Ghana seeks global investment in Energy sector


The Minister of Energy, Dr. Matthew Opoku Prempeh, has called on global energy leaders and experts to invest in Ghana’s burgeoning energy sector.

Speaking at the 2024 Africa Energy Forum (AEF) in Barcelona, Spain, Dr. Prempeh highlighted Ghana’s strategic initiatives aimed at fostering economic growth, enhancing citizens’ quality of life, and leading in sustainable energy within the sub-region and beyond.

He highlighted the significant potential for renewable energy development, energy access improvements, and grid modernization in Ghana and stressed the need for substantial investment to meet the demands of the country’s growing population and expanding business and industrial sectors.

“We need your investment to unlock the potential of our energy sector, accelerate economic growth, improve energy security, and enhance the quality of life for our citizens”, he noted.

At a Ministerial Roundtable, he joined other African Energy Ministers to discuss “Energy Systems for the Future,” focusing on balancing Africa’s unique needs with global sustainability goals.

The discussions emphasized the continent’s shift towards cleaner energy sources while ensuring robust industrial growth.

Dr. Prempeh also engaged with the UK Trade Commissioner for Africa and various energy sector leaders to strategize on attracting investment, particularly under initiatives like the Powering Africa programme.

Additionally, in meetings with World Bank officials, he discussed the importance of collaborative efforts to achieve a stable and sustainable energy sector that can drive economic development in Ghana.

Participating in a panel on “Building Cohesive Gas Value Chains and Developing Future Infrastructure,” Dr. Prempeh highlighted the critical role of natural gas in Africa’s industrialization, considering the global energy transition.

He argued that natural gas remains the most viable fuel for power generation and industrial processes.


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