms as Energy Sector Inefficiencies Cost Ghana 2% of GDP
A strategic high-level dialogue convened by the Africa Centre for Energy Policy (ACEP), in partnership with the Open Society Foundations (OSF) and the Ministry of Energy and Green Transition, has spotlighted the deep-rooted structural inefficiencies plaguing Ghana’s energy sector inefficiencies that are costing the economy an estimated 2% of GDP annually. This figure represents nearly...
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Preparations Advance for 9th Ghana Energy Awards as Awarding Panel ConvenesJuly 17, 2025
Preparations for the ninth edition of the Ghana Energy Awards are gaining momentum, with the Awards Secretariat and the Awarding Panel officially commencing deliberations ahead of the event. A key milestone in this year’s awards cycle took place on Tuesday, July 15, 2025, when the Awarding Panel held its inaugural meeting at the Secretariat’s Head...
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Ghana’s Energy Minister Pushes for Greater Efficiency and Investment During Visit to Ghana Gas
In a bid to strengthen Ghana’s domestic gas sector, Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, paid a working visit to the Ghana National Gas Company (GNGC) on July 16, 2025, as part of his ministry’s ongoing stakeholder engagement drive. The visit forms part of a broader government initiative aimed at aligning...
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Shell Global VP meets Namibian President on exploration plans
A delegation from oil major, Shell led by Eugene Okpere, Shell’s Executive Vice President for Exploration Strategy, Portfolio, Integrated Gas, and Upstream, has met with President Netumbo Nandi-Ndaitwah to discuss the company’s ongoing activities and future plans in Namibia’s oil exploration sector. During the meeting, the President expressed appreciation for Shell’s investment in Namibia and...
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Just 22% of Ghanaian Households Used Clean Fuels in 2022 – ISSER Report
A recent report by the Institute for Statistical, Social, and Economic Research (ISSER) reveals that only 22% of households in Ghana relied on clean fuels in 2022, despite the existence of national policies aimed at promoting cleaner energy alternatives. The report also highlighted stark disparities in clean fuel use based on wealth. While 18.5% of...
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We Are Not Selling ECG—We’re Just Involving the Private Sector, Jinapor Clarifies
The Minister for Energy and Green Transition, John Abdulai Jinapor, has clarified the government’s stance regarding the Electricity Company of Ghana (ECG), amid rising concerns from civil society organizations (CSOs) and the general public. Addressing the Government Accountability Series on Wednesday, July 16, 2025, Jinapor emphasized that cabinet has approved private sector participation in ECG’s...