- Ghana seeks private investment in Ghana’s power sector to improve electricity distribution and strengthen energy sustainability.
- The ten-year plan aims to create a reliable, self-sufficient, and inclusive energy system.
Ghana has launched a major private investment in Ghana’s power sector as part of a ten-year plan to transform its energy system. The Ministry of Energy and Green Transition announced it will attract private capital to upgrade electricity distribution and build a self-sustaining power network.
The plan comes as energy demand rises sharply, putting pressure on existing infrastructure. Speaking at an energy roundtable, Sulemana Abubakar, Deputy Director of Power, said the government prioritises financial reforms. These reforms aim to make the power sector more stable and less dependent on state funds while encouraging private participation.
According to Abubakar, the strategy focuses on improving distribution efficiency, expanding renewable energy, and investing in digital systems. He explained that smart infrastructure will reduce technical losses, improve billing accuracy, and enhance customer service. As a result, the sector can recover costs more effectively and strengthen transparency.
The government also intends to promote local production for renewable projects. This approach will create jobs, cut import dependence, and ensure that clean energy growth benefits domestic industries.
Ghana Grid Company (GRIDCo) has warned that rising power demand continues to stretch available capacity. The nation’s peak demand is 4,070 megawatts, but may exceed 6,000 MW by 2030. Therefore, regular capacity additions and reliable gas supplies are vital to avoid power shortages.
Abubakar added that the reforms include governance upgrades, improved cost recovery, and transparent implementation of the cash waterfall mechanism. These efforts aim to stabilise finances and ensure fair revenue distribution across the energy chain.
Currently, Ghana’s energy debt exceeds $3 billion. Hence, private capital is essential for future progress. Experts estimate that between $7 billion and $10 billion in investment will be required within ten years to modernise power generation, transmission, and distribution.
Successful private participation relies on strong regulation, political stability, and risk management. Ghana must meet these conditions to achieve its energy ambitions. If effectively implemented, this private investment in Ghana’s power sector could mark a turning point towards affordable, stable, and clean power for every citizen.