Ghana needs $562bn for energy transition by 2070 – Energy Ministry

Ghana will need approximately $562 billion to fully implement its energy transition agenda by 2070, the Ministry for Energy and Green Transition has disclosed.

The announcement comes as the country prepares to commence construction of its first nuclear power plant by 2027, forming part of long-term plans to diversify energy sources and reduce carbon emissions.

“This is a massive investment, but it is essential for our sustainable future,” the Ministry emphasized during a stakeholder engagement on Ghana’s Energy Transition Framework held on Wednesday, May 21, in Accra.

Dr. Robert Sogbadji, Deputy Director for Renewables and Green Emerging Technologies at the Energy Ministry, highlighted ongoing projects as critical steps toward the transition.

“We are developing 33 new solar mini-grids for island communities,” he said, noting these projects demonstrate progress toward cleaner, decentralized energy.

The Ministry also stressed the need for increased collaboration between government, private sector players, and international partners to meet the ambitious financial and infrastructural demands of the energy roadmap.