NewGas, a leading player in Ghana’s transition to cleaner energy, is advancing its mission under the Cylinder Recirculation Model (CRM)—a system endorsed by the World LPG Association. The company aims to help three million households transition from traditional biomass fuels to safer, more efficient liquefied petroleum gas (LPG) for cooking.
Emmanuel Egyei-Mensah, CEO of NewGas, described the latest investment partnership as a pivotal moment for the company and for Ghana’s clean energy future. He extended his appreciation to the Africa Go Green Fund and Spark+ Africa Fund for their backing.
“This investment marks a major milestone in the journey toward safe and accessible LPG for all Ghanaians,” said Egyei-Mensah. “It will help us remove key barriers to adoption—particularly the high upfront cost of cylinders—while ensuring the highest standards of safety through centralized maintenance and quality control.”
NewGas is building the necessary infrastructure to make LPG an affordable and reliable household fuel. By tackling distribution and safety challenges, the company is not only improving access but also promoting healthier lifestyles.
The benefits for households are significant. LPG provides up to 25% cost savings compared to traditional fuels like charcoal, and it dramatically reduces indoor air pollution—a major health hazard associated with biomass burning.
Laurene Aigrain, Managing Director of Cygnum Capital, commended the initiative, calling it “a bold step toward a cleaner, healthier future.” She emphasized that expanding LPG access contributes meaningfully to both public health and environmental sustainability.
Brian McConnell, Vice President at Enabling Qapital, also expressed strong support for NewGas, noting that the investment aligns with the business strategy of Arch Holdings, the parent company of Enabling Qapital. “This funding will significantly enhance access to cleaner cooking options across Ghana while delivering measurable social and environmental returns,” he said.
NewGas operates under The Quantum Group Limited, a diversified company with a successful track record in Ghana’s oil and gas sector since 2012. The group’s portfolio spans infrastructure development, fuel terminals, energy trading, retail distribution, and energy solutions.
The transaction received technical support from global consulting firms Hatch and EBS Advisory (now part of EY). Legal advisory was provided by Hunton Andrews Kurth and Morgan Lewis Bockius, with local legal support from Keystone Solicitors and Senet Corporate Solicitors.
The Africa Go Green Fund has committed $166 million to climate mitigation projects across Africa, while the Spark+ Africa Fund supports scalable clean cooking solutions in Sub-Saharan Africa with a funding pool of $64 million.
With this support, NewGas is poised to drive meaningful change in Ghana’s energy landscape—empowering millions of households with clean, cost-effective, and sustainable cooking solutions.
