His Excellency President John Dramani Mahama has announced plans to introduce off peak electricity tariffs for industries as part of efforts to reduce production costs and improve the competitiveness of Ghana’s manufacturing sector.
Speaking at the Presidential Dialogue with the Private Sector on February 23, 2026, President Mahama said energy pricing reforms would play a critical role in positioning Ghana as a major production hub in West Africa.
The President noted that industrial electricity tariffs in Ghana remain relatively high compared to neighbouring countries, stressing that sustainable industrial expansion depends on affordable and reliable power supply.
According to President Mahama, the proposed off peak tariff system will allow manufacturers to access cheaper electricity during periods of low demand, particularly at night, encouraging continuous factory operations and supporting the government’s 24 hour economy agenda.
President Mahama also outlined broader reforms within the energy sector, including restructuring energy sector debt, expanding electricity generation with increased focus on renewable energy, and strengthening transmission infrastructure to ensure stable power supply.
He described comprehensive energy sector reform as essential to Ghana’s industrial transformation.
The dialogue brought together senior government officials, industry leaders and private sector executives to assess economic conditions and identify strategies to accelerate business growth.
Beyond energy challenges, President Mahama identified limited access to affordable financing, land acquisition difficulties and unfair trade practices as major constraints to industrial expansion. He indicated that government would collaborate with the Bank of Ghana and financial institutions to develop specialised financing windows for manufacturers and expand credit support for small and medium sized enterprises.
President Mahama further warned that smuggling, under declaration and the circulation of counterfeit goods would be treated as economic crimes, with stronger enforcement measures expected.
The President reaffirmed plans to strengthen domestic production in sectors such as agro processing, pharmaceuticals, textiles and steel, describing them as key drivers of job creation and value addition.
Calling for stronger collaboration between government and industry, President Mahama urged businesses to expand production, create jobs and invest in skills development while government works to maintain policy stability and improve the business environment.
“The Ghana we seek will not be built by speeches,” President Mahama said. “It will be built by factories operating at scale.”