By Benjamin Nii Nai Anyetei
At the Bloomberg Philanthropies Global Forum in New York, President John Dramani Mahama officially launched Ghana’s National Energy Compact under the umbrella of Mission 300, a landmark initiative aimed at significantly expanding access to electricity across Africa.
Mission 300, led by the World Bank Group and the African Development Bank, in collaboration with partners such as the Rockefeller Foundation and Sustainable Energy for All, seeks to connect 300 million people on the continent to clean, affordable, and reliable power by 2030.
Under Ghana’s compact, the country has outlined four key objectives:
Increase the share of renewable energy in the national mix from 4% to 10% by 2026, and to 30% by 2035.
Mobilize large-scale investment in the energy sector.
Promote clean cooking solutions.
Advance the productive use of energy to drive economic growth.
“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,” President Mahama said.
Energy and Green Transition Minister John Abdulai Jinapor added that Ghana’s commitment to Mission 300 is expected to attract $20 billion in investments over the next decade, targeting grid modernization, renewable energy projects, and efficiency measures.
The initiative comes at a critical time, as nearly 600 million Africans still lack access to electricity. By providing power to homes, schools, hospitals, and businesses, Mission 300 aims to transform lives, create jobs, and accelerate economic growth across the continent.
