Ghana to explore gas, electric vehicles—Bawumia
Vice President Mahamudu Bawumia has urged stakeholders participating in the ongoing National Energy Transition Forum to set a specific target and propose a plan towards the use of gas and electricity-based vehicles in Ghana.
He noted that as most advanced nations had set a target to end the production of fossil fuel-based vehicles by 2030 in tandem with the goal of ensuring a net-zero carbon emission, it was imperative that Ghana should have a plan towards the use of gas and electricity-based vehicles and work towards realising it.
Vice President Bawumia, therefore, commended the Ministry of Transport’s plan to pilot the
use of gas and electricity-based vehicles in the country very soon.
Vice President Bawumia said this in Accra on Tuesday when he delivered the keynote address
at the opening of the National Energy Transition Forum on the theme: “Moving Ghana towards
a Net-Zero Future”.
The Minister of Transport, Mr Kwaku Ofori Asiama, had earlier stated that, he would use half of
the GH¢20 million of the Ministry’s budget to purchase gas and electricity-based buses for
piloting.
The National Energy Transition Forum seeks to solicit stakeholders’ inputs towards the
implementation of a harmonious national energy policy that is in sync with the Paris Accord,
which aimed at achieving a net-zero carbon emission.
Energy Transition refers to the global shift from carbon-based systems of energy production
and consumption such as crude oil, coal and wood fuels to clean energy sources like wind,
solar and nuclear in reducing carbon emissions towards net-zero.
Vice President Bawumia observed that Ghana and other developing countries would face the
cost of the world’s quest to transition from the use of fossil fuels to renewable energy sources.
That, he said, would result in increase in petroleum prices and negatively impact the macroeconomic variables of most developing countries including Ghana.
“We have to be aware that this transition is going to take place over the next 30 years, but the
cost is being felt today.
“There is less and less funding available for oil exploration and exploitation and we have seen
an increase in oil prices globally.
“As this transition is talked about today and taking place, many of these developing countries
are facing very high cost of petroleum prices and that is resulting in economic impact such as
high inflation in many countries as prices of goods increase to correspond with increase in
petroleum prices,” the Vice President explained.
“So, we have to be very aware of where this is going. Many have said that petroleum price
increase is going to remain at such high levels, and we are not going to see any major decline.
And so how do we as developing countries like Ghana adjusts to this new reality or if it
becomes the new normal of high oil prices?” Dr Bawumia asked.
The Vice President expressed the Government’s commitment to promote the use of renewable
energy sources such as the utilisation of natural gas for generation, expansion of gas pipelines
to key demand centres, increase access to liquefied petroleum gas for household cooking and
electricity, small and medium hydro power in the national energy mix.
He gave the assurance that President Nana Addo Dankwa Akufo-Addo, the Chair of ECOWAS
would champion efforts to make best of global energy transition in the sub-region.
He said it was imperative that the regional bloc undertook broad consultation on the subregion’s energy transition plan based on individual country’s plan.
Mr Ken Ofori-Atta, the Minister of Finance, in an address, said Ghana’s quest for a net-zero
carbon emission should not be achieved at the expense of the country’s development.
He said the country would make a conscious effort to ensure that Ghana continue to achieve
her development agenda in an environmentally safe and friendly manner.
The forum was organised by the Ministry of Energy in collaboration with the ministries of
Transport, Environment, Science, Technology and Innovation and Finance.
It is expected that six other regional fora will be organised in the next two months to solicit
stakeholders’ inputs towards ensuring a harmonious energy policy that is in sync with the Paris
Accord.