The Ministry of Energy, partnered by its agencies, is the organizing body of the Ghana Energy Summit. The Ministry was established by an Executive Instrument E.I.28 on 28th February 2017 to replace the erstwhile Ministry of Power and Ministry of Petroleum.
The Ministry’s vision for the Energy Sector is to build:
“An energy economy with reliable supply of high quality energy services for the Ghanaian economy and for export”.
The top priorities of the Ministry are to:
Find out more at: www.energymin.gov.gh
The Volta River Authority (VRA) was established on April 26, 1961 under the Volta River Development Act, Act 46 of the Republic of Ghana, as a body corporate with the mandate to operate mainly as a power generation, transmission and distribution utility. In 2005, following the promulgation of a major amendment to the VRA Act in the context of the Ghana Government Power Sector Reforms, the VRA's mandate has now been largely restricted to generation of electricity. The amendment has a key function of creating the requisite environment to attract independent power producers (IPPs) onto the Ghana energy market.
2. Ghana Grid Company (GRIDCo)
GRIDCo was incorporated on December 15, 2006 as a private limited liability company for the exclusive operation of the National Interconnected Transmission System by an independent utility in accordance with the Energy Commission Act, 1997 (Act 541). The establishment of GRIDCo is intended to develop and promote competition in Ghana’s wholesale power market by providing transparent, non-discriminatory and open access to the transmission grid for all participants in the power market.
The Electricity Company of Ghana is a limited liability Company wholly owned by the Government of Ghana. The Electricity Company of Ghana Limited (ECG) was incorporated as a limited liability company in February 1997. ECG is currently responsible for distribution of electricity in six political/administrative regions in southern Ghana namely, Ashanti, Central, Eastern, Greater Accra, Volta and Western Region.
4. Volta Aluminium Company Limited (VALCO)
VALCO was established as a result of the vision of the first President of the Republic of Ghana, Dr Kwame Nkrumah, to establish an integrated aluminium industry in the country.
VALCO’s vision is to become the best class aluminum smelter in the world that serves as a vehicle for Ghana’s Integrated Aluminum Industry project for sustainable economic development. The facility has a rated capacity of 200,000 metric tonnes (MT) of primary aluminum annually. It is currently owned 100% by the Government and People of Ghana.
The Energy Commission was set up in 1997 by an Act of Parliament with functions relating to the regulation, management, development and utilisation of energy resources in Ghana. The Energy Commission is the technical regulator of Ghana’s electricity, natural gas and renewable energy industries and the advisor to Government on energy matters.
6. Bui Power Authority
The Bui Power Authority was established by the Bui Power Authority Act, 2007 (Act 740) with a mandate to plan, execute and manage the Bui Hydroelectric Project which includes generation of electrical power for general industrial and domestic use, construction of a transmission system linked to the national grid, supply of electrical power to certified and licensed utility companies and promotion of activities consistent with the provision of facilities for multipurpose uses such as agro businesses, fisheries and tourism.
7. Northern Electricity Department (NED) of the Volta River Authority (VRA)
In 1987, the Northern Electricity Department (NED) of the Volta River Authority was set up to distribute electricity to the Brong-Ahafo, Northern, Upper East and Upper West Regions of Ghana. NED started with an initial load of about 10MW with a customer population of about 12,000. The Network has grown extensively over the years mainly as a result of various electrification programs implemented by the Government of Ghana.
The Ghana National Petroleum Corporation (GNPC) is Ghana’s National Oil Company (NOC), established in 1983 by PNDC Law 64, to support the government's objective of providing adequate and reliable supply of petroleum products and reducing the country's dependence on crude oil imports, through the development of the country’s own petroleum resources. GNPC is partner to oil companies in all petroleum agreements in Ghana and is the custodian of the interest of the State in these agreements.
9. Ghana National Gas Company (GNGC)
Ghana National Gas Company, set up in 2011 is mandated to build, own and operate infrastructure required for the gathering, processing, transporting and marketing of natural gas resources in Ghana.
10. Petroleum Commission (PC)
The Petroleum Commission was established by an Act of Parliament in 2011 following significant discoveries of hydrocarbons offshore Ghana, to regulate and manage the utilisation of petroleum resources and coordinate the policies in the upstream petroleum sector. The Petroleum Commission beyond creating the best values possible through prudent and sustainable management of oil and gas resources in Ghana is at the forefront of promoting local content and local participation programmes.
11. National Petroleum Authority (NPA)
The National Petroleum Authority was established by an Act of Parliament in 2005, to regulate the petroleum downstream industry in Ghana. This encompasses activities ranging from the importation and refining of crude oil as well as the storage, distribution, marketing and sale of refined petroleum products in the country.
12. Bulk Oil Storage and Transport (BOST)
The Bulk Oil Storage and Transportation Company Limited (BOST) was incorporated in December 1993 as a private limited liability company with the Government of Ghana as the sole shareholder. BOST is mandated to keep strategic stocks and has a network of storage and pipeline infrastructure strategically located across the country. BOST also manages a network of pipelines across Ghana. In addition, BOST holds the Natural Gas Transmission Utility License to provide transmission and interconnection services for natural gas without discrimination throughout the country.
13. Tema Oil Refinery (TOR)
Tema Oil Refinery (TOR) Limited, with a refining capacity of 45,000 barrel per stream day is Ghana’s only refinery established in 1963 to enhance the country’s economic, investment and development programs. Crude oil, usually imported from neighboring Nigeria, is used as the refinery’s main raw material for production and transferred through pipelines to the refinery storage tanks for processing into several finished products for consumption.
TOR aims to expand and improve its infrastructure to ensure reliability of petroleum products on the Ghanaian market and also to export to the ECOWAS sub region.
GOIL’s vision is to be a world-class provider of goods and services in the petroleum and other areas of the energy industry. Though the Company’s main business is marketing and distribution of petroleum products in Ghana, one of the tenets of the New GOIL is to move beyond the current frontiers to marketing and distribution of energy products in general. GOIL is listed on the Ghana stock exchange and it is partly owned by the Government of Ghana.
15. Ghana Cylinder Manufacturing Company (GCMC)
GCMC was incorporated as a private limited liability company in May 1998 to promote wider usage of LPG as a substitute for charcoal and firewood and thereby curtail the associated environmental challenges of degradation, deforestation and desertification caused by excessive use of firewood.