Ghana needs $562 bn to go green by 2070 – Energy Ministry
By Solomon Nartey Tetteh
Ghana will require an estimated $562 billion to fully transition to clean energy by 2070, according to the Ministry of Energy and Green Transition. The announcement underscores the country’s long-term commitment to phasing out fossil fuels and embracing sustainable energy solutions.
The ambitious projection comes as Ghana gears up for its first nuclear power project, with construction expected to begin in 2027. Meanwhile, efforts are underway to expand access to renewable energy through projects such as the development of 33 solar mini-grids for island and lakeside communities.
Speaking at a stakeholder engagement session on Ghana’s Energy Transition Framework in Accra on Wednesday, May 21, Dr. Robert Sogbadji, Deputy Director for Renewables and Green Emerging Technologies, reaffirmed the government’s commitment to the plan.
“We currently have over 89% electricity access nationwide. But the transition must reach every region, and District Chief Executives must take the lead in integrating green energy goals into local development plans,” he said.
Dr. Sogbadji stressed that financing the transition cannot rest solely on the government’s shoulders.
“We need about $562 billion to fully implement the transition by 2070. This requires collaboration from the private sector, development partners, and multilateral development banks,” he added. The Energy Transition Framework outlines Ghana’s roadmap for reducing carbon emissions, expanding renewable energy access, and ensuring energy equity for all citizens, part of a broader push to align with global climate targets while securing energy independence.
