Energy economist Kofi Ntow Kwaning has urged the government to accelerate the implementation of its planned 1,200 megawatt gas-fired power generation projects, warning that delays could have serious long-term consequences for Ghana’s energy security and economic stability.

Speaking on JoyNews’ The Pulse on Monday, April 27, he referenced the 2026 budget statement, particularly page 117, which outlines the government’s intention to expand power generation capacity using natural gas.

He noted that the project was expected to commence this year, but progress has been slow as the country moves into the second quarter.

"In the 2026 Budget, specifically page 117, I think, it came out that the government is going to build about 1,200 megawatts by using gas, and it was supposed to have started this year, but we are in the second quarter, nothing has started," he said. "So I urge the government to just speed up because if you are not able to do this by 2030, there is going to be a huge ramification for the Ghanaian, especially industries and residential homes."

Mr Kwaning stressed the need for government to urgently prioritise commitments outlined in the budget, adding that global volatility in oil and gas markets makes energy planning more critical than ever.

He warned that delays could expose the country to external shocks in fuel pricing and availability, potentially affecting power generation and supply reliability.

“We should go ahead and do what we promised in the budget and ensure we achieve those results,” he stated.

He also referenced ongoing discussions around reforms within the Electricity Company of Ghana (ECG), including earlier considerations of partial privatisation, noting that improvements in the distribution sector remain key to enhancing efficiency and financial sustainability.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Tags:

Economist urges government to speed up 1,200 MW gas project for 2026 budget

Suggested for you

More Stories

Wilmar gets late win as Ghana Airports get first win

Claire's closes all 154 stores in UK and Ireland, 1,300 workers lose jobs

Ashanti ECG workers demand return of transferred managers as infrastructure problems worsen

Energy economist calls for clear timeline for power restoration

Six prisoners escape, three recaptured, police search for remaining three

KNUST's Dr Linus Labik wins DARA Research grant as APSU 2002 celebrates academic milestone

Discussion