2026 mid-year budget review: Govt developing 1,200MW power plant to cut electricity costs
Finance Minister Dr. Cassiel Ato Forson announced plans to develop a 1,200-megawatt state-owned combined-cycle gas-fired power plant during the 2026 Mid-Year Fiscal Policy Review in Parliament. The project will be located at Kafodzidzi-Abrobeano in the Komenda-Edina-Eguafo-Abrem Municipality of the Central Region. Dr. Ato Forson stated that the government expects the first phase of the project, which will generate 600 megawatts, to be completed and commissioned by 2028.
Feasibility studies have confirmed the project's viability, with environmental assessments, engineering works, and permitting processes progressing. The government has secured gas turbines directly, expecting savings of between 35% and 45%. The power plant is projected to lower electricity generation costs and contribute to a reduction in electricity tariffs by between 10% and 20%. The first phase of the project is also projected to create more than 2,000 direct and indirect jobs.
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Ghana's government is developing a 1,200-megawatt power plant to enhance energy security and reduce electricity costs. This initiative aims to
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