Power Africa Investment Guide: Ghana

Ghana’s economy growth decelerated sharply to an estimated 4.2% in 2014, down from 7.4 % in 2013.Manufacturing and oil production from the offshore Jubilee field, gas supply interruptions from Nigeria, disruptions in power supply, rising inflation, and decline of the Cedi were the key drivers of the slow down. As compared to regional countries with similar energy and oil & gas investment opportunities, Ghana is well-­‐ranked as an investment location, as a consequence of its long history as a stable democracy and an attractive investment climate. With the commissioning of Bui hydroelectric plant, Ghana’s total system installed capacity is 2,837 MW, with electricity reaching some 74% of the population nationwide. However, the firm or dependable capacity would be 2,515 MW. The generation capacity was expected to increase in the third quarter of 2014 by another 240 MW after the commissioning of the Kpone thermal power plant, bringing the total installed capacity to 3,077 MW. Expanding generation capacity, extension of the distribution network, reliability of the power supply, reduction of technical and commercial losses, and access to natural gas feedstocks are areas of focus in the power and energy sectors for the Government of Ghana (GoG) to maintain economic growth.

Tuesday, May 19, 2015 - 8:15am