Ghana intends to conditionally reduce its greenhouse gas (GHG) emissions by at least 45% by 2030. The country’s nationally determined contributions (NDCs) under the Paris Agreement outline two main goals relating to the energy transition: scaling up renewable energy penetration by 10% by 2030; and scaling up 120 million standard cubic feet (MSCF) natural gas replacements of light crude oil for electricity generation in thermal plants.
These targets signal a step change in how Ghana intends to manage its petroleum and energy sectors. Data and multi-stakeholder dialogue will be key to inform sustainable transition pathways and monitor climate commitments.
Data reported through the EITI can serve as an entry point to inform debate and policymaking related to Ghana’s climate targets. EITI data-driven forecasting can help to understand the potential benefits, address the economic implications of the energy transition and provide evidence for policymakers to manage risks and leverage opportunities.