Energy and Green Transition Minister, John Abdulai Jinapor, has disclosed that the government is expected to spend over $800 million on liquid fuel in 2025 to sustain the operations of Ghana’s thermal power plants.
Speaking in Parliament on Wednesday, 12th March 2025, Mr Jinapor warned that this level of expenditure is unsustainable and poses a significant financial challenge.
He stressed the need for immediate and long-term solutions to reduce the country’s reliance on costly fuel imports.
The minister advocated for the establishment of a new gas processing plant, which he believes would provide a more cost-effective and stable fuel supply.
He explained that without such strategic interventions, electricity generation costs would continue to soar, placing a greater financial burden on both consumers and industries.
“This year alone, we require about $800 million to procure liquid fuels. If we had established a gas processing plant, we could save $400 million of that amount annually,” he stated.
He further emphasised that developing domestic gas infrastructure would stabilise the local currency, enhance fuel availability, and offer cheaper alternatives to consumers.
Mr Jinapor also underscored the importance of diversifying Ghana’s energy sources, highlighting the government’s commitment to increasing renewable energy adoption.
He maintained that investing in sustainable solutions would not only cut costs but also drive long-term energy security and economic growth.
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