$30m Renewable Energy Project stalled amid allegations of rent-seeking

A foreign investor, who has already invested $30 million in feasibility studies for renewable energy projects in Ghana, is facing significant regulatory and bureaucratic hurdles, according to Dr. Steve Manteaw, Chairperson of the CSO Alliance on Political Manifestos.

The investor has encountered demands for bribes and equity stakes in exchange for regulatory approvals, which has delayed the project.

Dr. Manteaw highlighted these issues as part of a broader problem of Ghana’s hostile investment climate, particularly in sectors with heavy oversight.

Despite ambitious goals for renewable energy, including adding 2,000 megawatts to the energy mix, Dr. Manteaw warned that without structural reforms and a more transparent regulatory framework, Ghana risks falling behind in attracting global.