Ghana energy report
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 2018 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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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
Resources:
Oil and gas resources are located on Ghana's south-west coast and are divided in three basins: Tano (South Tano, 3-AX block, North Tano and West Tano-1 fields), Cape Three Points and Saltpond.
Energy Prices
Electricity:
In 2010, electricity prices for households increased by more than 40% in order to take production costs into account (US$6c/kWh). However, in 2011 they were reduced by 6% for households and by 16% for industries because of the arrival of gas through the West African Gas Pipeline, and to attract industries from Nigeria.
Energy Consumption
In 2018, total per capita energy consumption was 0.34 toe and electricity consumption was about 440 kWh/cap.
Total energy consumption has increased by 3.6%/year on average since 2010 (of which 8.8% in 2018).
Issues & Prospects
To meet its economic growth, the country is working on important projects aimed at the diversification of its energy supply through the development of the use of natural gas and the construction of power plants, while continuing to develop its hydroelectricity and oil resources.
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Below is a list of the Ghana energy market report graphs:
- GRAPH 1: CO2-energy emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2018, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2018, %)
- GRAPH 5: Gasoline & diesel prices (US$/l)
- GRAPH 6: Electricity prices for industry and households (USC/kWh)
- GRAPH 7: Consumption trends by energy source (Mtoe)
- GRAPH 8: Total consumption market share by energy (2018, %)
- GRAPH 9: Final consumption market share by sector (2018, %)
In the Ghana energy market report you will find the following tables:
- Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
- Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source
- Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
- Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
The Ghana energy market data since 1990 and up to 2018 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:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Ghana Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Ghana energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).
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