Net-zero energy transition by 2070 will require an investment of more than $500 billion. To raise the needed funds, the Ministry of  Energy and Green Transition says it will introduce tax incentives for renewable energy projects and streamline regulations to attract private sector investment.

Speaking at the West Africa Green Economy Roundtable 2025, the acting chief director of the ministry, Solomon Ajetti, reaffirmed the government's commitment to implementing resilient measures to drive the transition agenda.

“If you look at Ghana's green transition, the cost to get to net zero as per the document is over 500 billion US dollars. It is not going to come from the government alone, and therefore it’s going to be private-sector-led. That is why there has to be collaboration between the public and private sectors. That collaboration is always needed,” he explained.

Chairman of the Prison Service Council, Apostle Alexander Nanakum Labi, highlighted the importance of faith-based organizations, including the church, in promoting advocacy for the energy transition and supporting the fight against illegal mining.

“The church has a lot to do. We have to really engage, work very hard, and speak to the conscience of the people, especially those who come to church and those who go to the mosque. We consider about 98%. So if we all believe in the God who created the universe, we can’t sit alone and see the environment destroyed each generation. The church has a major role to play,” he emphasized.

Director of Pent Media Center, Pastor Dr. Phelix Deakluche, also stressed the need for strong multi-stakeholder collaboration to design practical solutions towards building a green economy.

“As a Pent Media Center, it’s imperative that we organize what we call the West African Green Economy Roundtable discussion so that we can bring together academia, captains of industry, the clergy, and other stakeholders and environmental advocates to sit at the same table and decide how best this issue of green economy will become a reality,” he stated.

Meanwhile in February this year, the Energy and Green Transition Minister, John Abdulai Jinapor, held a crucial meeting with Independent Power Producers (IPPs) and other key stakeholders to strategize on ensuring a stable and reliable electricity supply.

This came on the back of threats against power suppliers and ballooning debts that continue to plague the sector.

Discussions held at the Ministry of Energy on Monday, February 24, focused on identifying long-term solutions to Ghana’s power sector challenges. Representatives from the Electricity Company of Ghana (ECG), Ghana Grid Company (GRIDCo), and other power-generating entities participated in the engagement, to assess the sector’s pressing issues.

Key concerns raised included fuel supply limitations, financial constraints affecting power producers, and the need for improved infrastructure maintenance. Participants also explored measures to enhance efficiency and prevent extended power disruptions.

Minister Jinapor reaffirmed the government’s commitment to working closely with industry players to stabilize electricity supply, emphasizing that collective action is crucial for strengthening power generation and distribution across the country.

“Ensuring a stable and reliable power supply remains a priority, and we will continue to engage all relevant stakeholders to address the challenges affecting the sector,” he stated.

The meeting concluded with an agreement to implement immediate measures to mitigate power disruptions while working on long-term reforms.

The minister assured the public that regular updates would be provided as efforts to resolve the power supply challenges progress.

Moreover Ghana's energy sector is burdened with significant debt, which has escalated to over $3 billion as of January 2025. This debt includes financial obligations to Independent Power Producers (IPPs), which stood at $1.2 billion as of October 2024.

The country has been experiencing frequent power outages and load shedding, commonly referred to as "dumsor." This has been a major issue, affecting both residential and industrial sectors.

Ghana's electricity is generated from a mix of hydro, thermal, and renewable energy sources. However, the country has lost 10% of its total electricity generation capacity. The current peak demand has surged to 3,618 MW, significantly exceeding the available capacity of 3,251 MW.