Ghana to boost energy output and infrastructure in 2026 growth reset

ACCRA, November 27, 2025 – Ghana will scale up investment in energy infrastructure and gas-to-power capacity as part of a broader 2026 economic reset strategy, KPMG said in a report released on Wednesday.

The government’s 2026 budget, released on November 13, sets a 4.8% GDP growth target and outlines a shift from crude oil to natural gas for power generation, alongside plans to construct a 1.2-GW state-owned thermal plant and assess new hydro potential. Gas supply will expand by 4.25 mcm (150 mcf) per day from Jubilee and OCTP fields in the medium term, supported by upstream reinvestment equivalent to USD 3.5 billion.

Energy sector reforms are central to the GHC 30-billion (USD 2.5-billion) Big Push Programme, which will fund critical infrastructure in power, roads and connectivity. Ghana also aims to enhance rural electrification and launch off-grid solar projects, while energy reliability underpins the new 24-Hour Economy strategy to drive industrial productivity.

Read KPMG’s full report here

Macroeconomic stability has improved with inflation at 8.0%, a stronger Cedi and public debt reduced to 45% of GDP. Fiscal measures include a 1.5% primary surplus and reforms to the Fiscal Responsibility Act to reinforce investor confidence.

KPMG is a global advisory and audit firm. In Ghana, it supports public finance reforms and works with development partners such as UNDP on policy assessment, investment strategy and sustainable growth initiatives.

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