Gas Processing Plant Could Halve Ghana's $800m Fuel Bill - John Jinapor
Accra, Ghana - 13 March, 2025 - Ghana's government is sounding the alarm over the country's escalating fuel costs, with an estimated $800 million earmarked for liquid fuel expenditures in 2025 alone acccording to Energy and Green Transition Minister John Jinapor.
The minister's warnings come as Ghana struggles to balance its energy needs with the need for sustainable and cost-effective solutions.
He emphasized the critical need for a collective effort to set up a new gas processing plant while addressing Parliament on Wednesday, March 12, 2025.
This collaborative push, according to him is deemed essential to tackle the nation's energy challenges and ensure a sustainable future.
Such a plant, he argued, would enable Ghana to process domestic gas, reducing reliance on imported liquid fuels and saving an estimated $400 million annually. This, in turn, would strengthen the local currency, increase fuel availability, and provide cheaper alternative energy sources for consumers.
“This year alone, we require about $800 million to procure liquid fuels. If we had established a gas processing plant, we could save $400 million of that amount annually.
“And so if we are able to do a gas processing plant and process domestic gas, it will strengthen the currency and make fuel really available and gives you cheaper alternative sources of fuel which can be passed on to consumers. Also, we are diversifying our energy mix and bringing in renewable energy,'' he stated.
Source: Lead News Online
