Finance

Ghana loses $100 million annually to gas flaring – ActionAid Ghana

The Country Director of ActionAid Ghana, John Nkaw, has disclosed that Ghana is losing approximately US$100 million worth of natural gas each year due to flaring activities in the oil and gas sector.

Speaking in an interview on GhOne TV, as monitored by GhanaWeb Business, Nkaw emphasised that the flaring of gas not only results in significant financial losses but also poses serious environmental and health risks, as it releases greenhouse gases and other harmful pollutants into the atmosphere.

“We have data that shows the government flares about $100 million worth of gas. That is excess gas we are unable to process. We must find a way to contain it. Apart from being a cost to Ghana, it also has hazardous climate change effects,” he stated.

Nkaw criticised the persistent flaring as a waste of valuable resources, which could otherwise be harnessed for power generation, industrial use, or export, thereby generating additional revenue for the country.

His remarks come amid growing concern among civil society groups and energy experts regarding the inefficiencies and environmental damage associated with gas flaring in Ghana’s oil and gas sector.

Despite increased petroleum revenues, highlighted in the recently released 2024 PIAC Report, the continued flaring of gas undermines Ghana’s ability to fully capitalise on its natural resource wealth.

Nkaw called on policymakers to adopt stricter regulations and invest in infrastructure to support the commercialisation of associated gas, rather than allowing it to be wasted through flaring.

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

Related Articles

Back to top button