Director of Power at the Ministry of Energy and Green Transition, Solomon Adjetey, has stated that the government is actively reviewing agreements with Independent Power Producers (IPPs) to ensure fairness, transparency and financial sustainability in the energy sector.
This review is part of a broader energy sector recovery programme aimed at stabilising the power industry and restoring investor confidence.
If successful, it could reshape the countrys energy landscape.
Adjetey emphasised the governments commitment to promoting energy efficiency and fostering an environment that encourages private investment.
At the heart of Ghanas transition mission is access to reliable and affordable energy. The ministry is embarking on a comprehensive review of terms and agreements with IPPs for fairness, transparency and financial sustainability, he said.
He emphasised that Ghanas energy transition is not just about adopting new renewable sources but also redesigning the countrys infrastructure and mindset toward sustainability.
Globally, transition is accelerating, and Ghana is poised to walk the path. Energy efficiency means more than saving electricity; its about reducing consumption while increasing output, he stressed.
The director reiterated that the government is championing private sector participation in electricity distribution; nonetheless, it is also committed to establishing a renewable energy and green transition fund to support initiatives in the energy sector.
He said that by enabling private sector participation, losses can be reduced drastically; hence, the ministry is focusing on building energy-efficient facilities, streamlining regulatory frameworks and cutting down transmission losses to make power more accessible and affordable.
We are seeking technical and financial support to achieve efficiency as off-grid solar solutions are being explored to provide cheaper renewable energy access, he added.
He explained the ministry will adopt a people-centered approach that is economically viable to lower energy costs for industries while creating jobs and lowering emissions.
Green Building Code
He further added that as part of the governments green transition initiative, the green building code is being implemented to ensure conformity and standardisation.
The Ghana Green Building Code (GhBC) officially known as GS 1207:2018 aims to establish minimum requirements for buildings, focusing on public health, safety and environmental sustainability.
It promotes resource efficiency, energy conservation and responsible waste management in the building and construction sector.
This code is crucial for ensuring uniformity in standards and compliance for stakeholders in the industry while also contributing to Ghanas commitment to reducing energy consumption and greenhouse gas emissions, he elaborated.
He made these remarks at global electronics giant TCLs West African market expansion launch.
With electronics manufacturing and technology companies constantly upgrading their products with innovative solutions that are energy efficient, the state remains committed to ensuring a longevity-enabling ecosystem for these machines.
To this effect, the government is also actively seeking standardised customs processes and harmonised regulations across borders to improve energy distribution and attract investment into key sectors such as manufacturing, mining and agro-processing.
Watch the latest episode of BizTech below: