Energy and Transport Reforms Crucial to Ghana’s Recovery, Says Zerosol Engineering VP

Vice President of Engineering at Zerosol Fleets, Prince Avaala has noted that Ghana’s path to economic stability must begin with structural reforms in the energy and transport sectors. 

He argues that electric vehicles, powered by locally generated electricity, could help reduce inflationary pressure, improve access to essential services, and fuel growth under the government’s 24-hour economy initiative.

“Electricity is the most available and controllable energy source we have,” Avaala said in an interview with The High Street Journal on the sidelines of the national playoffs of International Pairs Golf Tournament held at the Achimota Golf Club, Accra. “Oil prices are volatile and consistently rising. That volatility affects every sector, especially transportation and even healthcare.”

Avaala warned that rising fuel costs are undermining Ghana’s economic productivity and worsening inequality. “People who need urgent healthcare are forced to pay more just to access it,” he said. “Making transport affordable and efficient isn’t just a climate issue, it’s a matter of economic justice.”

Zerosol Fleets supplies electric vehicles and supports companies transitioning to electric mobility. The company is also positioning itself to support the rollout of the 24-hour economy by offering fleet services for ride-hailing platforms like Uber and Bolt. “We’re very interested in the full effect of the 24-hour economy,” Avaala said. “It creates demand for efficient, sustainable transport outside traditional working hours, and we’re ready to meet it.”

While the company welcomes recent cedi stability, Avaala said Ghana’s private sector remains constrained by high interest rates and limited access to credit. “Our biggest challenge is financing,” he said. “Interest rates are high, and banks are reluctant to fund local or SME-driven initiatives.”

He called for reforms in the financial sector to improve capital access for businesses committed to solving real economic problems. “We’re not asking for shortcuts. We’re asking for the support needed to scale solutions that matter, for transport, energy, and the broader economy.”

Despite these hurdles, Avaala expressed confidence in Ghana’s long-term prospects and reaffirmed Zerosol’s commitment to the country’s development. “These challenges reflect Ghana’s journey, and we’re fully committed to that story. We’ll keep building, even through headwinds.”

The national playoffs of the International Pairs event, which brought together corporate leaders at Achimota Golf Club, served as a networking platform for players across sectors. Avaala noted that such engagements are valuable, saying, “Golf allows meaningful conversations while you play, unlike most other sports,” he said. “It’s a space for business and ideas to intersect.”

Zerosol continues to expand its footprint in electric mobility, aiming to provide cleaner, more reliable transport solutions amid Ghana’s ongoing energy and economic transitions.

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