How To Take Advantages Of Opportunities in Ghana's Energy Sector
Energy is a global resource.
Petroleum, electricity, oil, gas and other forms of energy assist in no small way in the daily lives of all and sundry.
According to the International Energy Agency, the Africa Energy Outlook, a special report in the 2014 World Energy Outlook series, offers a most comprehensive analytical study of energy in Africa, specifically in sub-Saharan Africa, the epicenter of the global challenge, to overcome energy poverty.
More than 620 million people live without access to electricity and nearly 730 million people use hazardous and inefficient forms of cooking, which affects women and children disproportionately.
Meanwhile, those who do have access to modern energy face very high prices for a supply that is both insufficient and unreliable.
Overall, the energy sector of sub-Saharan Africa is not yet able to meet the needs and aspirations of its citizens.
The Ministry of Energy, per its sector review, revealed that Ghana’s power supply sources are from hydroelectricity, thermal fueled by crude oil, natural gas and diesel, solar and also imports from La Cote D’Ivoire.
Ghana also exports power to Togo, Benin and Burkina Faso.
Ongoing grid expansions would allow further exports to other neighboring countries in the sub region.
Ghana has a vibrant power generation terrain with players from both the public and private sectors.
Reforms in the power sector in the 1980’s gradually removed barriers and created a level playing field for the participation of independent power producers in an area which hitherto had only public sector participants.
Since the advent of electricity and other forms of power, efforts have been geared towards ensuring the comfort of mankind by the continuous introduction of inventions and devices to provide relief to as many people as possible.
Private companies have ventured into the provision of solar energy for homes and offices.
Other daring entrepreneurs are coming up with innovative ways to create various forms of energy for the benefit of all.
You don't want to be left out!
Sources:
https://www.energymin.gov.gh/sector-overview
IEA – Africa Energy Outlook, A FOCUS ON ENERGY PROSPECTS IN SUB-SAHARAN AFRICA - World Energy Outlook Special Report (2014).