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Second gas plant to save Ghana nearly $500m, create 1,000 jobs - Finance Minister

12th May 2025 3:58:02 PM

2 mins read
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Finance Minister Dr Cassiel Ato Forson has indicated that Ghana's Second Gas Processing Plant (GPP II) which is "long overdue" will enable the country to save "nearly $500 million and create over 1,000 jobs for our people."

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Ghana will this year spend over $1 billion on expensive liquid fuels to power the plants — a burden on the economy and on ordinary citizens, according to the sector minister.

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Minister for Energy & Green Transition John Abdulai Jinapor and Finance Minister Dr Cassiel Ato Forson, on Monday afternoon, inaugurated the Implementation Committee for Ghana's Second Gas Processing Plant (GPP II).

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The sector minister has issued a 4-week timeline to Implementation Committee for Ghana's Second Gas Processing Plant (GPP II) to finalise their implementation plan.

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"I reminded the committee, chaired by the Deputy Minister for Energy, that the time for bureaucracy is over. The nation is counting on them to deliver..." Dr Forson added in a post on X.

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In 2015, President John Mahama inaugurated the c, Ghana's first, which is being operated by the Ghana National Gas Company (Ghana Gas).

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Dr Forson noted that although Atuabo Gas "has been a lifeline for Ghana," GPP II will be "a game-changer for our energy security, economic stability, and national welfare."

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"We are committed to getting it done!" the sector Minister added.

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The Atuabo Gas, a $1-billion project which was started in July 2011, had the objective of processing more than 180,000 tonnes of liquefied petroleum gas (LPG) for domestic use.

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There are growing concerns over the energy sector’s financial sustainability and operational efficiency.

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Ghana’s energy sector continues to grapple with mounting debt and liquidity constraints, which have strained power generation and distribution. The financial burden, estimated to exceed US$2 billion, has impeded investment in infrastructure and technological advancements necessary for a sustainable energy supply.

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However, John Abdulai Jinapor has reaffirmed the government’s commitment to implementing innovative financial solutions to address the ongoing crisis in Ghana’s energy sector.

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