President John Dramani Mahama has announced his government’s intention to establish a Renewable Energy Investment and Green Transition Fund at the just ended Mission 300 Africa Energy Conference in Dar es Salaam, Tanzania. The conference, hosted by the Government of Tanzania, the African Union, the African Development Bank Group, and the World Bank Group, aimed to advance the ambitious Mission 300 initiative, which hopes to provide electricity access to 300 million Africans by 2030.
In a speech at the conference, President Mahama explained that the Renewable Energy Fund would be financed through a combination of domestic and international sources. The goal is to ensure long-term support for expanding renewable energy solutions, particularly for off-grid rural communities.
Additionally, President Mahama reaffirmed his government’s commitment to clean energy initiatives, highlighting the cylinder recirculation model, which aims to promote clean cooking among women and reduce dependence on traditional biomass fuels.
The President said this fund will accelerate the deployment of solar energy solutions for households, public buildings, and remote rural communities, particularly the 11 percent of Ghanaians who currently lack access to electricity.
He said a successful energy transition hinges on the availability of skilled labour and expertise. The move according to many climate activists is a significant step toward achieving Ghana’s target of 10 percent renewable energy generation by 2030.
