Ghana has launched its National Energy Compact to undertake a series of activities to increase the share of renewable energy in its national energy mix and mobilise significant investments to support energy infrastructure and access.
The compact is part of the ambitious Mission 300, a continental effort to expand access to clean, affordable and reliable electricity across Africa by 2030.
President John Dramani Mahama launched the compact last Wednesday at the Bloomberg Philanthropies Global Forum, held on the sidelines of the United Nations General Assembly (UNGA) in New York.
The high-level event brought together global leaders, development partners and private sector stakeholders to accelerate action on key global challenges, including energy access.
Mission 300 is a high-impact, Africa-wide initiative, led by the World Bank Group, the African Development Bank Group, Sustainable Energy for All (SEforALL), the Rockefeller Foundation, and other development partners.
Compact commitments
President Mahama explained that under the Energy Compact, the country had outlined four transformative objectives, which included increasing the share of renewable energy in its national energy mix from four per cent to 10 per cent by 2030, mobilising significant investments to support energy infrastructure and access, and promoting clean cooking solutions to reduce reliance on traditional biomass.
He said enhancing the productive use of energy to stimulate economic growth, particularly in underserved areas, was also an integral objective of the country-specific energy compact.
“These commitments align closely with the broader goals of Mission 300 and position Ghana as a key contributor to the continent’s energy transition,” President Mahama stated.
“Ghana believes universal energy access is essential for empowering businesses, reducing poverty and creating equal opportunities,” he added.
A step towards sustainable development
The Minister of Energy and Green Transition, John Abdulai Jinapor, who later joined a panel discussion to flesh out the issues, said by joining Mission 300, Ghana was not only reinforcing its national energy ambitions, but also contributing to the United Nations Sustainable Development Goal Seven, ensuring access to affordable, reliable, sustainable, and modern energy for all.
The National Energy Compact, he said, also signalled Ghana’s commitment to inclusive growth, climate action, and regional leadership in the clean energy transition.
Mission 300
Launched in 2023, Mission 300 aims to connect 300 million people in Africa to electricity by 2030.
The initiative was born out of urgent need: nearly 600 million people across Africa still live without access to electricity, limiting health care, education, economic opportunity and quality of life.
Mission 300 focuses on expanding access to clean and renewable energy, mobilising public and private investment, supporting policy and regulatory reforms to accelerate energy deployment, and empowering communities through decentralised energy solutions and off-grid systems.
