Energy Reports

Ghana energy report

Ghana energy market analysis is derived from the most recent key economic indicators, supply and demand factors, oil & gas pricing trends and major energy issues and developments surrounding the energy industry. The analysis includes a comprehensive energy market report and updated Ghana energy market data.

Ghana energy report
Update: December, 2019
Format: 2 files (PDF report, Excel file)
Pages: 34 (Report only)
Delivery: Immediate by e-mail


Ghana energy market report offers an incisive and reliable overview of the energy sector in Ghana. With a focus on oil, gas, coal and power markets, the report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2018 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities.

  • Institutions & Energy Policy

    The Ministry of Energy is responsible for the whole energy sector and replaced the former Petroleum and Power Ministries.

    The Natural Resources, Environment and Climate Change (NREC) Unit, which is part of the Ministry of Finance, oversees the climate policy.

    The Energy Commission controls the energy sector's activities and delivers licences to companies keen to invest in the ...

  • Energy Supply


    Oil and gas resources are located on Ghana's south-west coast and are divided in three basins: Tano (South Tano, 3-AX block, North Tano and West Tano-1 fields), Cape Three Points and Saltpond. In 2010, as a result of discoveries on the Jubilee field, there was a sharp upward re-evaluation of proven oil reserves, which are now evaluated at 93 Mt (end of 2018): they should continue to grow at ...

  • Energy Prices


    In 2010, electricity prices for households increased by more than 40% in order to take production costs into account (US$6c/kWh). However, in 2011 they were reduced by 6% for households and by 16% for industries because of the arrival of gas through the West African Gas Pipeline, and to attract industries from Nigeria. In 2016, industrial and residential prices were raised by 49% (in dollar ...

  • Energy Consumption

    In 2018, total per capita energy consumption was 0.34 toe and electricity consumption was about 440 kWh/cap.

    Total energy consumption has increased by 3.6%/year on average since 2010 (of which 8.8% in 2018).

    Oil and biomass represent the bulk of consumption with 44% and 39%, respectively, but gas has been progressively gaining ground since 2009, reaching 13% in 2018. The ...

  • Issues & Prospects

    To meet its economic growth, the country is working on important projects aimed at the diversification of its energy supply through the development of the use of natural gas and the construction of power plants, while continuing to develop its hydroelectricity and oil resources.

Download the Table of Contents

In the Ghana market report you will find the graphs mentioned below:

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2018, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2018, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for industry and households (USC/kWh)
  • GRAPH 7: Consumption trends by energy source (Mtoe)
  • GRAPH 8: Total consumption market share by energy (2018, %)
  • GRAPH 9: Final consumption market share by sector (2018, %)

In the Ghana market report you will find follow tables:

  • Economic Indicators: Annual historical data including population, GNP growth, imports & exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil & gas reserves, electric & refining capacity, energy production, power production and external trade. All detailed by energy source.
  • Demand Indicators: Historical data includes consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source & sector, and, electricity consumption by sector.
  • Energy Balances: Unique tabular display of the overall energy industry balance per annum, also graphically displayed by energy sub-segment.

The Ghana market data since 1990 included in the Excel file is given below.
Historical evolution allows to easily work with the data.

2018 Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Ghana Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Ghana energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

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