ADVERTISEMENT
Get Started
  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us
Homebase Tv - Hbtvghana.com
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
Homebase Tv - Hbtvghana.com
No Result
View All Result
ADVERTISEMENT
ADVERTISEMENT

Mahama assures investors of government’s commitment to transform energy sector

Thu, May 15 2025 5:50 AM
in Ghana General News
mahama assures investors of governments commitment to transform energy sector
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on TelegramShare on Whatsapp
ADVERTISEMENT
Screenshot 2025 05 15 at 5.45.21 AM

President John Mahama has assured investors and other stakeholders of the government’s commitment to transform Ghana’s energy sector from hydrocarbons to renewables.

President Mahama made the remarks during a discussion on Ghana’s bold vision for becoming West Africa’s leading petrochemical hub while driving forward its renewable energy agenda at the 2025 African CEOs Forum Awards in Abidjan, Ivory Coast.

He reiterated that Ghana was in a transition to green energy; hence, the Renewable Energy Act was passed, which stipulates that at least 10 per cent of the nation’s energy mix should come from renewable sources.

“I’m ashamed to say we are under three per cent at the moment. I think 2.71 per cent of our total power production is renewable, and it’s mainly in the solar space. Solar, Ghana has a comparative advantage to produce solar because we have abundant sunlight,” he said.

He reaffirmed Ghana’s ambition to strike a delicate balance between energy sovereignty, climate action and fiscal stability; a strategy not just for powering the nation but transforming it.

He said the Government was committed to increasing Ghana’s electricity capacity in solar in terms of bigger solar power generation for both industrial and household purposes.

ReadAbout

Government to host high-level Agribusiness Forum as Trade Ministry rolls out interventions to boost industrial growth

Mahama can’t be trusted to defend Ghana’s values against LGBTQ+ – Ntim Fordjour

Mahama can’t be trusted to defend Ghana’s values against LGBTQ+ – Ntim Fordjour

“We’re giving licenses to several companies to begin to set up large-scale solar, 20 megawatts, 50 megawatts, and 100 megawatts, so that we can catch up with at least a 10 per cent power from renewable sources.”

The President said the time had come also for Ghana to follow in the footsteps of some of the Scandinavian countries, including Germany, where people could invest in solar and their households and feed any excess into the national grid.

“We do not yet have the regulation to be able to do that. I have a farm where I’ve installed solar. I’m producing more solar than I need. The utility has given me a meter that allows me to feed the excess power in. So as a responsible citizen, I did so, and so I’m feeding all the excess solar power into the grid, but they say there’s no policy to pay me for the solar, so it’s become a charity.”

On whether he was okay with that? The President responded that he had a personal interest in making sure that they were able to be paid for the solar that they put into the national grid.

He said as part of their agenda for resetting the nation, the Ministry responsible for Energy was named the Ministry of Energy and Green Transition, to reset that Ministry to have a broader view of energy other than what it was traditionally.

He said the country was looking at the medium term, the longer term, where it should be between now and 2040 and 2050.

The President said government was going to gradually eliminate fossil fuels from power production; saying “I believe that within the next four years with the kind of investments that are taking place, we should be able to generate 100 per cent on natural gas and if we put in more solar, then we’re going to rely mainly on those two”.

He, however, noted that in the foreseeable future for public transportation, especially moving goods and services, heavy trucks and all that, they were going to have to continue to rely on oil and diesel.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

  • President Commissions 36.5 Million Dollars Hospital In The Tain District
  • You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
  • I Will Lead You To Victory – Ato Forson Assures NDC Supporters

Visit Our Social Media for More

About Author

c16271dd987343c7ec4ccd40968758b74d64e6d6c084807e9eb8de11a77c1a1d?s=150&d=mm&r=g

hbtvghana

See author's posts

Discover interesting ones too

Government to host high-level Agribusiness Forum as Trade Ministry rolls out interventions to boost industrial growth

Government to host high-level Agribusiness Forum as Trade Ministry rolls out interventions to boost industrial growth

0
Mahama can’t be trusted to defend Ghana’s values against LGBTQ+ – Ntim Fordjour

Mahama can’t be trusted to defend Ghana’s values against LGBTQ+ – Ntim Fordjour

0

Mahama can’t be trusted to defend Ghana’s values against LGBTQ+ – Ntim Fordjour

IMF’s caution against artificial stability of Cedi vindicates our red flag – IERPP

IMF’s caution against artificial stability of Cedi vindicates our red flag – IERPP

I want to lead Ghana to the 2026 World Cup – Mohammed Fuseini

I want to lead Ghana to the 2026 World Cup – Mohammed Fuseini

UniMAC-IJ student wins cash prize at 2025 Commonwealth Day essay competition

Ghana’s CEOs’ optimism and appetite for GenAI risen rapidly – PwC CEO Survey

Exclusive with Mohammed Fuseini: Black Stars forward talks, national team and club career

  • Ghana and Japan agree to pursue UN Security Council reforms

    Ghana and Japan agree to pursue UN Security Council reforms

    0 shares
    Share 0 Tweet 0
  • I resigned because of Prez. Mahama, NDC – former GBA President

    0 shares
    Share 0 Tweet 0
  • Rastafarian student Oheneba Nkrabea graduates from GIS after Achimota saga

    0 shares
    Share 0 Tweet 0
  • Western Region police arrest 44 suspects in major ‘galamsey’ raid

    0 shares
    Share 0 Tweet 0
  • Perseus Mining Ghana announces leadership transition

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
ADVERTISEMENT

Follow Homebase Tv

  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us

© 2014 Total Enjoyment & Proper News

No Result
View All Result

© 2014 Total Enjoyment & Proper News

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
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, 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 have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.