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 expansion of the oil and gas sector adds momentum to a trend that has seen Ghana move from traditional forms of energy, such as firewood and charcoal, towards energy provided by the national grid. The share of biomass in Ghana’s energy mix declined from 52% of total primary energy supply in 2009 to 37% in 2016. Conversely, Ghana’s grid-...
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