Why should Ghana invest in ewoyaa Lithium Project?

The Ewoyaa lithium project could position Ghana as a strategic supplier of lithium in the global market and help diversify its economy away from traditional commodities such as gold, cocoa, and oil. The project could also pave the way for further exploration and development of other lithium deposits in Ghana and the region.

What is Ghana's Energy Transition Plan?

Solar and biomas contributed one per cent each to the energy mix. Currently, about 70 per cent of Ghana’s generation installed capacity of 5,321MW is from a thermal plant that uses natural gas as its primary fuel. Scope of framework Ghana’s energy transition plan identifies energy and transportation sectors as key areas in reducing emissions.

How much energy will Ghana save by 2030?

The UN said a reduction of pollution and climate impact alone could save the world up to $4.2 trillion per year by 2030. As of 2022, hydro accounted for 38 per cent of Ghana’s energy generation portfolio while thermal accounted for 60 per cent (making it the baseload). Solar and biomas contributed one per cent each to the energy mix.

Can Ghana decarbonise the energy sector?

By Edward Acquah Accra, May 27, GNA- As the world races to transition from fossil fuel to renewable energy, Ghana has developed a National Energy Transition Framework (2022-2070) to decarbonise the energy sector to help achieve net zero targets as part of commitments under the Paris Agreement.

What will Ghana do in 2040?

By 2040, Ghana intends to scale up nuclear power in the electricity generation mix; adopt carbon capture, usage and storage (CCUS) for electricity generation, Oil and Gas and Industries; introduce sustainable aviation fuel (Biofuel for aviation kerosene), and phase out fossil liquid fuel for electricity generation.

Will natural gas be part of Ghana's energy mix in 2022?

Speaking at the 2022 Ghana International Petroleum Conference (GhIPCon) in Accra in September 2022, Vice President Dr Mahumudu Bawumia said natural gas would continue to be part of Ghana’s energy mix in the short term as the country takes steps to fully transition from fossil fuels to renewable energy by 2070.