Ghana's Gas-to-Power Strategy Saves GH¢3.08 Billion in Fuel Costs

The Ghanaian government's Gas-to-Power Strategy has achieved significant savings in fuel costs. According to Finance Minister Dr. Cassiel Ato Forson, the strategy saved GH¢3.08 billion during the first half of 2026, equivalent to US$268.5 million.

This was made possible by replacing light crude oil with natural gas for electricity generation, a move expected to reduce costs by at least 75 per cent.

The Finance Minister announced that by the end of June 2026, the government had increased gas supply for power generation by an additional 35 million standard cubic feet per day, bringing total supply to about 490 million standard cubic feet per day. This increase comprised 10 million standard cubic feet per day from OCTP and 25 million standard cubic feet per day from Jubilee Gas.