A large alternating current (AC) project started on 1 November 1924, and a small plant consisting of three horizontal single cylinder oil-powered engines was installed in Koforidua in 1925.

[7] A Ghanaian power station at Swedru was commissioned in 1948 and this was followed by the installation of generating plants at Akim Oda, Dunkwa-on-Offin and Bolgatanga in 1948.

At this time, this project provided the bulk of all electricity consumed in Ghana, some 60 percent of which was purchased by Volta Aluminum Company (VALCO) for its smelter.

Since December 2012, billions of dollars a year have been lost from the Ghanaian GDP, due to the delays in construction of a gas refinery in Sekondi-Takoradi.

[16] Tremendous inflow of economic capital from fossil fuel into the Ghanaian economy, began from the first quarter of 2011 when Ghana started producing crude oil and natural gas in commercial quantities and the Ghana crude oil industry accounted for 6% of the Ghanaian economic revenue for 2011.

In 2020, the country supplied more than 12 million metric tons of oil equivalent of energy, which was an all-time high compared to the five preceding years.

Ghana’s final energy consumption, which refers to what is consumed by end users, reached around 8.6 million tons of oil equivalent in 2020.

This initiative replaces one of the existing 50MVA transformers, significantly increasing the installed capacity to effectively manage rising load demands, especially during peak hours (7 pm-11 pm).

[18] The biggest photovoltaic (PV) and the largest solar energy plant in Africa, the Nzema project, based in Ghana, will be able to provide electricity to more than 100,000 homes.

Construction work on the GH¢ 740 million (£ 248 million) and the 4th largest solar power plant in the world, is being developed by Blue Energy, a UK-based renewable energy investment company, majority owned and funded by members of the Stadium Group, a large European private asset and development company with £ 2.5 billion under management.

[23] Ghana has put in place mechanisms to attract investments into its biomass and bio-energy sectors to stimulate rural development, create jobs and provide foreign exchange.

[11] Biomass is Ghana's dominant energy resource in terms of endowment and consumption, with the two primary bio-fuels consumed being ethanol and biodiesel.

[11] Highlights of the key policy objectives strategy for the renewable energy areas include sustaining the supply and efficient use of wood-fuels, while ensuring that their utilization does not lead to deforestation.

[11] The plan would support private sector investments in the cultivation of bio-fuel raw materials, extraction of bio-oil and its refining into secondary products, thereby creating appropriate financial and tax incentives.

[11] The combined effects of climate change and global economic turbulence, had triggered a sense of urgency among Ghanaian policymakers, industry and development practitioners to find sustainable and viable solutions in the area of bio-fuels.

Energy is sourced from both renewables and fossil fuels, which form the basis of the electricity supply and consumption in the country.

According to data by the International Energy Agency, Ghana’s electricity mix in 2021 relied on natural gas (62.6 %) and hydropower (34.1 %).