Ghana to invest $2 billion in energy
By the AFREEQUE newsroom, based on 3News
Ghana plans to invest $2 billion in energy infrastructure, including a 1,450 MW thermal power plant whose construction is due to begin in December 2026. The first 600 MW is expected in December 2028, according to Finance Minister Cassiel Ato Forson.
Ghana plans to invest $2 billion in energy infrastructure under the third pillar of the New Economy programme. Finance Minister Cassiel Ato Forson announced to Parliament on Thursday 12 November that construction of a 1,450-megawatt thermal power plant at Kafodzidzi-Abrobeano, in the Central Region, would begin in December 2026, according to 3News.
The thermal power plant will be fully financed and owned by the state. The first 600 megawatts are due to be available in December 2028, followed by the remaining 850 megawatts in December 2030. The project is expected to use about 150 million standard cubic feet of additional gas per day from the Sankofa and Jubilee fields, according to Cassiel Ato Forson.
The government also plans a 600-megawatt solar power plant with 2,000 MWh of battery storage. The two facilities are expected to help end the use of emergency power plants by 2030. Accra also plans to spend $500 million between 2027 and 2030 to modernise the electricity transmission network and deploy two million prepaid meters, as well as $200 million over 24 months from January 2027 for a nuclear readiness programme that is to train more than 2,000 scientists.
The announcements come as part of Ghana’s 2027 budget, presented on 12 November, following the announcement of a $10 billion investment programme over four years on 9 November.
