By Patrick Biddah
Ghana is expected to save $ 1bn annually by constructing its second gas processing plant which is to kick-start in a few months time.
The savings will be made in view of the fact that Ghana will not have to spend the said amount on the importation of liquid fuel to power its plants.
The Minister for Energy and Green Tradition, Mr John Jinapor, who made this disclosure at a press conference on Monday May 12, 2025, explained that, the savings, will help invest in other critical sectors of the economy that needs critical funding.
The Minister, who was speaking at the inauguration of both the Technical and Steering Committees for the project, indicated that the New Patriotic Party ( NPP) did little in getting another gas processing plant for the country and it has taken the return of NDC to initiate the processes for the second one after it built the first plant in its first administration .
Aside from the fact that the upcoming project, will feed the power plants, he underscored the fact that it will alsocreate a total of 1,500 direct and indirect jobs.
According to him, the project is being fast tracked and there will be the need for members of the committee to quicken the processes which will eventually be taken to cabinet for approval before going to Parliament.
The Minister for Finance, Mr Casiel Ato Forson, further stressed the need for the second gas processing plant .
According to him , the demand for electricity has been on the increase every year and there was the need to meet these demands by exploring other sustainable sources of power production.
In view of the fact that the project should have long started in the 8 years that the NPP was in government , the Finance Minister, urged the members of the committee not to dwell on non essential issues.
He advised them not to allow the bureaucratic process to be an obstacles for their early completions.
He, therefore, gave them a month to be able to finish their work.