62%
share of gas in electricity production (2021)
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This analysis includes a comprehensive Ghana energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2021 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
62%
share of gas in electricity production (2021)
+13%
gas production in 2021
13%
annual growth in electricity production since 2016
Abstract
Institutions & Energy Policy
The Ministry of Energy is responsible for the whole energy sector and replaced the former Petroleum and Power Ministries.
The Natural Resources, Environment and Climate Change (NREC) Unit, which is part of the Ministry of Finance, oversees the climate policy.
Energy Supply
Gas:
Gas production has tripled since 2018 and reached 3 bcm in 2021 (+13% compared to 2020).
Ghana started commercial gas production from the Jubilee field in 2014 after the completion of a US$1bn gas processing plant. The plant has a capacity of 1.5 bcm/year and is located about 130 km west of Takoradi.
Energy Prices
Oil:
In 2015, the Government allowed oil distributors to fix pump prices. Previously, prices were regulated and subsidised. Gasoline and diesel prices in dollar terms tends to follow international oil prices; gasoline prices in dollar terms are about a third lower than in Ivory Coast, but around 47% higher than in Nigeria (2021).
Energy Consumption
In 2020, total per capita energy consumption was 0.38 toe and electricity consumption was 569 kWh/cap.
Total energy consumption has increased very rapidly since 2017 (+7%/year).
Oil represents 38% of consumption, followed by biomass (35%). Gas has been progressively gaining ground since 2009, reaching 24% in 2021. The remainder is supplied by hydro and solar with 4%.
Issues & Prospects
To meet its economic growth, the country is working on important projects aimed at the diversification of its energy supply through the development of the use of natural gas and the construction of power plants, while continuing to develop its hydroelectricity and oil resources.
Below is a list of the Ghana energy market report graphs:
In the Ghana energy market report you will find the following tables:
The Ghana energy market data since 1990 and up to 2021 is included in the Excel file accompanying the Ghana country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Ghana country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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