Ghana’s government is set to spend over $800 million on liquid fuel for thermal power generation in 2025, a figure Energy and Green Transition Minister John Jinapor has described as unsustainable.
Addressing Parliament on Wednesday, March 12, 2025, Mr. Jinapor stressed the urgent need to invest in domestic gas processing to reduce reliance on expensive fuel imports.
“This year alone, we require about $800 million to procure liquid fuels. If we had established a gas processing plant, we could save $400 million annually,” he revealed.
He argued that prioritizing gas processing infrastructure would not only cut costs but also stabilize the local currency, ensure fuel availability, and provide a cheaper energy alternative for consumers.
Additionally, the minister highlighted the government’s commitment to diversifying Ghana’s energy mix by increasing renewable energy investments, further reducing dependence on costly thermal power generation.
With rising fuel expenditures threatening to strain the economy, Mr. Jinapor urged stakeholders to support the establishment of a new gas processing plant, emphasizing its long-term benefits for energy security and economic stability.
