Utilities
From The Report: Ghana 2024
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The utilities sector is expected to experience robust growth over the coming decade alongside positive macroeconomic trends. In 2022 oil comprised one-third of the country’s energy supply, followed by biomass and natural gas, with hydropower and other renewables accounting for less than 6% in total. However, Ghana is aiming for renewable energy sources to account for 10% of its overall energy mix by 2030, with a long-term goal of 150 GW of installed solar photovoltaic capacity by 2060. Ghana estimates that it will need more than $550bn in capital investment to achieve net zero by 2060, with the majority of this spending going to the transport and power sectors.

This chapter contains interviews with Benjamin Asante, CEO, Ghana National Gas Company; and Samuel Dubik Mahama, Managing Director, Electricity Company of Ghana.

Articles from this Chapter

Overview

Clear horizons: Rising demand and sustainability targets are driving solar power generation and capacity-expansion efforts
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The utilities sector is central to Ghana’s industrial and economic development, providing the necessary power to fuel day-to-day activities as well as future growth. The electricity segment delivers supply through a combination of hydropower, thermal and renewable power generation, with a view to meeting growing demand. In parallel, the water and sanitation segment focuses on providing access to clean water and sanitation services, with ongoing initiatives to enhance water and electricity coverage…

Interview

Changing production: Benjamin Asante, CEO, Ghana National Gas Company, on the anticipated role of gas in economic development
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Interview:Benjamin Asante In what ways can Ghana enhance the processing capacity of its gas companies? BENJAMIN ASANTE: The country’s quest to bolster its gas processing capacity is a policy priority, with significant expansion plans revolving around fortifying the critical infrastructure that underpins the industry. This encompasses the enhancement and scaling of both processing and transport infrastructure. Installing a second gas processing plant by 2026 is part of Ghana’s planned…

Interview

Diversifying power: Samuel Dubik Mahama, Managing Director, Electricity Company of Ghana (ECG), on growth avenues, renewables generation and investment prospects for electricity distribution
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Interview: Samuel Dubik Mahama Which key factors are contributing to development in the electricity distribution segment, and what new challenges exist in this space? SAMUEL DUBIK MAHAMA: An increase in electricity demand has a knock-on effect on the size of the distribution network, necessitating an extension of the network to serve new loads and accommodate new customers. Demand is also impacted by considerations such as price, a country’s economic performance, macro-economic conditions and…