Energy Minister calls for global investment in Ghana

Minister of Energy Dr. Matthew Opoku Prempeh, has made a compelling appeal to global energy leaders and experts to invest in Ghana’s energy sector.
Speaking at the 2024 Africa Energy Forum (AEF) in Barcelona, Spain, Dr. Prempeh emphasized the sector’s critical role in driving economic growth, enhancing the quality of life for citizens, and leading sustainable energy initiatives across the sub-region and beyond.
Highlighting the country’s potential in renewable energy, energy access, and grid modernization, Dr. Prempeh stressed the need for substantial investment to meet the demands of Ghana’s growing population, business hubs, and industries.
“We need your investment to unlock these opportunities, accelerate our economic growth, improve energy security, and enhance the quality of life of our citizens,” he urged the forum’s attendees.
Dr. Prempeh joined other African Energy Ministers in a Ministerial Roundtable to discuss “Energy Systems for the Future,” focusing on balancing Africa’s energy needs with global sustainability goals.
He also engaged with the UK Trade Commissioner for Africa and heads of the energy sector to strategize on positioning Ghana’s energy sector for investment, particularly under the Powering Africa program.
On the sidelines of the AEF, Dr. Prempeh met with senior officials from the World Bank to discuss the importance of coordinated efforts towards achieving a stable, efficient, and sustainable energy sector capable of driving Ghana’s economic growth.
In a panel discussion on “Building Cohesive Gas Value Chains and Developing Future Infrastructure,” Dr. Prempeh highlighted the crucial role of natural gas in Africa’s industrialization, identifying it as the most viable fuel for power generation and industrial processes amidst the global energy transition.
The minister’s engagements at the AEF aim to position Ghana as a prime destination for energy investment, leveraging the country’s strategic location, favorable business environment, and growing energy demand.
By capitalizing on its renewable energy resources and expertise, Ghana seeks to become a leader in sustainable energy development in Africa, setting a model for other countries to follow.
The Africa Energy Forum serves as a premier platform for energy stakeholders to share innovations and best practices.
Dr. Prempeh’s participation underscores Ghana’s commitment to building a robust energy sector that benefits its citizens and contributes to global sustainable energy goals.