President John Mahama Announces Plans for Ghana's Largest 1,200MW Thermal Power Plant by End of 2026

President John Mahama has announced that Ghana is set to sign a landmark agreement for the construction of a 1,200-megawatt gas-fired thermal power plant before the close of 2026. Speaking at a town hall meeting on September 25, 2026, the President detailed that this facility will represent the largest power plant in the country's history. The initiative marks a significant milestone in the administration's efforts to enhance national energy security and cater to the growing industrial and residential demand for electricity across the country. The project serves as a central component of a comprehensive strategy to navigate the global energy transition while addressing longstanding challenges within Ghana's domestic energy sector. President Mahama emphasized that the government is focused on reducing energy-related debts and undertaking a major reorganization of the Electricity Company of Ghana (ECG). These reforms aim to prioritize payments to independent power producers, ensuring the financial sustainability of the sector and preventing the recurrence of power supply disruptions that have historically hampered economic productivity. Furthermore, the President highlighted a significant recovery in investor confidence within the oil and gas sector, which is critical for securing the necessary fuel supply for the new thermal plant. By stabilizing the energy sector and ensuring a reliable power supply, the administration aims to foster a more predictable economic environment. President Mahama reiterated that a stable currency and robust energy infrastructure are the twin pillars required to drive sustained economic growth and attract further foreign direct investment into Ghana's industrial landscape.