Opoku Prempeh calls on global investors to invest in Ghana’s energy sector

The Minister of Energy, Dr. Matthew Opoku Prempeh, has appealed to global energy leaders and experts to invest in the Ghanaian energy sector as it is developed to support economic growth, improve the quality of life of its citizens and lead in sustainable energy development in the sub-region and beyond. .

In a speech at the Africa Energy Forum (AEF) 2024 in Barcelona, ​​Spain, on Tuesday, June 25, 2024, Dr. Prempeh highlighted Ghana’s potential in renewable energy, energy access and grid modernization, which requires massive investments in clean energy to meet the needs of a growing population, business centers and industries.

He shared his insights on the future of energy in Ghana and the entire African continent, highlighting the enormous potential of Ghana’s energy sector.

“We need your investment to unlock them, accelerate our economic growth, improve energy security and improve the quality of life of our citizens,” he appealed to world leaders and energy experts.

During the ministerial roundtable, Dr. Opoku Prempeh joined African energy ministers to discuss “Energy Systems of the Future”, focusing on balancing Africa’s needs with global goals.

He also met with the UK Trade Commissioner for Africa and energy sector leaders to develop a strategy for positioning Ghana’s energy sector for investment, particularly through the Powering Africa programme.

On the sidelines of the AEF, Dr. Prempeh met with senior World Bank officials to discuss the importance of consolidating efforts to create a stable, efficient and sustainable energy sector that can drive Ghana’s economic growth.

Additionally, he took part in a panel discussion entitled “Building coherent gas value chains and developing the infrastructure of the future.” During this session, the Minister of Energy emphasized that “Africa’s industrialization will depend largely on increasing the use of natural gas as it is the most cost-effective fuel for power generation and other industrial processes as part of the global energy transition agenda.”

The Minister’s involvement in the AEF aims to position Ghana as a prime energy investment destination, leveraging the country’s strategic location, favourable business environment and growing energy demand.

By leveraging its renewable energy resources and expertise, Ghana aims to become a beacon of sustainable energy development in Africa, creating a model for other countries to follow.

The African Energy Forum is the leading platform for energy stakeholders to share innovations and best practices. Dr. Prempeh’s participation demonstrates Ghana’s commitment to building a robust energy sector that benefits its citizens and contributes to achieving global sustainable energy goals.

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