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Ghana

Ghana’s energy sector has faced critical financial challenges in recent years, resulting in substantial and unprecedented arrears made up of due and overdue monthly bills, idle capacity charge payments and PPA related claims to the Independent Power Generators Ghana (IPGG).
@Annie Spratt on Unsplash
@Annie Spratt/Unsplash
Cooking on firewood and coal increases air pollution and ill health. Some of the dangers include stunted growth in children and undernutrition in children and adults. Babies who’ve been exposed to charcoal and firewood smoke while in the womb can have reduced birth weight.
Financial institutions in Ghana are increasingly considering ESG and sustainability factors when deciding where to allocate funding. Some banks and financial institutions such as Ecobank Ghana Limited have created special departments for ESG. Some of these banks are seeking funding support from the Green Climate Fund (GCF) to finance ESG projects.
This Special Purpose Vehicle (SPV) expansion is backed by a £2.35mn (US$3.04mn) commitment from Shell Foundation, co-funded with the UK Government through its Transforming Energy Access (TEA) platform.
Through collaboration, fossil fuel and renewable energy companies can develop innovative solutions to decarbonize energy production, reduce Ghana’s dependence on imported fuels, and enhance energy security. Renewable energy technologies, such as solar and wind power, can provide a stable and sustainable source of electricity.
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The study examines how prepaid metering systems in Ghana’s urban poor communities exacerbate energy poverty due to affordability and reliability issues, suggesting the need for a redefined energy access approach and increased investment in renewable energy.

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