Energy remains topical and is considered an essential input to our collective effort towards our recovery from the covid-19 pandemic. It is so important and strongly linked to other development factors including the Sustainable Development Goals of the 2030 Agenda, particularly a dedicated goal on energy -SDG7.
To achieve the SGD7 in a post-COVID-19 era and to accelerate economic growth would require disruptive thinking, unconventional strategies and smart investments in the productive sectors of our economies. Failure to do so would hamper economic and social growth and increase our vulnerabilities.
The continent is known for its endowment is endowed with both conventional and renewable energy resources which if properly harnessed, would help us to sustainably meet the energy demand, while responding to the climate change challenge.
Ghana’s Ministry of Energy is fully committed to the goal of developing and ensuring a reliable high-quality energy service at efficient cost to all sectors of the economy through the formulation, implementation, monitoring and evaluation of energy sector policies. The Renewable Energy Act 2011 (Act 832) which aims to facilitate investment in our renewable energy sector was amended in December 2020 to respond to emerging trends of the renewable energy market. Through this amendment we have empowered generators and manufacturers ensure renewable energy is part of their Energy Production and Utilization
The Government’s objective is to reach universal access by 2024 and achieve this before the 10% RE penetration in the national energy mix by 2030. To achieve the 10% renewable energy objective, we are rolling out flagship programmes including scaling-up renewable energy programme (SREP).
The SREP is a multilateral funded initiative with funding from the African Development Bank, Climate Investment Fund and the Swiss Government and the Government of Ghana. The SREP would define the renewable energy landscape in the country to allow private sector to participate and help Government in it’s economic development agenda.
