Latest news with #JohnDramaniMahama
Zawya
3 days ago
- Business
- Zawya
Ghana's President Mahama to Deliver Keynote Address at Mining in Motion 2025
John Dramani Mahama, President of the Republic of Ghana, will deliver the keynote address at the official opening of the Mining in Motion conference, taking place from June 2-4 at the Kempinski Hotel in Accra. His address will outline the country's strategy and efforts by Africa to drive economic development through the sustainable exploitation of mineral resources. As Africa's leading gold producer, Ghana – under the leadership of President Mahama - continues to set the standard in sustainable resource management, investment attraction and local content development. In 2024, the country's gold mining sector generated $11.6 billion, with small-scale gold mining ( alone contributing $5 billion in export revenue and employing over one million people. The President's participation underscores Ghana and Africa's commitment to fostering a responsible, high-growth mining industry that supports economic expansion and job creation. Under the theme, Sustainable Mining&Local Growth – Leveraging Resources for Global Growth, Mining in Motion 2025 will convene Africa's top industry stakeholders, global investors and leading institutions – including the World Bank and the World Gold Council – to explore emerging trends, regulatory developments and technological advancements shaping the future of mining. The conference will highlight Ghana and Africa's strategic vision, emphasizing policies that enhance local benefits, promote sustainability and strengthen international partnerships. Organized by the Ashanti Green Initiative – led by Oheneba Kwaku Duah, Prince of Ghana's Ashanti Kingdom – in collaboration with the World Bank and the World Gold Council, with the support of Ghana's Ministry of Lands and Natural Resources, the summit offers unparalleled opportunities to connect with industry leaders and engage in critical discussions on artisanal, small-scale and large-scale mining. Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting ASGM and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting For sponsorship opportunities or delegate participation, contact Sales@ Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
22-05-2025
- Business
- Zawya
Africa's Energy Future: Now!
Powering AI data centres, accelerating large-scale solar projects and leading the global energy transition are just three of the critical topics up for debate at next month's Africa Energy Forum (aef), kicking off for the first time in Cape Town, South Africa, 17–20 June 2025. Forum sponsor Sun Africa returns for the third consecutive year, a testament to its sustained commitment to powering Africa's clean energy future. For a full programme and to join the debate, visit: Under the theme of 'Africa United', and featuring hundreds of ministers, policymakers and executives from nations across the continent, the aef will spotlight the continent's expanding ambition and the urgent drive to reshape its own energy future. With South Africa now chairing the G20, the continent will gain a pivotal voice in global decision-making, making aef 2025 the launchpad for a bold message to the world: Africa knows what it needs, and it's ready to lead. This year's aef will welcome a significant number of new companies participating for the first time, expanding the community of innovators and investors at the event. It will also host delegations from 33 countries, comprising head of state, ministers, regulators, and other public sector leaders from across the continent. Confirmed speakers include the President of Ghana, John Dramani Mahama, South Africa's Minister of Electricity&Energy, Dr. Kgosientsho Ramokgopa, Nigeria's Minister of Power, Adebayo Adelabu and Noureddine Yassaa, Algeria's Secretary of State for Renewable Energies. The high-level line-up also features the current Senegalese candidate for the Presidency of the African Development Bank, Amadou Hott, plus senior ministers and policy makers from Liberia, Ghana, Malawi, Zambia, Guinea-Bissau, Zimbabwe, Ethiopia and Madagascar. This year's aef will focus on how the private sector can help move from ambition to implementation on Mission 300, connecting power to 300 million people by 2030. And, as demand surges from commercial and industrial sectors, the aef will also unpack the infrastructure, investment, and regulatory models needed to keep pace. Grounded in Ubuntu, the African philosophy of shared humanity, the event will call for a global energy transition that is cooperative, equitable, and Africa-led. 'Something urgent has to be achieved as we simply cannot have another 10 woeful years of investment into projects. No more [time] can pass with one side saying we 'we need guarantees' and the other side saying, 'we can't afford guarantees.' Time is THE DETERMINING FACTOR holding energy access back and this needs to change. Now is the time for Africa to unite behind common goals and common infrastructure!' Simon Gosling, Managing Director, EnergyNet 'The future of African power infrastructure starts with Sun Africa, and the conversation about Africa's energy future continues at the Africa Energy Forum. We are proud to be the Forum Sponsor of an event that will unite visionaries and unite people from across the continent.' – Adam Cortese, CEO, Sun Africa. Bringing together community and sport, the 2025 edition of eaf also features the Africa Challenge Cup, a special evening of football at Cape Town's iconic DHL Stadium. Four teams will face off in friendly matches under the floodlights, offering a chance for delegates, partners, and peers to connect in a spirited, relaxed setting alongside friends and family. The Youth Energy Summit (YES!), held in parallel with aef, is expected to welcome more than 4,000 participants, making it one of the largest gatherings focused on youth engagement in the African energy sector. Many companies are supporting the initiative not just as sponsors, but as active partners in youth participation across the continent. These include the DBSA, Nedbank, Pele Green Energy, Seriti Green, Siemens Energy, Genesis, and others from the energy and mining sectors. Distributed by APO Group on behalf of EnergyNet Ltd.. Notes: The main sponsors at this year's aef include Sun Africa, AKSA, Red Rocket, Globeleq, Nedbank and the World Bank. See Lead sponsors at this year's aef include the Africa Development Bank, AMEA Power, the British International Investment, BCG, EDF, Engie, the European Investment Bank, GE Vernova, Infinity Power, Standard Bank, Synergy Consulting and TotalEnergies. See For media inquiries and registration please email : Poliana Sperandio: poliana@ Sylvia Gaita: About the Africa Energy Forum (aef): The Africa Energy Forum (aef) is taking place in the Cape Town International Convention Centre, South Africa, 17-20 June 2025. The event is the continent's leading platform for energy sector stakeholders to collaborate, invest, and accelerate progress. In its 27th year, the aef brings together governments, developers, investors, and innovators to drive real-world solutions in energy access and sustainability. See
Zawya
20-05-2025
- Business
- Zawya
Ghana: Mahama calls for consolidated long-term national development plan, echoes Nkrumah's vision
President John Dramani Mahama on Tuesday inaugurated the 8th National Development Planning Commission (NDPC), tasking the body with creating a unified long-term national development plan that transcends political cycles. The President invoked the legacy of Ghana's first leader, Kwame Nkrumah, emphasising the need for a long-term vision to break free from the country's reliance on primary commodities. 'Nearly 70 years after independence, our economy continues to rely heavily on a narrow range of primary commodities, with limited diversification and value addition,' President Mahama stated. 'This reality reflects the persistence of structural constraints that continue to hold us back—proof that, in many respects, we remain 'prisoners of our past.'' The President highlighted the existence of multiple long-term development frameworks, including the Ghana Beyond Aid Charter, the Ghana@100 Long-term Development Framework, and the Vision 2057 Perspective Framework. He urged the NDPC, now chaired by Dr Nii Moi Thompson, who led the development of the 40-Year National Development Plan in 2017, to consolidate these efforts into a single, coherent plan. 'This must be done in close collaboration with Parliament and the people's representatives,' President Mahama stressed, emphasising the importance of inclusivity and a broad national consensus. The plan, he added, should be subject to regular review to adapt to evolving domestic and global challenges. President Mahama underscored the significance of the NDPC's work, noting its collaboration with the government in preparing the Coordinated Programme of Economic and Social Development Policies, due to be presented to Parliament within two years. 'This Programme will reflect not only the vision and policy priorities of this government but also the collective aspirations of the Ghanaian people,' the President stated. He further clarified that this Coordinated Programme would form the foundation for the next medium-term national development policy framework, guiding the operations of government ministries, departments, agencies, and local assemblies for the next four years. Distributed by APO Group on behalf of The Presidency, Republic of Ghana.
Yahoo
14-05-2025
- Business
- Yahoo
Ghana to reduce $2.5bn debt to power producers by year end
Ghana's Government has announced its intention to significantly reduce the country's $2.5bn (31.27bn cedis) debt owed to independent power producers and gas suppliers by the end of the year, according to a Reuters report. President John Dramani Mahama expressed confidence in addressing the financial challenges facing the power sector during a forum in Ivory Coast. Last year, Ghana reached a restructuring agreement with independent power producers to manage approximately $1bn of legacy debt. Despite this, the nation's arrears have continued to impact the economy, particularly since President Mahama began his second term in January. President Mahama acknowledged inefficiencies within the state-owned utility, Electricity Company of Ghana (ECG), which faces a revenue collection loss of around 40%. To improve the situation, he announced plans to involve the private sector in the billing process. Mahama was quoted as saying: 'People are queuing up, I said they should wait. We are going to do expressions of interest,' indicating a cautious approach to selecting private partners for this initiative. The cabinet is yet to decide on the structure of this partnership, which may involve one or multiple entities, with an emphasis on local participation. President Mahama also encouraged companies to expedite oil and gas extraction, citing the global energy transition. 'Oil is in transition and so everybody who has any assets should be pumping like there is no tomorrow... I would lay a red carpet to anybody who wants to drill and pump oil to do so,' he added. In related news, the Mission 300 initiative, which aims to electrify 300 million Africans by 2030, secured more than $8bn in new funding commitments during the Africa Energy Summit in Dar es Salaam, Tanzania. "Ghana to reduce $2.5bn debt to power producers by year end" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arabian Post
13-05-2025
- Business
- Arabian Post
Ghana Targets Energy Sector Debt Reduction Amid Structural Reforms
Ghana is undertaking significant measures to reduce its $2.5 billion debt owed to independent power producers and gas suppliers by the end of 2025, as announced by President John Dramani Mahama. This initiative is part of a broader strategy to stabilize the country's energy sector and ensure consistent electricity supply. The debt, which has been a persistent issue, poses a substantial threat to Ghana's economy and energy security. President Mahama emphasized the urgency of addressing this financial burden to prevent further economic strain. He highlighted inefficiencies within the Electricity Company of Ghana , noting that the utility experiences approximately 40% in commercial and technical losses, undermining its financial viability. To enhance revenue collection and operational efficiency, the government plans to involve the private sector in electricity billing and metering processes. A pilot partnership between ECG and Enclave Power Limited has demonstrated success, achieving 99% revenue collection and near-uninterrupted power supply. This model is being considered for broader implementation to improve the sector's financial health. The administration is also focusing on structural reforms, including the establishment of a single revenue collection account and the enforcement of the Cash Waterfall Mechanism to prioritize debt payments. These measures aim to eliminate financial leakages and ensure that funds are appropriately allocated to settle outstanding debts. In addition to financial restructuring, the government is advocating for increased utilization of domestic gas for power generation to reduce reliance on expensive crude oil imports. This shift is expected to result in significant cost savings and enhance energy sustainability. President Mahama has also called for maximizing oil and gas extraction before the global transition to renewable energy intensifies. He expressed openness to investors interested in drilling and production, emphasizing the importance of leveraging existing resources during this transitional period. See also Meta Faces Regulatory Showdown in Nigeria
