The African Energy Chamber has called for homegrown solutions to address Africa’s energy infrastructure deficit, which is estimated to require an annual investment of $20 billion.
The Chamber urged oil-producing nations like Ghana to ramp up investments in energy infrastructure to avoid falling victim to energy crisis.
Speaking to journalists after an investor briefing in Accra, Executive Chairman of the African Energy Chamber, NJ Ayuk, emphasized the importance of self-reliance and infrastructure development across the continent.
“This is not just a Ghanaian issue but a continental one, hence, Africa must take charge of its energy future by investing in infrastructure that delivers affordable energy to its citizens without relying on complex international facilities,” Mr. Ayuk said.
He added that closing the infrastructure gap which is estimated to require between $15 billion and $20 billion annually would pave the way for more accessible energy solutions, particularly natural gas.
“Once we bridge this gap, it becomes easier to deliver gas to people daily. That’s why we need pipelines and proper facilities to get there,” Mr. Ayuk said.
The Accra Investor Briefing, organized by the African Energy Chamber in collaboration with Ghana’s Ministry of Energy and Green Transition, offered global investors exclusive insights into Ghana’s evolving fiscal and regulatory framework since the country discovered oil.
The event aimed to attract critical investment into the energy sector while positioning Ghana as West Africa’s leading energy hub.
As part of efforts to modernize the downstream sector, the Bulk Oil Storage and Transportation Company (BOST) announced plans to construct new storage facilities and expand its pipeline network.
Moreover, Nana Anamoa Sakyi, Technical Advisor at BOST, expressed optimism that construction on the new storage tanks will begin soon.
The investor briefing showcased Ghana’s energy roadmap and highlighted emerging opportunities for multi-million-dollar investments in the country’s energy infrastructure.
