The Deputy Minister for Finance, , has underscored the critical role of the private sector in driving Ghana's energy transformation and achieving universal access to electricity by 2030.
Speaking on behalf of finance minister Dr at the Mission 300 Ghana Compact Review Workshop, the Deputy Minister reiterated the government's commitment to fiscal discipline while championing innovative and sustainable financing models to boost energy access. "Projects under Mission 300 must be financially viable and structured within Ghana's international commitments," Nyarko Ampem said. "We aim to attract concessional finance, leverage private sector capital, and adopt blended finance and public-private partnerships." The workshop brought together key stakeholders from the energy sector, development partners, and financial institutions to assess Ghana's progress under the National Energy Compact and outline a roadmap for energy expansion.
Addressing fiscal concerns, the Deputy Minister stressed that all energy projects must align with Ghana's broader economic strategy to protect debt sustainability. "Energy investments must drive economic growth without increasing contingent liabilities," he noted.
Mission 300 seeks to deliver reliable and affordable electricity to underserved communities, in line with Ghana's climate resilience and sustainable development goals.
