Ghana Targets Net-Zero by 2070 with $500 Billion Investment Drive

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The Ministry of Energy and Green Transition has announced an ambitious plan to achieve net-zero emissions by 2070, with the estimated cost of transition exceeding $500 billion. To mobilize the necessary investment, the Ministry is set to introduce tax incentives for renewable energy projects and streamline regulations to attract increased private sector participation.

This was revealed at the West Africa Green Economy Roundtable 2025, organised by Pent Media Centre in partnership with African Consolidated Analytical Limited.

Chief Director of the Ministry, Solomon Adjetey, reaffirmed the government’s long-term commitment to sustainable development.

“Net zero means that whatever emissions you generate must be reduced or eliminated through matching measures. Our programme targets 2070, but we are working to reach that goal even earlier,” he stated.

Mr. Adjetey emphasized that Ghana’s transition document outlines the estimated $500 billion investment needed to reach this goal, highlighting the critical role of both policy reform and financial innovation.

Faith-Based Groups and Community Engagement

Apostle Alexander Nana Yaw Kumi Larbi, Chairman of the Prisons Service Council, called on faith-based organizations to play a greater role in addressing illegal mining and driving mindset change.

“Galamsey has been with us for a long time, but not at the scale we see today. The church must engage communities and speak to the conscience of people, especially within churches and mosques,” he said.

Strengthening Multi-Sector Collaboration

Director of Pent Media Centre, Ps. Dr. Felix Dela Klutse, stressed the importance of building partnerships across sectors to unlock solutions.

“It’s imperative that we bring together academia, industry leaders, the clergy, policymakers, and environmental advocates. The African Green Economy Roundtable provides a platform to design practical solutions and make the green economy a reality,” he noted.

Forum Theme

The forum was held under the theme:
“Advancing Sustainable Development through Green Growth in West Africa.”