The government has announced plans to develop a 1.5-gigawatt solar-hydropower generation project with battery energy storage systems at Buipe in the Savannah Region as part of efforts to deliver affordable and reliable electricity for industries operating under the 24-Hour Economy programme.
The project will be implemented in phases, beginning next year with the construction of a 100-megawatt solar power plant equipped with battery storage. Subsequent phases will be rolled out until the full 1.5-gigawatt capacity is achieved.
Speaking at the opening of the seventh Ghana Investment and Trade Week in Accra, Presidential Advisor on the 24-Hour Economy, Augustus Goosie Tanoh, said the initiative is expected to significantly reduce industrial electricity costs, with tariffs projected to fall from the current 18–23 US cents per kilowatt-hour to between 7 and 9 cents.
He said the lower energy costs would improve the competitiveness of Ghanaian manufacturers, reduce production expenses, attract new investment and support job creation by making locally produced goods more competitive in domestic and export markets.
According to Mr Tanoh, the government signed a Joint Development Agreement for the project on April 10, 2026, describing it as a major milestone in Ghana’s energy transition and industrialisation agenda.
He explained that the renewable energy project forms part of the broader 24-Hour Economy strategy to expand manufacturing, increase exports and create sustainable employment. The government has also begun aggregating electricity demand from industrial parks, inland ports and logistics hubs to provide investors with guaranteed off-take arrangements for power generation projects.
Mr Tanoh added that the renewable energy programme will support the development of electric mobility, affordable housing and agro-industrial parks along the proposed Volta Economic Corridor.
The government is inviting local and international investors, development finance institutions and pension funds to participate in financing the project, which has been structured to reduce investment risks and ensure long-term commercial viability.
The announcement was made during the seventh Ghana Investment and Trade Week, a three-day event themed “Powering Ghana’s 24-Hour Economy for Investment and Trade Competitiveness,” which seeks to position Ghana as a leading destination for investment, trade and innovation.