About $800m worth of fuel needed to power thermal plants – Jinapor

Energy and Green Transition Minister John Jinapor has revealed that the government is projected to spend over $800 million on liquid fuel in 2025 to power the country’s thermal plants.

According to the minister, this level of expenditure is unsustainable and could put a strain on Ghana’s financial resources if alternative solutions are not implemented.

Addressing Parliament on Wednesday, March 12, 2025, the minister stressed the urgent need for a collaborative effort to establish a new gas processing plant.

He highlighted that without strategic interventions, Ghana’s electricity generation costs would remain high, further burdening consumers and slowing down industrial growth.

“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.”

Source: citinewsroom.com