I had the privilege of joining distinguished colleagues as a panelist at the just-ended Africa Energy Week in Cape Town. The week brought together policymakers, industry leaders, and investors to reflect on how Africa can monetise its abundant energy resources while ensuring inclusive growth and energy security.
Our panel discussion focused on reducing flaring, monetising LPG, and the timing of infrastructure investments. Allow me to share a glimpse of Ghana’s story:
Reducing Flaring & Monetising LPG
When Ghana began oil production at Jubilee in 2010, associated gas presented a major challenge. Rather than flaring, we invested in infrastructure such as the Atuabo Gas Processing Plant (2014), which today processes about 150 mmscf/d—saving the nation close to $300 million annually in fuel substitution while producing LPG and condensates.
Subsequent policies like the Gas Master Plan (2016) and projects such as Sankofa (OCTP) have deepened gas utilisation, enhanced energy security, and expanded LPG monetisation. Over time, deliberate choices—like prioritising lean gas for power generation when needed—have kept the lights on while ensuring LPG remains an important revenue stream.
Timing of Infrastructure Development
There is always debate on whether to build ahead of demand or wait for the market. Ghana chose the bold path of investing in Cylinder Recirculation Plants in Tema and Kumasi, commissioned in 2023, even before demand had fully matured.
This foresight anchored the LPG value chain, created jobs, enhanced consumer safety, and built confidence in the Cylinder Recirculation Model. When demand began to grow, we were ready—with capacity to fill over 12,800 cylinders daily. Waiting would have meant shortages, bottlenecks, and slower adoption. Instead, Ghana shaped the market itself.
The Lesson: Strategic early investment, backed by sound policy, does not just meet demand—it creates demand. It positions us for long-term energy security and ensures LPG plays a central role in the transition to cleaner, safer fuels.
I leave Cape Town inspired by Africa’s collective determination to chart a bold energy future. Ghana’s journey proves that with vision, policy, and infrastructure readiness, we can transform challenges into opportunities.
