Ghana Commits to Major Energy Transition

Ghana has officially launched its National Energy Compact under the Mission 300 initiative, marking a major step toward expanding access to clean, affordable, and reliable energy for all citizens. The announcement was made during a high-level event at the Bloomberg Philanthropies Global Forum in New York, held alongside the United Nations General Assembly.

The launch was led by President John Dramani Mahama in partnership with the World Bank, reaffirming Ghana’s commitment to advancing energy transition and strengthening national energy infrastructure. Under the Compact, the country has outlined four key targets: increasing the share of renewable energy in the national mix from the current 4% to 10% by 2026 and 30% by 2030; mobilising investments to boost energy access and infrastructure; promoting clean cooking solutions to reduce dependence on traditional fuels; and enhancing the productive use of energy to drive job creation and economic growth.

Speaking at the event, President Mahama emphasised the transformative potential of universal energy access, stating, “Ghana believes universal energy access is essential for empowering businesses, reducing poverty, and creating equal opportunities.”

Mission 300 is a continent-wide effort spearheaded by the World Bank Group, African Development Bank Group, Sustainable Energy for All (SEforALL), and the Rockefeller Foundation. The initiative aims to connect 300 million people across Africa to electricity by 2030, with Ghana’s Compact representing a significant contribution to this goal.