The Association of Ghana Industries (AGI) is advocating for the adoption of nuclear power to boost industrial growth and reduce energy costs. According to AGI’s CEO, Mr. Seth Twum-Akwaboah, the establishment of a nuclear power plant in Ghana would bring significant benefits to the industry.
Speaking at a workshop in Accra, Mr. Twum-Akwaboah emphasized the potential opportunities in the nuclear energy sector, including supply chain involvement, manufacturing, construction, consulting, and technology transfer. He also highlighted the need for technological advancements, innovation, and partnerships with international nuclear firms.
To prepare for the nuclear power project, AGI has engaged in capacity building through training and development programs for its members, as well as workshops and seminars on nuclear technology. The industry also plans to invest in relevant infrastructure and support member companies in upgrading their facilities.
However, Mr. Twum-Akwaboah acknowledged potential challenges such as technological barriers, regulatory and safety concerns, and financial constraints. He stressed the importance of continuous stakeholder engagement, developing a robust regulatory framework, and securing financial support and investments to mitigate these challenges.
AGI is also calling for strategic planning, research and development in nuclear technology, and collaborations with international nuclear organizations to enhance its preparedness for the nuclear power project.
The CEO emphasized the significance of energy costs for businesses, noting that industries consume about 42 percent of the energy supplied to the national grid. He highlighted the need for cheaper, reliable energy sources for production, as electricity costs constitute 20 to 30 percent of total production costs for industries.
Available data suggests that nuclear energy has enormous potential in providing sustainable and reliable energy to power the economy, aligning with the global drive towards net zero by 2060.
