Flow battery system project financing options in Ghana 2030

What is Ghana's national energy transition framework?

Alongside the conference, the President launched Ghanaʼs National Energy Transition Framework (the “Framework”) developed by the National Energy Transition Committee. The Framework is the product of a year-long consultation programme.

Does Ghana need energy transition infrastructure?

Ghana currently has a significant lack of necessary energy transition infrastructure. The Framework notes that around USD 76 billion of investment is required for electricity transmission and distribution infrastructure and UDS 14.5 billion for additional gas infrastructure, including an upgraded distribution and transmission network.

Will Ghana's gas demand grow in 2023?

With gas demand growing as a result of its use as a transition fuel, in its most recent Ghana Oil & Gas Report, Fitch predicts that Ghanaʼs gas demand will grow at a year-on-year rate of 5.2% in 2023, with production growing alongside at around 2% year-on-year. The flip-side to the coin for a just energy transition is energy access and security.

How can Ghana achieve a 'just transition'?

The Framework provides a welcome set of long-term recommendations for how Ghana can achieve a “just transition” and meet its net zero commitments without sacrificing the need to attain socioeconomic through the exploitation of Ghanaʼs natural resources or the potentially competing objectives of expanding energy access and security.

Does Ghana need a gas transmission infrastructure?

In its recent 2020 Ghana Upstream Petroleum Industry Report, the Ghana Upstream Petroleum Chamber noted that significant improvements in gas transmission infrastructure would be required before Ghanaʼs existing producing fields could produce additional gas. 2. Inadequate grid capacity:

Can a non-indigenous Ghanaian company incorporate a joint venture company?

In particular, the requirement under the current regime for a non-indigenous Ghanaian company that intends to provide goods or services in the sector to incorporate a joint venture company with an indigenous Ghanaian company and afford that indigenous Ghanaian company an equity participation of at least 10%.