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The business community is urging for more reliable and affordable energy to support the country’s push for a “24-hour economy.” Speaking on the sidelines of Power Energy Ghana Expo and BuildExpo Ghana 2025, Ghana Union of Traders Association (GUTA) President Joseph Obeng highlighted mounting concerns over high energy costs, which he said are burdening manufacturers and traders as they seek to expand. Obeng stressed that as Ghana accelerates its industrialisation agenda, access to energy that is both dependable and affordable is non-negotiable. 24-Hour Economy is a business revolution, not just extended working hours – Mahama “In our quest to industrialise as a nation, it is very important that we have affordable energy sources; otherwise, our efforts will be in vain due to competition with the rest of the world. It is crucial for us to access affordable energy rather than relying on old and obsolete sources that produce energy at higher costs,” he stated. As part of its recommendations, GUTA is advocating for greater adoption of renewable energy solutions, noting that clean energy must become more accessible and cost-effective for Ghanaian businesses. The association has previously highlighted solar and other alternatives as critical to reducing operational pressures on enterprises and positioning the country for sustained economic growth. For his part, Deputy Minister for Energy Richard Gyan Mensah, speaking on behalf of the sector ministry, outlined a suite of initiatives aimed at transforming Ghana’s energy landscape to better support industrial and economic activity. Among the measures highlighted: • Tariff rationalisation for independent power producers (IPPs) to improve affordability while maintaining investor confidence • Competitive and transparent procurement frameworks for new generation and infrastructure projects • Strengthening of the cash waterfall mechanism to ensure predictable payments across the energy value chain • Accelerated deployment of renewables, and localization of solar assembly and battery storage solutions • Digitalization of operations across the energy sector, from data-driven planning to smart distribution systems • Enhancing local content so that Ghanaian firms are fully engaged in the country’s “green transition” agenda The government’s strong emphasis on energy reform reflects its belief that a robust energy system is foundational to industrial expansion, business growth, and job creation. In addition, India’s High Commissioner to Ghana, Manish Gupta, reaffirmed his country’s commitment to strengthening bilateral cooperation in key areas including energy, trade, and technology, a sign of increasing global interest in Ghana’s energy-industrial pathway. All you need to know about Ghana’s new vehicle number plates | BizTech
