Renewable energy will remain a major area of investment in the country which still requires huge investment to operate the power industry’s transformation. The 2nd RENPOWER GHANA will gather industry leaders and technology providers who will show you around into the current developments and prospects of all relevant areas of clean energy transition in the country. Networking opens opportunities,…
In this Global Platform video Kojo Aduhene, CEO of LMI Holdings, emphasises the importance of industrialisation for the African continent, as well as the key role the private sector can play in securing the necessary infrastructure. Regional integration, sustainability and job creation will be key to future growth.
Oil and gas exploration in Ghana has come a long way since the West Africa Oil and Fuel Company dug the country’s first documented discovery well, WAOFCO-2, in the Takanita concession in 1896. Located onshore in the Tano River Basin in western Ghana, the well was approximately 35 metres deep and produced 5 barrels per day (bpd). By comparison, Jubilee Field, which lies 60 km out to sea from the…
With recent years seeing major expansion in both generation capacity and grid connectivity, Ghana is now close to achieving a UN Sustainable Development Goal: universal access to electricity. Additionally, it has good solar and wind resources, which can be harnessed to shift the energy mix towards more renewable energy. The country is also host to the largest hydropower project in West Africa. In 2020…
Artisanal and small-scale mining (ASM) is a major driver of the economy, directly employing an estimated 1m Ghanaians and supporting around 4.5m others. ASM – categorised by concessions of under 4000 sq metres – has accounted for around onethird of the country’s total gold output in recent years. “Almost all the jewellery worn in Ghana is manufactured with gold coming from ASM,” Frank Boateng,…
International oil and gas prices dropped dramatically in early 2020 when countries around the world, including Ghana, enacted measures to curb the spread of Covid-19. While reduced activity saw demand for fuel drop, this was not the case for all industries. “Contrary to consumer patterns during the pandemic, essential industries such as agriculture did not see reduced fuel consumption,” Fareed…
Mining is a key component both of Ghana’s national economy and the global extraction industry. The country overtook South Africa as the continent’s largest gold producer in 2018 and has held the title since. The Covid-19 pandemic highlighted the mineral’s prominent role, as gold is seen as a safe investment during uncertain times. Although hampered by the pandemic’s impact on daily mining operations,…
Interview: Rahul Dhir Which factors contribute to Ghana’s attractiveness for investment in oil and gas, and how have global developments impacted this space? RAHUL DHIR: There are a number of factors that make Ghana attractive, including political stability, an educated pool of human resources, high-quality oil, and a location that is advantageous for exporting to Europe and the US. The general…
Interview: Douglas Macquarrie What challenges does the Ghanaian mining sector face when it comes to encouraging development and attracting investment? DOUGLAS MACQUARRIE: Mining is an important contributor to Ghana’s GDP and accounts for the largest portion of the country’s exports by value, at nearly 50%. As such, continuing to strengthen the sector will create jobs and have wider economic benefits.…
Ghana is the first African country to achieve independence from British colonial rule, and is widely known for its natural resources such as cocoa, as well as its inland water sources. Several measures have been taken to balance government revenue and spending, and the country remains a safe haven for foreign direct investment, which stood at $830m in the first half of 2021. The most recent genera