The government is set to launch a Renewable Energy and Green Transition Fund as part of efforts to accelerate Ghana’s shift towards sustainable energy solutions.

Delivering the 2025 State of the Nation Address in Parliament today, President John Dramani Mahama announced that the initiative will play a crucial role in enhancing energy efficiency and expanding renewable energy infrastructure across the country.

"With regards to renewable energy, this administration will soon operationalise a Renewable Energy and Green Transition Fund to enhance efficiency and accelerate Ghana's transition to renewable energy," he stated.

According to President Mahama, the fund will drive investment in solar streetlights, rooftop solar installations, off-grid solar systems, electric vehicle charging stations, and rechargeable outboard motors. These measures, he noted, will help reduce reliance on the national grid while positioning Ghana as a leader in Africa’s green energy transition.

The President also reaffirmed his government’s commitment to achieving 100% gas utilisation for power generation to eliminate the use of crude oil and fossil fuels. He stressed that this shift would bring relief to electricity consumers and save Ghana hundreds of millions of dollars spent annually on fuel imports.

"We will bring relief to all users of electric power. We also aim in the medium to achieve hundred per cent gas utilisation for power production and to eliminate the use of crude oil and fossil fuel. This will save Ghana hundreds of millions of dollars spent on the importation of fuel oils for power production annually," he said.

Ghana has taken significant steps towards energy transition in recent years. In September 2023, former President Nana Akufo-Addo launched the Ghana Energy Transition and Investment Plan during the UN General Assembly. The plan outlines a pathway for Ghana to achieve net-zero energy-related carbon emissions by 2060, integrating low-carbon solutions in key sectors such as oil and gas, industry, transport, and power.

The government’s new Renewable Energy and Green Transition Fund is expected to build on these efforts by attracting investments in clean energy and reinforcing Ghana’s commitment to sustainable economic development and climate action.