Gov’t announces US$200m for 24-month nuclear power readiness programme, targets EPCF deal by 2028
Gov’t announces US$200m for 24-month nuclear power readiness programme, targets EPCF deal by 2028
The Government of Ghana has committed US$200 million toward a comprehensive 24-month nuclear power readiness programme as part of a broader push to secure reliable, low-carbon baseload electricity for industrialisation.
Unveiling the 2027 Budget Statement to Parliament, Finance Minister Dr. Cassiel Ato Forson detailed that the US$200 million initiative will span from January 2027 to December 2028 to finalize preparations for an Engineering, Procurement, Construction, and Financing (EPCF) contract.
Stressing that the facility will be developed as a state-owned strategic asset rather than via an Independent Power Producer model, Dr. Forson noted the project will help lower energy costs and phase out expensive thermal plants by 2030.
The plan also allocates resources to train over 2,000 Ghanaian technical specialists.
The nuclear push forms part of Pillar 3 of the “New Economy Programme,” which directs a US$2 billion overhaul of national energy infrastructure, including a US$500 million upgrade to transmission systems and smart metering through 2030.
Ghana continues to advance the project under International Atomic Energy Agency (IAEA) guidelines, moving from Phase Two evaluations toward final contract execution by late 2028.
