Energy Ministry outlines bold incentives as faith leaders, media, and industry join forces at regional green economy forum
Ghana’s journey toward a net-zero energy future by 2070 will demand more than $500 billion in climate investments, according to the Ministry of Energy and Green Transition, which is now turning to tax reforms and regulatory streamlining to attract both local and foreign capital into the renewable energy sector.
This was disclosed at the West Africa Green Economy Roundtable 2025, hosted by the Pent Media Centre in collaboration with African Consolidated Analytical Limited, where government officials, private sector leaders, faith-based institutions, and civil society converged to chart a unified path toward sustainable development.
Speaking at the forum, Solomon Adjetey, Chief Director at the Energy Ministry, emphasized that while 2070 is the official net-zero target, the government is actively exploring strategies to accelerate progress, with a financing roadmap at the core.
“Net zero means whatever emissions we produce must be offset or eliminated. Our energy transition framework projects over $500 billion in required investments,” he stated.
“To meet this demand, we are proposing tax incentives for renewable energy developers and a more predictable regulatory environment to stimulate private sector participation.”
The theme of the roundtable, “Advancing Sustainable Development through Green Growth in West Africa,” reflects a growing recognition that environmental and economic goals must align—particularly in resource-rich but energy-challenged regions like West Africa.
Adding a moral and social dimension to the conversation, Chairman of the Prisons Service Council, Apostle Alexander Nana Yaw Kumi Larbi, urged faith-based organizations to step up their role in community engagement, particularly in combating environmental degradation from illegal mining.
“Galamsey is not just an environmental issue—it’s a spiritual and moral one. Churches and mosques must speak to the conscience of their members. It’s time for the faith community to play a stronger role,” he said.
Dr. Felix Dela Klutse, Director of Pent Media Centre and convener of the forum, stressed the importance of cross-sectoral collaboration, noting that siloed solutions are no longer sufficient in the face of a mounting climate and development crisis.
“The green economy cannot succeed unless we create space for dialogue between academia, the private sector, government, and the faith community,” he said.
“This platform is about building bridges and generating real solutions that can be scaled across the region.”
The forum highlighted Ghana’s unique position in West Africa as a regional green energy pioneer, while also underscoring the enormous challenges ahead—particularly in mobilizing sustainable finance, building technical capacity, and ensuring that no community is left behind in the energy transition.
With global climate commitments tightening and regional economies under pressure to decarbonize while growing, Ghana’s $500 billion ambition sends a clear message: the green transition is no longer optional—it’s a shared responsibility and an urgent economic priority.
