Gov’t to unveil 1.5GW renewable energy pipeline to cut power costs for industries
Government says it is developing a 1.5GW (Gigawatts) renewable energy pipeline dedicated to industrial use as part of efforts to reduce the high cost of electricity for businesses. Deputy Minister for Trade, Agribusiness and Industry, Sampson Ahi, says the initiative is aimed at providing a more stable and affordable power supply for manufacturers, agro-processors and […]
Government officials are set to announce a 1.5GW renewable energy pipeline aimed at reducing industrial electricity costs. Deputy Minister for Trade, Agribusiness and Industry, Sampson Ahi, unveiled the initiative at the 2026 AGI Ghana Industrial Summit and Exhibition. The renewable energy pipeline will provide a stable, affordable power supply to manufacturers, agro-processors, and other energy-intensive industries, addressing concerns over the high cost of power.
The intervention is part of the government's broader strategy to create a business-friendly environment for investment, production, and job creation. The 24-hour Economy initiative and Ghana Local Value Addition Rebates are also key components of the industrial transformation agenda, targeting job creation and supporting enterprises in processing, manufacturing, and value addition.
Government officials emphasize the importance of micro, small, and medium-sized enterprises, which account for 85% of manufacturing employment and 70% of Ghana's GDP. They are implementing support through export development programs, tax rebates, FASTA certification, concessional export financing, and digital infrastructure.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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