President John Dramani Mahama, has expressed strong confidence in Ghana’s ability to resolve key challenges in its energy sector, assuring stakeholders that solutions are on the horizon.
“I believe that by the end of this year or next, we should be able to resolve the issue and make everyone whole, especially those in these sectors,” President Mahama stated yesterday, during a panel at the Africa CEO Summit in Abidjan.
The President’s remarks come as Ghana is making a strategic push to become West Africa’s leading petrochemical hub, anchored by its US$60 billion Petroleum Hub project.
But even as the country invests heavily in hydrocarbons, Mahama made clear that this development would not come at the expense of climate responsibility.
In an exclusive conversation at the Africa CEO Forum 2025 (#ACF2025), he outlined Ghana’s evolving energy roadmap, which includes a shift towards cleaner energy sources and the establishment of a Renewable Energy Investment Fund to support that transition.
“Our ambition is to strike a careful balance between energy sovereignty, climate action, and fiscal stability,” the President said. “This is not just about powering the country—it’s about transforming it.”
He spoke on the theme “Oil and Renewable Energy: A Dual Bet for Ghana’s Future”, delivering a message designed to reassure investors, development partners and energy stakeholders of Ghana’s long-term stability and vision.
With increasing global scrutiny of fossil fuel investments, Ghana is positioning itself as a model for energy diversification, leveraging its natural resources while preparing for a low-carbon future.