Ghana will not speed through the energy transition era by switching from fossil fuel to renewable energy, according to Deputy Minister of Energy Dr Mohammed Amin Adam.
He stated that the oil producing West African country will transition at its own speed, rather than following other countries’ plans and arrangements.
Ghana, according to Dr. Amin Adam, must leverage the maximum benefits of crude oil production in order to grow the country before considering abandoning the sector.
The European Union is attempting to move emphasis away from fossil based energy production and consumption systems, such as oil, natural gas, coal, and toward renewable energy sources such as wind and solar, as well as lithium-ion batteries, as part of the energy transition.
Mr Amin Adams, a Karaga Member of Parliament, said in an interview with TV3 that “Ghana will transition at its own pace, we want to produce oil and gas, we want to continue to do that because we need the resources, we need the revenue to develop our country, we need the value addition, and we cannot abandon it now.”
Furthermore, natural gas was recently recognized as a transition fuel by the European Union since it is the cleanest fossil fuel; therefore, now that Europe has acknowledged that natural gas is a transition fuel, there is no need for us to consider abandoning natural gas. Natural gas can be used to generate electricity, as a fuel or for transportation, and it can also be converted into petrochemicals.
Mr Amin stated, “There are so many ways we may build our country with these resources.”
Ghana’s Finance Minister, Ken Ofori-Atta, recently made a similar statement, stating that the country’s crude oil potential must be fully realized.
Ghana has many oil blocks, he claims, to aid in the country’s development, but the West is pushing for a shift away from fossil fuels and toward renewable energy.
He said that the Ghana National Petroleum Corporation (GNPC) was looking to buy two more oil blocks worth more than $2 billion.
“Ghana has a number of oil blocks, and our own GNPC is currently looking to acquire shares in just two of them, which have an external worth of more than 2 billion dollars. If we are given the opportunity to develop these various blocks, we might potentially bring in billions of dollars. But, all of a sudden, the West is recommending that we switch to clean energy.
Content created and supplied by: Baruoxide (via Opera
News )