Ghana’s Energy and Green Transition Minister, John Jinapor, has sounded the alarm on the country’s liquid fuel expenditure, projected to exceed $800 million in 2025. Apexnewsgh reports
This substantial cost is earmarked for powering thermal plants, but Minister Jinapor warns that this level of spending is unsustainable and may strain Ghana’s financial resources.
Addressing Parliament on Wednesday, March 12, 2025, Minister Jinapor emphasized the urgent need for collaborative efforts to establish a new gas processing plant. He stressed that without strategic interventions, Ghana’s electricity generation costs would remain high, burdening consumers and hindering industrial growth.
The minister highlighted the potential benefits of a gas processing plant, citing estimated annual savings of $400 million. “If we can process domestic gas, it will strengthen our currency, make fuel more available, and provide cheaper alternative sources of fuel for consumers,” he explained. Additionally, Minister Jinapor noted that Ghana is diversifying its energy mix and incorporating renewable energy sources.
In related news, Minister Jinapor has also directed a technical committee to develop a comprehensive plan for privatizing the Electricity Company of Ghana (ECG) within a month.
Source: Apexnewsgh.com
