At the Bloomberg Philanthropies Global Forum held in New York, President John Dramani Mahama officially launched Ghana’s National Energy Compact under the umbrella of Mission 300, a bold initiative aimed at significantly expanding access to electricity across Africa.
“Mission 300: Energising Africa” initiative seeks to connect 300 million people on the continent to clean, affordable, and reliable electricity by 2030.
The initiative is spearheaded by the World Bank Group and the African Development Bank Group, in collaboration with key partners such as the Rockefeller Foundation and Sustainable Energy for all.
Under the Compact, Ghana has set out four transformative objectives:
1. Increase the share of renewable energy in the national energy mix from 4% to 10% by 2026 and 30% by 2035.
2. Mobilize significant investment in the energy sector.
3. Promote clean cooking solutions.
4. Advance the productive use of energy to support economic growth.
President Mahama rings NASDAQ bell
“Ghana believes universal access to energy is essential for empowering businesses, reducing poverty, and ensuring equal opportunities for all. Achieving this vision requires strong partnerships between governments and the private sector, supported by an enabling environment for sustainable investment,” the president stated.
The Minister of Energy and Green Transition John Abdulai Jinapor stated that Ghana’s embrace of Mission 300 serves as a blueprint for attracting $20 billion in investments over the next decade, focusing on grid modernization, renewable energy projects and energy efficiency.
This effort directly addresses Africa’s persistent energy access gap, where nearly 600 million people still live without electricity.
By connecting individuals, businesses, and entire economies to power, Mission 300 aims to transform lives, energizing hospitals and schools, creating jobs, and stimulating investment and trade across the continent.
SP/SA
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