Business Outlook Africa

Energy

President of Ghana, H.E John Dramani Mahama
Energy

Mahama Outlines Comprehensive Energy Reforms in 2026 State of the Nation Address

President John Dramani Mahama has announced that the African Development Bank has committed $100 million to support the construction of renewable energy-based mini-grids for selected communities across Ghana. Speaking on the Energy Sector during his delivery of the 2026 State of the Nation Address in Parliament on 27th February 2026, the President explained that the initiative forms part of broader government efforts to strengthen and modernise the country’s energy sector. “ I’m pleased to announce that the African Development Bank has committed to providing 100 million dollars to fund the construction of renewable energy-based mini-grids for these communities.” Prez Mahama stated The President further highlighted provisions captured in the 2026 Budget to ensure the timely payment for all Liquefied Natural Gas (LNG) consumed. He added that, as part of measures to promote equity and fairness within the energy sector, government has reached an agreement with Tullow Oil and its Jubilee Field partners to guarantee payment for all gas supplied and utilised. According to President Mahama, the move will support reliable nationwide electricity supply and accelerate industrial growth. “ To announce that the 2026 budget has made adequate provision to ensure timely payments for all liquid natural gas that we consume going forward. Mr. Speaker, to ensure equity and fairness the government has also held constructive engagements with Tallow Oil and the Jubilee Field Partners and we’ve reached a comprehensive roadmap to guarantee full payments for all gas that is consumed. This approach supports reliable nationwide electricity generation and accelerates industrial growth.Engagement with upstream partners has resulted in increased gas production, guided by a clear national vision to rapidly scale up domestic gas supply and reduce reliance on expensive liquid fuels.” Under the Off-Grid Solar Home Systems programme for public institutions, the delivery of 350 solar systems has commenced. These systems will be installed in selected public institutions to reduce power consumption and improve energy efficiency. “ The ministry also supplied 12,000 new smart net metres from the end of the first quarter of this year, 2026, and under the off-grid solar home system for public institutions, delivery of materials for the first phase of 350 systems has commenced. It means that public institutions are going to be fitted with solar to reduce their power consumption. Mr. Speaker, as part of the 50 systems of the first quarter of this year, 2026, and under the off-grid solar home system for public institutions, delivery of materials for the first phase of 350 systems has commenced. It means that public institutions are going to be fitted with solar to reduce their power consumption. ” Government says the combined measures are aimed at upscaling domestic gas operations, reducing state expenditure on energy imports, ,improving national electricity access, which currently stands at 89.05 percent and reducing the amount of electricity generated lost which is currently at 25%.

Energy

GRIDCo Apologises as Electrical Fault Disrupts Supply in Tema

The Ghana Grid Company Limited (GRIDCo) has announced a power outage affecting some customers in Tema following an electrical fault at the Smelter II substation. In a statement released on the February 24,2025, the company said the disturbance occurred at about 22:58 hours on Monday, February 23, 2026, leading to an interruption in electricity supply in parts of the city. GRIDCo noted that its engineers are currently diagnosing the cause of the fault and working to restore power to affected areas as quickly as possible. The company apologised for the inconvenience caused and assured customers that every effort is being made to resolve the issue promptly and restore stable electricity supply. Tema is one of Ghana’s major industrial hubs, and power disruptions in the area can impact both households and businesses, making swift restoration critical. GRIDCo says further updates will be provided as investigations into the incident continue and repair works progress.  

Energy, Uncategorized

NPA Urges General Public To Disregard Media Commentary On Anticipated Gas Shortage.

The National Petroleum Authority (NPA) has directed the general public to disregard media commentary on the anticipated gas shortage. In a statement released on February 20, 2026, in response to a news publication on a commentary made by the Chief Executive of the Chamber of Oil Marketing Companies (COMAC), Dr.Riverson Oppong, the NPA assured the public that there is enough Liquefied Petroleum Gas (LPG) in stock to meet demand, citing over a month’s supply cover and increased production from local refineries. The Authority further indicated that, under the current national import plan, an additional LPG cargo is expected within the next two weeks to strengthen existing stock levels and ensure continuous supply across the country. Consumers were therefore advised to desist from panic buying and remain calm, as there is no imminent LPG shortage in Ghana, with regulators maintaining close monitoring of the market to keep it well supplied.