Ghana plans to sign deal for 1,200 MW gas-fired thermal power plant — MyJoyOnline
Ghanaian President John Dramani Mahama said the government plans to sign an agreement by the end of 2026 for the construction of a state-owned 1,200 MW gas-fired thermal power plant. If implemented, the project will become the country’s largest single generating facility.
Mahama announced this on September 25 during a meeting with the Ghanaian community in New York, MyJoyOnline reports. According to him, the installed capacity of the future plant will exceed the 1,020 MW of the Akosombo hydroelectric power plant, which is currently Ghana’s largest single generating facility by installed capacity.
Additional generating capacity
The president explained the decision to develop gas-fired generation by changes in the global energy market, including the transition to renewable energy sources and the spread of electric vehicles. According to him, the government also seeks to avoid investments in energy assets that could become unused due to changes in the energy mix.
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Mahama said that independent power producers, which had previously threatened to suspend generation, are now ready to invest in another 500 MW of capacity. At the same time, the government, he said, prefers the development of additional state-owned generating facilities.
Statements on debt and investment
The president also said that the authorities had paid off energy sector debts and reorganized the Ghana Electricity Company’s payment collection system so that settlements with power producers are given priority. In his view, these changes have helped stabilize electricity supply.
Mahama linked the planned expansion of thermal generation to new investments in the country’s oil and gas industry. He said oil production has increased by nearly 38% since 2025. According to him, Jubilee Partners are investing $2 billion in drilling 20 new wells, while Eni is investing $1.5 billion in commissioning the remaining part of the Sankofa field. The president also said that ExxonMobil and Shell are exploring opportunities to operate in Ghana.
