As of 2015, the biggest issue for economic growth is the lack of consistent electricity. In 2012, hydropower including pumped storage accounted for 55.8% of the total electricity supply, thermal plants using light crude oil, natural gas, and diesel accounted for 44.1%, and solar power only 0.1%. Although the share of hydropower generation decreased by about 0.5% in 2011, total energy output rose by about 500 GWh in 2012 due to significant water inflows into the Akosombo reservoir. In 2012, electricity consumption in the industrial, residential, and commercial sectors accounting for 48.5%, 34.3%, and 17% respectively.
As part of the electricity sector strategy, the Government is working on attracting more private sector participation. The market has been dominated by the public sector, but an increasing number of Independent Power Producers (IPPs) have begun to enter the market, as per table illustrated below.
