A number of key developments in the country are expected to support economic growth in the coming years. A rapidly improving business environment and infrastructural base, the gradual liberalisation of the local currency and increased investment into export-oriented industries are all set to raise living standards and drive the emergence of a large national middle class.
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...
Although the world remains largely dependent upon fossil fuels for power generation, a gradual transition towards renewable sources has been taking place since the 1990s, underpinned by multilateral deals such as the Kyoto Protocol, the Doha Amendment and, more recently, the Paris Agreement. Investment and development in renewable technologies...
The main benefit of a domestic refining industry is that value is maintained in country, reducing the need to import expensive refined products from elsewhere. This benefit is particularly pronounced with complex refineries, which produce high-value products, such as petrol, and middle distillates, such as home heating oil for the domestic...
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