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Business Opportunities for Renewable Energy in Ghana

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The Ghana government has created an environment that is conducive for business in the renewable energy sector by putting emplacing (1) explicit feed-in tariffs (FITs) for energy generated by renewable sources and (2) the Ghana Investment Promotion Centre, which is a one-stop shop for all investment enquiries and assistance. According to this report, an enabling policy environment and higher electricity/gas tariffs provide increasing opportunities for investments in renewable energy. Moreover, if designed well, such investments could benefit from subsidies provided by donors and/or climate financing instruments. Opportunities for investment and trade relate to hardware and software, consultancy, advisory services, project development, import, manufacturing, distribution and sales. According to the authors, a growing market exists there is plenty of scope for new players.