{"id":37216,"date":"2023-03-15T06:20:05","date_gmt":"2023-03-15T06:20:05","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/napo-pitches-strongly-for-ghana-in-barcelona"},"modified":"2023-03-15T07:02:50","modified_gmt":"2023-03-15T07:02:50","slug":"napo-pitches-strongly-for-ghana-in-barcelona","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/napo-pitches-strongly-for-ghana-in-barcelona","title":{"rendered":"NaPo Pitches Strongly for Ghana in Barcelona"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Energy Minister Dr. Matthew Opoku Prempeh has asked investors and decision makers gathered at the North Africa and Europe Energy Exhibition and Conference (NAEPEC) to explore the several opportunities in Ghana\u2019s energy sector for the mutual benefit of both Ghana and the investors.<\/b><\/p>\n

Speaking as a keynote speaker on the topic: \u201cGhana\u2019s current Energy Sector initiatives, the global energy transition, and opportunities available in Ghana\u2019s near \u2013 term initiatives and project\u201d, the Minister said Ghana and for that matter Africa has suddenly become a new hotspot for oil and gas activities but at the same time has to compete for risk-capital in an industry whose very existence is being challenged by the Energy Transition agenda and the systematic shift in investments from fossil fuels to clean and renewable energy.<\/p>\n

According to Dr. Prempeh Ghana\u2019s energy sector is largely regulated by an energy policy that promotes sustainable development of the energy resources available in the country as well as the development of the requisite infrastructure. The policy he said also aims at achieving affordable and reliable energy for domestic and industrial consumption.<\/p>\n

Energy Transition<\/p>\n

In the Minister\u2019s view the global energy transition presents Ghana and the entire globe, with an opportunity to improve on existing policies and initiatives to foster the development of all sectors of economies through the provision of affordable and reliable energy and importantly, improve on even the quality of the air the world breathes.<\/p>\n

\u201cOur respective energy transition plans must therefore take into perspective all the sectors of our economies with deliberate efforts channeled at achieving decarbonisation, energy security, access and efficiency to accelerate industrialization and yet lower carbon dioxide emissions and energy demand\u201d he said.<\/p>\n

He continued \u201cThese issues have to be dealt with through policy and regulatory reforms, fiscal market development and incentives to achieve sustainable consumption and production of energy at national, subregional and continental levels\u201d<\/p>\n

The Minister who is also the Member of Parliament for Manhyia South said Ghana\u2019s US$562.00 billion Energy Transition Framework aims to provide the optimal and sustainable pathway for fuel supply security, diversified energy mix and cost-efficient electricity generation with an estimated medium to long term average electricity generation tariff of US$4.5cents\/kwh to accelerate the socio-economic development of Ghana.<\/p>\n

NEAR-TERM OPPORTUNITIES<\/p>\n

The Minister said the transition framework implementation will lead to the creation of over 1.4 million new jobs and all of you here are invited to be part of Ghana\u2019s energy transition story. \u201cWe require partnerships from the private sector to develop clean energy resources and the associated infrastructure through win-win transactions\u201d he said.<\/p>\n

\u201cThe establishment of a Petroleum Hub is one of the Government\u2019s strategic private-sector led anchor initiatives that would serve as a new pillar of growth in the Ghanaian economy. This US$60 billion phased project will be a significant addition to Ghana\u2019s economy, as the country would become a net exporter of petroleum products\u201d he added<\/p>\n

He further said that natural gas has a critical role in our energy transition framework for power and non-power uses in the medium to long term and this is anticipated to come from domestic sources. \u201cFor us, natural gas shall be the transition fuel for electricity production, industrial heating and transport\u201d he reiterated.<\/p>\n

He continued \u201cthe establishment of the African Continental Free Trade Area (AfCTA) has undoubtedly created the largest free trade area in the world, measured by the number of countries participating. The pact creates a market of over 1.3 billion people across 55 countries with a combined GDP of approximately Four Trillion United States Dollars (US$4 trillion).<\/p>\n

Dr. Prempeh emphasized that Ghana\u2019s political stability and positive prospects certainly underpin the reason it hosts the headquarters of the African Continental Free Trade Area. This he says is certainly a catalyst for quick returns on investments as investors would be exposed to several markets on the African Continent if they pursue the opportunities in Ghana.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Energy Minister Dr. Matthew Opoku Prempeh has asked investors and decision makers gathered at the North Africa and Europe Energy Exhibition and Conference (NAEPEC) to explore the several opportunities in Ghana\u2019s energy sector for the mutual benefit of both Ghana and the investors. Speaking as a keynote speaker on the topic: \u201cGhana\u2019s […]<\/p>\n","protected":false},"author":84,"featured_media":37215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[5092,5096,429],"class_list":["post-37216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nNaPo Pitches Strongly for Ghana in Barcelona - Ghana<\/title>\n<meta name=\"description\" content=\"Energy Minister Dr. Matthew Opoku Prempeh has asked investors and decision makers gathered at the North Africa and Eu ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/napo-pitches-strongly-for-ghana-in-barcelona\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NaPo Pitches Strongly for Ghana in Barcelona\" \/>\n<meta property=\"og:description\" content=\"Energy Minister Dr. Matthew Opoku Prempeh has asked investors and decision makers gathered at the North Africa and Eu ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/napo-pitches-strongly-for-ghana-in-barcelona\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-15T06:20:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-15T07:02:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1678850828.94.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/napo-pitches-strongly-for-ghana-in-barcelona#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/napo-pitches-strongly-for-ghana-in-barcelona\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NaPo Pitches Strongly for Ghana in Barcelona\",\"datePublished\":\"2023-03-15T06:20:05+00:00\",\"dateModified\":\"2023-03-15T07:02:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/napo-pitches-strongly-for-ghana-in-barcelona\"},\"wordCount\":673,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/napo-pitches-strongly-for-ghana-in-barcelona#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/03\/postQueueImg_1678850828.94.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/napo-pitches-strongly-for-ghana-in-barcelona#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/napo-pitches-strongly-for-ghana-in-barcelona\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/napo-pitches-strongly-for-ghana-in-barcelona\",\"name\":\"NaPo Pitches Strongly for Ghana in Barcelona - 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