The government of President Nana Akufo-Addo assumed power on a promise to take “Ghana Beyond Aid”, and is pushing ahead with initiatives to formalise the economy, diversify its manufacturing base and overhaul its taxation structure. Ghana’s ability to retain fiscal discipline will be tested, with election-related expenditure expected to increase in the run-up to the 2020 poll.
Ghana is turning to renewables as a way to expand its electricity capacity and diversify the energy mix, with the private sector flagged to take the lead in a major project rollout.
Ghana’s bid to increase the nation’s solar capacity is taking place across a number of fronts. Most of this capacity is derived from the 20-MW photovoltaic (PV) plant operated by independent producer BXC Ghana. The government has expressed its determination to end reliance on kerosene lanterns in rural regions – which are known to be...
Ghana’s energy sector is in a moment of transition. In 2017 oil was the largest source of energy in the country, at 42.5%, closely followed by biomass at 40.6%. This mainly consists of the firewood that has historically been used to heat homes and small businesses. While some traditional energy sources remain popular, new developments are...
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