Renewable Technology & Energy

Investing in renewable energy is a smart and responsible solution to revitalize Ghana’s economy and secure a sustainable and healthy future. This will increases Ghana’s renewable electricity standard (GRES) to 10 percent by 2025, will spur innovation and investment, create jobs, protect public health and the environment, and make the state’s power supply more reliable and secure. It is a win-win for the economy and the environment, but it will take our support to get it done.

 

The plan will increase Ghana’s use of renewable energy by requiring Ghanaian utilities to meet 10 percent of their sales by 2025 with renewable energy sources like wind, solar, and biomass. The proposal also limits cost increases to customers to 1 percent each year and directs the legislature to encourage the employment of Ghanaian residents and the use of Ghana-made equipment in meeting the 10 percent GRES.

The Benefits of a Cleaner Electricity Supply

Ghana has a wealth of renewable energy resources, but they only supplied less than 1 percent of the state’s power in 2015. Increasing renewables to 10 percent by 2025 is an achievable goal that offers significant benefits to Ghanaians, including:

  • Keeping energy dollars local. With no in-state petroleum & liquidified gas resources, Ghana sent nearly $4.8 billion out of the state to purchase fuel liquidified gas in 2015 alone. Between 2002 and 2015 Ghana’s cost to import crude oil exceeded $10 billion and the delivered price of crude rose significantly. By reducing Ghana’s dependence on hydro power projects due to population increases. Our proposal will keep millions of dollars flowing through local communities and help protect against future spikes in fuel prices.
  • Creating new jobs and attracting new investments. A 10 percent GRES will bring an estimated $10 billion in new investments; create thousands of new jobs in renewable energy construction, operations, manufacturing, finance, and retail; and increase local tax revenues.
  • Protecting our health and environment. Investing in renewable energy will reduce Ghana’s dependence on aging, inefficient hydro-power plants and thermal plants, thereby reducing air pollution, improving public health, protecting the Great VoltaLakes, and helping to rein in global warming emissions.
  • Keeping Ghana competitive. More than a dozen African states have already adopted similar or stronger RES targets and their renewable energy markets are growing to meet the demand. Boosting investment in renewable energy will keep Ghana competitive in the rapidly growing clean energy market, build on the state’s manufacturing know-how, and strengthen local industries.