President John Dramani Mahama has disclosed that discussions have begun with Russia’s state-owned nuclear energy company, Rosatom, on the possible establishment of Ghana’s first nuclear power station.

Speaking at the Africa-Russia Summit, President Mahama highlighted the potential for stronger cooperation between Ghana and Russia, particularly in energy development, industrial growth and infrastructure.

The discussions with Rosatom form part of Ghana’s efforts to explore nuclear energy as a possible component of its long-term energy strategy. However, further details on the proposed project, including its financing, location and implementation timeline, have not been provided in the statement.

Nuclear power could provide a source of electricity to support Ghana’s growing energy needs, although any project would require careful planning, regulatory approval, financing and strong safety measures.

Mahama Calls for Russian Investment in Ghana

Beyond nuclear energy, President Mahama has invited Russian businesses to partner with Ghanaian companies across several sectors of the economy.

He identified agroprocessing, fertilizer production, agricultural machinery, pharmaceuticals, energy, transport infrastructure and the digital economy as key areas where Ghana and Russia could deepen commercial cooperation.

The President’s appeal is aimed at encouraging partnerships that could bring investment, technical expertise and new business opportunities to Ghana.

In agriculture, cooperation in agroprocessing, fertilizer production and machinery could support efforts to improve productivity and increase the value of locally produced goods.

The pharmaceutical sector also presents opportunities for collaboration, particularly in expanding production capacity and strengthening access to medicines.

Meanwhile, investment in transport infrastructure and the digital economy could support trade, improve connectivity and create opportunities for businesses in both countries.

Strengthening Ghana-Russia Relations

President Mahama’s remarks underscore Ghana’s interest in expanding economic relations with Russia through investment and cooperation in strategic sectors.

Partnerships between businesses in the two countries could support technology transfer, skills development and industrial expansion, depending on the terms and implementation of individual agreements.

The proposed nuclear power discussions and the invitation to Russian investors signal areas Ghana is exploring to advance its energy and broader economic development objectives.

Further announcements will be needed to clarify the next steps in the Rosatom discussions and identify any specific investment agreements arising from the summit.

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Source:Ghana News Page