Africa
With a power score of 2.07, Ghana ranks number 36 among Emerging Markets and number 9 in the Africa region
Power score
2.07/5
Score over time
2021 - 2024
Ghana has a power score of 2.07, which puts it at rank 36 in the Emerging Markets power ranking. In comparison to 2023, Ghana has improved in the power rankings by 14 places, from rank 50, to rank 36.
At 2.07, the power score of Ghana is better than than the regional average of 1.8 in the Africa region and puts it at rank 9 in the region.
Ghana implements policies in 4/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Net metering, and Import tax incentives.
The average electricity price in Ghana has increased from 103.54 USD/MWh in 2022 to 132.72 USD/MWh in 2023. Since 2017, the average electricity price in Ghana has fluctuated between 103.54 USD/MWh (2022) and 226.38 USD/MWh (2017).
The top amount of capacity installed in Ghana in 2023 was in Natural Gas at 48.82%, down from 51.02% in 2022. The technology with the biggest increase in capacity installed in 2023 was Small-scale PV - commercial at 2.47%, up from 1.02% in 2022.
The top amount of electricity generated in Ghana in 2023 was in Large Hydro at 37.86%, up from 28.47% in 2022.
Investment in clean energy in Ghana was around $10.60 million in 2023, a decrease of 24.91% from 2022 ($14.11 million). Between 2018 and 2023, the highest investment in clean energy was in 2020 at $142.27 million, while the lowest was in 2023 with $10.60 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.