The Minister for Energy, Hon. Dr. Matthew Opoku Prempeh, has outlined plans to chart the nation’s course towards a sustainable energy future.
The Ghana Energy Transition and Investment Plan (GETIP) sets forth a comprehensive strategy with ambitious goals and significant investment opportunities. At the core of GETIP is a vision for a cleaner, more sustainable energy landscape in Ghana.
Addressing journalists at the Minister’s Press Briefing today, the Minister outlined Ghana’s plans for the sector which included substantial near-term investments, massive global market for clean technologies, and a commitment to reducing domestic oil and gas consumption.
“Our vision is clear; Ghana is on the path to a sustainable energy future. GETIP outlines our commitment to cleaner energy sources, job creation, and a significant reduction in emissions,” Dr. Opoku Prempeh said.
He stated that Ghana through this plan is set to attract USD 24 billion in near-term investment for energy infrastructure, with a long-term goal of USD 500 billion in investment opportunities until 2060.
Based on this, he added that the country would seek to take advantage of a USD 650 billion global market for clean technologies by 2030, offering opportunities for the country to develop new domestic industries in areas such as solar PV, electric vehicles, lithium-ion batteries, and clean cookstoves.
With a plan of a substantial 90% reduction in domestic oil and gas consumption by 2060, Ghana would move towards a Net Zero scenario compared to the Business as Usual (BAU) baseline.
The Minister mentioned that Ghana’s path towards sustainable energy would lead to the creation of net additional jobs, with 80% of these jobs directly stimulated by Net Zero investments in solar PV, EV charging infrastructure, and hydrogen fueling stations.
He added that Ghana aimed to ensure environmental sustainability by avoiding CO2 in emissions over the next 40 years by following the Net Zero path outlined in GETIP.
He assured that the country was committed to transition towards cleaner and more sustainable energy sources, reducing carbon emissions, and embracing the global shift towards green technologies stressing that this would not only benefit Ghana’s economy but also contribute to the global effort to combat climate change.
Source: MOI (PR Unit)
