Global Energy
Energy lies at the heart of every nation’s economic growth. It serves as the vital organ that drives investments, fuels innovation, and fosters the creation of new industries.
The global energy landscape is undergoing continuous transformation, shifting from the era of wood as the primary fuel, to coal, then oil, and now entering a new age where renewable energy plays an increasingly crucial role. This transition is helping countries build modern, secure energy systems. Alongside volatile prices and occasional shocks, these changes shape dynamic and compelling scenarios for the future.
Ghana’s Energy Sector
Refocusing on Ghana: A Promising Driver of Economic Development
Ghana’s energy sector, encompassing both power and petroleum industries, stands as a key catalyst for the country’s economic growth.
Brief Overview of Power Sector
Ghana’s electricity supply is generated from a mix of sources including hydroelectricity, solar, and thermal power fueled by crude oil, natural gas, and diesel. Additionally, Ghana exports electricity to neighboring countries such as Togo, Benin, and Burkina Faso.
The power generation landscape is vibrant, with active participation from both public and private entities including the Volta River Authority, Bui Power Authority, and Sunon Asogli Power, among others. Power transmission is managed by the Ghana Grid Company (GRIDCo).
Electricity distribution in Ghana is managed by three main utilities: two state-owned—The Electricity Company of Ghana (ECG) and Northern Electricity Distribution Company (NEDCo)—and one privately operated, Enclave Power Company Ltd (EPC).
Ghana is also richly endowed with renewable energy resources that remain largely untapped. These include biomass, wind potential along the coast, and high solar irradiation.
Brief Overview of Petroleum Sector
In 2007, the Jubilee Field marked Ghana’s first major commercial oil discovery. In less than a decade since First Oil from Jubilee, significant progress has been made in the upstream subsector, with several additional discoveries. Ghana now has three offshore producing fields: Jubilee, Tweneboa-Enyera-Ntomme (TEN), and Sankofa-Gye Nyame. The substantial indigenous associated and non-associated gas reserves from these fields have created promising opportunities to diversify the economy.
The petroleum downstream subsector in Ghana is primarily characterised by the importation of crude oil and finished products, refining, storage, transportation, marketing, and sale of petroleum products.
As Ghana positions itself to become an Energy Hub in the sub-region, increased investment in infrastructure will be necessary to enhance efficiency in delivering services and products across the region.
OUR STRATEGIC POSITIONING
The global energy landscape, and Ghana’s sector in particular, presents vast opportunities for delivering essential ancillary services to industry players. This is where Energy Media Group (EMG) comes in.
Originally focused on providing purposeful reporting on sector developments, performance, and key stakeholders, EMG has since expanded its expertise. Building on our early successes, we have strategically positioned ourselves as the partner of choice for advancing our clients’ business objectives and interests within the energy sector.