Ghana to Inject 2,000MW of Renewable Energy to Power Volta Economic Corridor

The government of Ghana plans to add 2,000 megawatts of renewable energy to the national grid over the next five years to accelerate industrialisation and drive export-led growth along the Volta Economic Corridor. The corridor initiative is designed to provide reliable, affordable power to industries, agribusinesses, manufacturing, and logistics operations.

The announcement follows a Memorandum of Understanding signed between the 24-Hour Economy Authority, the Accelerated Export Development Secretariat, and ATRI Energy Transition Private Limited to strengthen Ghana’s energy infrastructure and support long-term industrial development.

Presidential Advisor on the 24-Hour Economy policy, Augustus Goosie Tanoh, emphasised that the project is central to ensuring stable electricity for businesses operating under the government’s 24-hour economy programme. “Electricity supported by battery energy storage must stay within a cap of about seven cents per kilowatt hour. Without storage, the price band is expected to remain between four and five cents per kilowatt hour,” he said, noting that these tariffs are significantly lower than current average costs, which can reach 15 cents per kilowatt hour.

Mr Tanoh added that rising demand from emerging sectors, including electric vehicle charging infrastructure and data centres, also drives the need for expanded power capacity. “Peak demand recently rose by about 800 megawatts, largely due to new activities such as EV battery charging and the growth of digital hubs,” he explained.

Chief of Staff Julius Debrah highlighted the economic potential of the corridor, noting that it could unlock major investments and strengthen Ghana’s export value chains. “Investments in shared processing facilities and logistics infrastructure will boost export capacity, mobilise significant capital, enhance agricultural productivity, and create thousands of jobs, especially in northern Ghana,” he said.

Sammidi Kishore, Founder and Leader of ATRI Energy Transition Private Limited, said the company’s investment underscores a long-term commitment to clean and sustainable energy solutions. “We have deliberately moved away from fossil-fuel-based generation and committed to clean, green energy that is both environmentally responsible and economically viable for the end user,” he said.

The government will provide clear policies, regulatory certainty, and critical infrastructure, while the private sector is expected to supply capital, technology, and innovation to translate these opportunities into viable businesses.