Ghana is better placed to become the energy hub in West Africa, especially in the area of renewable energy, the Co-Chair of Ghana Extractive Industry Initiative (GHEITI), Dr Steve Manteaw, has stated. According to him, the coun­try had all the critical minerals such as lithium, graphite, bauxite, silica sand, manganese, iron ore, and steel, for renewable energy power generation and transition. Dr Manteaw stated this in an interview with reporters during the GHEITI Technical Work­shop organised by the GHEITI Secretariat under the Ministry of Finance, saying, “Ghana should be pragmatic about” its energy transition agenda. “By being pragmatic, I mean the country does not become fixated with just oil and gas, as if that is what will resolve all our problems. The oil and gas are useful, but again, we need to also position ourselves to be able to attract investments into the re­newable energy sector,” he stated.

The workshop aimed to provide a platform for stakeholders to share their experiences, challenges, and best practices related to the Extractive Industries Transparency Initiative (EITI) implementation. The workshop was organized by the Ministry of Mines and Energy, the Ministry of Finance, and the National Oil and Gas Company (NOC). The workshop was held in [City, Country] on [Date].

This trend of declining oil production has serious consequences for the country, including a potential economic downturn, increased energy insecurity, and job losses. Furthermore, the reports highlighted that the lack of investment in exploration and production has also led to a significant decline in the country’s natural gas production, impacting both domestic and international markets. The oil and gas industry plays a critical role in the country’s economy.

The country is considering a shift towards renewable energy sources. The country has identified a need for increased investment in renewable energy. The country is exploring various options for financing this investment. The EU is currently implementing a Taxonomy Programme, which the country could rely on to raise financial resources to increase investment in renewable energy.

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