Ghana Energy Articles & Analysis

Chapter | Mining from The Report: Ghana 2018

For more than 150 years the mining industry has been one of the key pillars of the Ghanaian economy. While it contributes a modest and – as a result of rising oil, gas and agricultural production – declining proportion of GDP, it remains a major source of government revenue, through taxation and royalty payments, and an indispensable driver of employment and infrastructure development....

Since assuming power in January 2017 the administration of President Nana Akufo-Addo has moved to rein in fiscal spending, industrialise rural regions and improve the business environment in order to jump-start economic growth. The government has brought down the fiscal deficit and freed up capital spending for priority projects, and Ghana’s economic prospects appear strong for 2018.

Displaying 1 - 6 of 106

 

In your opinion, what role would Ghana play in a subregional electricity market?

 

With local output fuelling new thermal power generation projects, natural gas production and distribution is crucial to efforts to reduce power shortages. As projected in the 2015 Gas Master Plan and the 2016 energy outlook published by the Energy Commission, power provision is expected to constitute over 80% of total gas demand from 2015 to...

 

The participation of independent power producers (IPPs) in Ghana has continued to grow since the thermal Takoradi Power Station was first built in Aboadze in 2004. Indeed, IPPs are quickly catching up to public generation in terms of capacity. As of October 2017, the power capacity that is provided by IPPs and non-state-run power plants in...

 

Since product output began in August 2016, the offshore Tweneboa, Enyenra and Ntomme (TEN) field had already produced some 800,000 barrels of oil by late 2017. Extraction efforts are expected to bring about substantial growth in the oil and gas sector in the coming years. “With the positive results for Ghana from the International Tribunal for...

 

Large quantities of commercially viable oil were first discovered in Ghana in 2007. With production starting in 2011, the wealth and potential of these resources has helped the country leverage a spike in headline GDP growth and inbound investment. However, in recent years the economy has suffered alongside other oil-producing nations as...

 

With a population of 27.4m people growing a rate of 2.3% per year, the provision of reliable electricity and clean water has become a main focus for Ghana. The government has made strides in the past decade, particularly in achieving UN Millennium Development Goals related to increased water access, but ensuring consistent service delivery for...