Construction of the first phase of the 1,500-megawatt Buipe Solar Power Project is set to begin in August 2026, Presidential Advisor on the 24-Hour Economy and Accelerated Export Development, Augustus Goosie Tanoh, has announced.

The project, being developed under the government’s 24-Hour Economy and Accelerated Export Development (24H+) Programme, is expected to significantly reduce electricity costs for industries and enhance Ghana’s competitiveness as a manufacturing and export hub in the sub-region.

Mr Tanoh said this on July 7, 2026 while delivering the keynote address at the Ghana Investment and Trade Week (GITW) 2026 in Accra.

The event was held on the theme: "Powering Ghana's 24-Hour Economy: Integrating Infrastructure, Electric Mobility and Sustainable Real Estate for Investment and Trade Competitiveness."

He disclosed that the Joint Development Agreement for the Buipe Solar Project was signed on April 10, 2026, and the project would generate up to 1,500 megawatts of solar power, backed by battery energy storage to ensure reliable electricity supply for industries.

"The first hundred megawatts begins next month," Mr Tanoh told the gathering of investors, financiers and business leaders.

He explained that the project would bring down industrial electricity tariffs from the current 18 to 23 US cents per kilowatt-hour to between seven and nine cents, a move he said would significantly boost the competitiveness of Ghanaian manufacturers.

Affordable, sustainable energy
According to the Presidential Adviser, affordable and sustainable energy remains the bedrock of Ghana’s industrial transformation.

He noted that renewable energy gave the country a long-term competitive edge over reliance on imported fossil fuels.

Mr Tanoh also outlined other strategic projects being developed under the 24H+ Programme, including compressed biogas plants at Buipe and Damanko, the Kambonwule oil palm complex, agro-industrial parks in the Kwahu Afram Plains, the Tamale Air Cargo Hub and the Volta Economic Corridor.

He projected that the Volta Economic Corridor alone could create about 890,000 jobs, contributing to a national target of 1.7 million new jobs by 2028.

The government, he said, was deliberately structuring these projects to attract private sector investment by undertaking feasibility studies, securing land, preparing delivery frameworks and aggregating demand before inviting investors to participate.

"The 24-Hour Economy Programme exists to remove the constraints that have held private investment back," he emphasised.

He noted that the initiative was being implemented in partnership with the Ghana Infrastructure Investment Fund, the Ghana Investment Promotion Centre, the Ghana Free Zones Authority and other sector agencies.

Mr Tanoh further announced investment opportunities in renewable energy generation, battery storage, transmission infrastructure, biofuels, waste-to-energy projects, affordable housing, electric mobility and construction materials manufacturing.

He extended an invitation to both local and international investors to partner with the secretariat in delivering the transformational projects under the programme.

Source: Graphiconline