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Investors have been reassured by President Dramani Mahama that Ghana is ready to lead an industrial revolution that will not only change its economy but also act as a catalyst for the continent’s next stage of growth.
At a sod-cutting event for the construction of a solar park at Agortor in the Dawa Industrial Enclave of the Greater Accra Region, the President was delivering a speech.
Solar for Industries Limited (SFI), a division of LMI Holdings Limited, is carrying out the project in two stages, starting with a 200 MWp installation.
With a capacity of 100 MWp, or roughly 2% of Ghana’s total power supply, the first is anticipated to be finished by December 2026, and the second 100 MWp will be added to the grid after nine months.
This is expected to be expanded to 1,000 megawatts (MWp) by 2032, making it the largest and only private utility-scale solar farm in sub-Saharan Africa, excluding South Africa.
President Mahama, who was impressed by the company’s vision, said the Solar for Industries initiative supports a broader environmental agenda and aligns with the Blue Water Guards, the Tree for Life Reforestation Programme, and the Clean Ghana Campaign.
“This is how development should work, one project generating many opportunities,” he noted. The president added that the project symbolises the growing investor confidence in Ghana and that the ongoing reforms by his government are aimed at ensuring a win-win situation for both Ghana and businesses.
“Let us build this project with integrity, speed, and purpose, so that when we return here to commission it, we can all say with pride that this is the dawn of Ghana’s clean industrial revolution.”
He observed that Ghana’s long-term energy vision is founded on three pillars: sovereignty, sustainability, and the security of supply. “Sovereignty involves generating more of our energy locally and using the sun, wind, and water provided by nature to do so.”
He continued, “As we pursue industrial growth, we must also restore our natural heritage. Our rivers must run clear, our forests must regenerate, and our communities must breathe clean and fresh air.”
President Mahama observed that such initiatives are already transforming Ghana, emphasising that the SFI project is not just a power plant but a message that Ghana is prepared to lead the next phase of Africa’s industrial renaissance, energised by the sun, propelled by innovation, and upheld by their collective determination.
“As we cut the sod, let us remember that every light that shines from this Solar Park will illuminate not just the factories and homes, but the aspirations of millions of Ghanaians whose dreams rely on energy and power,”
Quarm Investments’ Chief Executive Officer (CEO), Mr. Kojo Aduhene, declared that enterprises in the Dawa Industrial Enclave that would take power from them would receive a 10% discount after the project is finished.
According to him, the project coincides with industrialization, shows the world that Ghana is very open for business, and illustrates and supports an opportunity in the 24-hour economy.
The World Bank’s International Finance Corporation, Enclave Power Company, John Murphy Construction (JMC), China International Water and Electric Corp (CIWE), and SgurrEnergy are among the project’s implementing partners.
Source: Ghanatodayonline.com
