NewGas Cylinder Bottling Limited, a Ghanaian clean energy startup and subsidiary of Arch Holdings Limited, has clinched an $18.2 million senior debt facility to spearhead a nationwide campaign for safer and cleaner household cooking. The funding, provided by two major international funds—Africa Go Green Fund and Spark+ Africa Fund—will finance the establishment of a cutting-edge LPG bottling plant in Tema and the rollout of LPG cylinders to households across Ghana.
This financing marks a crucial step in Ghana’s energy transition journey, as the country strives to reduce its dependence on polluting fuels like firewood and charcoal. Currently, nearly 67% of Ghanaian households still rely on such biomass fuels, contributing to deforestation and indoor air pollution. With this strategic investment, NewGasis poised to reach over 3 million homes with cleaner and healthier cooking alternatives.
NewGas operates under the globally endorsed Cylinder Recirculation Model (CRM), which ensures that LPG cylinders are filled at safe, centralised locations and returned to consumers through an efficient distribution chain. This model, recommended by the World LPG Association, addresses longstanding adoption barriers such as the high cost of cylinders and safety concerns around household refills.
Emmanuel Egyei-Mensah, CEO of NewGas, described the funding as transformational. “We are not just building a bottling plant. We are building the infrastructure for a healthier and more sustainable Ghana,” he said. “With the support of Africa Go Green and Spark+, we can drive real impact—saving lives, protecting the environment, and bringing convenience to millions of kitchens.”
The economic implications are equally compelling. Transitioning to LPG can offer households an estimated 25% savings compared to traditional fuel sources like charcoal. More importantly, the switch reduces exposure to indoor air pollutants that contribute to respiratory illnesses, particularly in women and children.
The backing from Africa Go Green and Spark+ is also notable for its alignment with global ESG (Environmental, Social, and Governance) principles. Both funds are committed to scaling climate-friendly solutions across Africa. The Africa Go Green Fund, with $166 million in capital, targets broader climate mitigation efforts, while the Spark+ Africa Fund, with $64 million, focuses specifically on clean cooking solutions in Sub-Saharan Africa.
“We are proud to partner with NewGas to accelerate access to LPG in Ghana,” said Laurene Aigrain, Managing Director at Cygnum Capital, which manages the Africa Go Green Fund. “Expanding LPG is not just a technology shift—it’s a health, climate, and equity solution rolled into one.”
Brian McConnell, VP for Africa at Enabling Qapital, which manages the Spark+ fund, added: “NewGas represents a smart, scalable solution. It fits naturally within Arch Holdings’ portfolio and is primed to deliver measurable environmental, social, and financial returns.”
The project has been carefully structured with expert support. Advisory services were provided by global firms including Hatch and EBS Advisory (now part of EY), while legal counsel came from Hunton Andrews Kurth, Morgan Lewis Bockius, Keystone Solicitors, and Senet Corporate Solicitors.
With this investment, NewGas is not only expanding Ghana’s energy infrastructure—it’s rewriting the script on how clean energy is delivered and scaled in Africa. The initiative is a timely reminder that sustainable development is not just about technology—it’s about access, affordability, and impact.