Ghana’s Minister for Energy and Green Transition, Hon. Dr. John Jinapor, has outlined a series of reforms he says are helping to stabilise the country’s power sector, strengthen energy security and support industrial growth, according to remarks delivered on his behalf at the 9th Edition of the prestigious Ghana Energy Awards. Delivering the keynote address on behalf of the Minister, the Deputy Minister for Energy and Green Transition, Hon. Richard Gyan-Mensah, said the government inherited a sector “facing significant challenges” but has since implemented measures across power generation, transmission and distribution, exploration and production, and energy finance. “The energy sector is not just about infrastructure and investment; it is about people, professionals, and investors who drive growth,” he said, emphasizing the Ministry’s open-door policy toward stakeholder contributions to national development.
Highlighting notable interventions, Hon. Gyan-Mensah said the Ministry had procured 200 new transformers to ease distribution bottlenecks, renegotiated power purchase agreements (PPAs) that he said saved the state more than US$300 million and continued to enforce the Cash Waterfall Mechanism to improve liquidity among utilities. He added that the Electricity Company of Ghana (ECG) had reduced its expenditure from GHS 9 billion in 2024 to GHS 2 billion in 2025, while monthly revenue had increased from approximately GHS 900 million to GHS 1.7 billion. The Ministry has also terminated more than 200 non-performing ECG contracts valued at US$227 million and plans to open power distribution to private participation by 2026, according to the statement, part of broader efforts to improve operational efficiency and attract investment.
Additional financial reforms include strengthening the Petroleum Commission’s Local Content Fund to enhance local participation in the oil and gas sector. Hon. Dr. John Jinapor’s remarks also pointed to developments in Ghana’s pursuit of nuclear power, saying the country had advanced to Phase 2 of the International Atomic Energy Agency’s (IAEA) Nuclear Roadmap. He said 60% of site acquisition activities had been completed, and the cabinet had approved the establishment of a national nuclear operator company.
The awards ceremony, held under the theme “Repositioning the Energy Sector as a Pillar of National Development,” brought together policymakers, operators and investors from across the energy value chain. The Deputy Minister, Hon. Gyan-Mensah, concluded by commending the award recipients and nominees, noting that their work reflects the innovation and discipline needed to drive Ghana’s energy development.