Ghana advances Mission 300 reforms as US$4.4 billion energy investment pipeline gains momentum
Country on track to complete 13 of 16 priority reform actions as partners agree measures to accelerate investment and lift electricity access to 99% by 2030.
Accra, Ghana, 23 July 2026 — Ghana is on track to complete 13 of 16 priority reforms under its National Energy Compact, building momentum to mobilise a US$4.4 billion energy investment pipeline and expand electricity access from 89.1% today to 99% by 2030.
A two-day Compact Implementation Support Workshop brought together more than 70 representatives of government, development finance institutions, the private sector and civil society in Accra on 22-23 July to review progress and agree on actions to accelerate delivery of Ghana's National Energy Compact under Mission 300.
Led by the African Development Bank and the World Bank Group, Mission 300 aims to connect an additional 300 million people across Africa to electricity by 2030.
The workshop was facilitated by Sustainable Energy for All (SEforALL) and supported by the African Development Bank's Africa Energy Sector Technical Assistance Program (AESTAP). Participants validated a Ghana-owned roadmap to accelerate reforms, mobilise investment and expand electricity access.
During its first year of implementation, Ghana has completed eight mini-grids with 35 more under construction and continues to expand regional electricity trade through the West African Power Pool. The country has also completed around 60% of Compact actions and remains on track to deliver 13 of its 16 priority reforms. The remaining reforms face administrative and financing-related delays, including parliamentary approvals, budget allocations and procurement processes, which the Government has committed to address.
Ghana’s electrification pathway combines grid intensification, mini-grid deployment, solar home systems, distributed renewable energy and targeted last-mile electrification investments across underserved communities.
Participants reviewed a US$4.4 billion pipeline of energy investments, of which US$2.6 billion is expected from the private sector. The pipeline includes the Last-Mile Rural Electrification Programme, regional interconnections with Côte d'Ivoire, Mali and Burkina Faso, major transmission upgrades, utility-scale solar development, mini-grids, and distributed renewable energy and clean cooking initiatives.
“To achieve our energy targets, we as a government are pursuing public-private partnership financing models.The National Compact has an investment pipeline of US$4.4 billion, including US$2.6 billion expected from the private sector,” said Hon. Richard Gyan-Mensah, Deputy Minister for Energy and Green Transition. “The Government remains fully committed to removing administrative bottlenecks, strengthening coordination and working with all partners to translate the commitments in the National Energy Compact into projects that deliver tangible results to our citizens.”
“Ghana has demonstrated strong leadership in implementing its National Energy Compact. Progress during the first year has been very encouraging,” said Wale Shonibare, Director for Energy Financial Solutions, Policy and Regulations at the African Development Bank Group. “This workshop is focused on ensuring that reforms translate into investment, projects and electricity connections for the people of Ghana. The African Development Bank remains committed to working with the Government and its partners to accelerate implementation of the Compact under Mission 300.”
The Ministry of Finance and the Ministry of Energy and Green Transition will continue engagement on counterpart funding and parliamentary approvals. The Energy Sector Working Group has been reconstituted under revised terms of reference and implementing agencies have committed to regular reporting to the Compact Delivery and Monitoring Unit. Development partners, civil society organisations and private sector representatives reaffirmed their support for implementation.
The Ghana Compact Implementation Support Document will now be finalised with stakeholder input; priority actions will be assigned to responsible institutions with timelines and escalation procedures. The project pipeline will be refined for investor engagement, and technical assistance priorities will be incorporated into the Mission 300 support programme.
About the African Development Bank Group
The African Development Bank Group is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.afdb.org
About Sustainable Energy for All
Sustainable Energy for All (SEforALL) is an international organisation, hosted by UNOPS, that works in partnership with governments and stakeholders to accelerate sustainable energy transitions that improve lives, create jobs, strengthen economies and combat climate change. For more information: www.seforall.org
Media contacts:
African Development Bank Group: Communication and External Relations Department, media@afdb.org
Sustainable Energy for All: Communications Department, comms@seforall.org
