Ghana’s net-zero transition to cost over $500bn

The Ministry of Energy and Green Transition has announced that achieving a net-zero energy transition by 2070 will require investments of more than $500 billion.

To mobilise the needed funds, the Ministry plans to introduce tax incentives for renewable energy projects and streamline regulations to attract greater private sector investment.

Speaking at the West Africa Green Economy Roundtable 2025 organised by Pent Media Centre in partnership with African Consolidated Analytical Limited Chief Director of the Ministry, Solomon Adjetey, reaffirmed government’s commitment to building a resilient energy transition framework.

“Net zero means that whatever emissions you generate must be reduced or eliminated through matching measures. Our programme targets 2070, but we are working to reach that goal even earlier. As outlined in our transition document, the estimated cost for Ghana to achieve net zero is over $500 billion,” he said.

Chairman of the Prisons Service Council, Apostle Alexander Nana Yaw Kumi Larbi, emphasized the role of faith-based organizations in advancing the transition agenda and tackling illegal mining.

“Galamsey and illegal mining have been with us for a long time, but not at the scale we see today. The church has a key role to play by engaging communities and speaking to the conscience of people, especially those in churches and mosques,” he noted.

Director of Pent Media Centre, Ps. Dr. Felix Dela Klutse, also called for stronger collaboration across all sectors.

“It’s imperative that we bring together academia, industry leaders, the clergy, policymakers, and environmental advocates to design practical solutions. The African Green Economy Roundtable provides a platform to discuss how to make the green economy a reality,” he said.

The theme for the forum was: “Advancing Sustainable Development through Green Growth in West Africa”