In a move aimed at reducing the financial burden on businesses grappling with high energy costs, Vice President Mahamudu Bawumia has revealed plans to add 2,000 megawatts (MW) of solar power within the first four years of his government. Apexnewsgh reports
This ambitious plan, which represents almost half of the current electricity consumption, was announced during a meeting with members of the Ghana Union of Traders’ Association (GUTA) in Accra.
Bawumia emphasized the importance of solar energy in cutting costs and stimulating economic growth. He explained that the initiative is designed to significantly lower power expenses, particularly for businesses, in response to pleas from traders for the administration to address the high cost of electricity.
The Vice President also highlighted the broader objective of transitioning from fossil fuels to sustainable energy solutions, aligning with Ghana’s 2070 goal of achieving net zero emissions under the National Energy Transition Framework (NETF). The plan includes converting thermal plants to natural gas, integrating nuclear power, and increasing renewable energy penetration.
Dr. Robert Sogbadji, deputy director of power (Nuclear and Alternative Energy) at the Ministry of Energy, disclosed that renewable energy currently accounts for 33 percent of Ghana’s energy mix, including large hydropower sources. Modern renewables like solar and wind make up 3.1 percent, with a target to reach 10 percent installed capacity by 2030.
Bawumia acknowledged that Ghana’s power costs are among the highest in the sub-region and even surpass those of countries like the United States. To address this issue, he is committed to executing the solar initiative, ultimately leading to reduced electricity expenses.
Furthermore, Bawumia outlined plans to transfer certain government functions to the private sector to reduce public spending, borrowing, and interest rates. He also proposed reforms in the country’s ports to address high import duties, a major concern for traders facing escalating prices of goods.
GUTA President Joseph Obeng raised the issue of political parties imposing their manifestoes on the people without considering their inputs, creating a gap between the government and citizens. He urged political parties to actively engage with the public to promote transparency, accountability, and inclusivity in the democratic process.
Meanwhile, Bawumia’s solar power plan, alongside proposed reforms and policies, signals the government’s commitment to addressing challenges faced by traders and Ghanaians, with a focus on reducing costs, promoting economic growth, and enhancing governance.
Source: Apexnewsgh.com/Ghana
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