The Minister for Finance, Hon. Dr. Cassiel Ato Forson, and the Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, have convened a high-level meeting with key industry stakeholders to address long-standing challenges in Ghana’s power sector.
Dr. Ato Forson described the meeting as “a crucial moment for national collaboration,” adding that the state of the energy sector demanded “coordinated, transparent, and urgent action.”
“Our conversation centred on the urgent need for effective and sustainable solutions to strengthen Ghana’s power sector.
“We acknowledged the sector’s ongoing financial challenges, including legacy debts, tariff issues, operational inefficiencies, and high-cost of power arrangements, but our primary focus was on the path forward.”
Dr. Cassiel Ato Forson, Minister for Finance
The session aimed to deliberate on strategies to guarantee a reliable, efficient, and affordable electricity supply for all Ghanaians while advancing the ongoing reforms under the Energy Sector Recovery Programme (ESRP).
The meeting, held at the Ministry of Finance, brought together Chief Executive Officers and senior officials from major power institutions, including the Electricity Company of Ghana (ECG), Volta River Authority (VRA), Ghana Grid Company Limited (GRIDCo), the Energy Commission, the Public Utilities Regulatory Commission (PURC), and other relevant agencies.
This collaborative forum underscored the government’s commitment to create a cohesive platform for dialogue between public and private sector players, essential for driving meaningful change in the energy landscape.
Dr. Ato Forson underlined that despite the myriad challenges, the power sector is a cornerstone of national growth and emphasized the importance of collaborative action between government agencies and industry stakeholders.
The discussion came at a crucial time when Ghana continues to grapple with several entrenched challenges in the electricity market.
Legacy debt burdens, pricing structures that do not accurately reflect operational costs, and inefficiencies in power generation and distribution have hindered performance and affected service delivery.
Addressing these issues require not only immediate tactical interventions but also long-term strategic reforms that promote financial sustainability and operational efficiency.
Coordinated Action and Political Will
The Minister for Energy and Green Transition John Jinapor reaffirmed the government’s commitment to advancing reforms under the Energy Sector Recovery Programme (ESRP), a framework aimed at improving the sector’s financial sustainability, efficiency, and performance.
“We are resolute in our commitment to reform.
“Our priority is to drive initiatives that will resolve inefficiencies, encourage transparency, and support public-private partnerships that deliver results.”
Hon. John Jinapor, Minister for Energy and Green Transition
The Minister for Energy highlighted that the government is actively pursuing policy interventions aimed at refining fuel procurement processes, restructuring power purchase agreements, and introducing cost-reflective yet fair tariff structures.
A central theme of the meeting was the need for sustainable financial strategies to support an efficient power supply system. Stakeholders discussed various measures to enhance revenue collection and reduce wastage through improved operational efficiency.
The ministers called for stronger coordination between ministries, regulators, and utility companies. They acknowledged that misalignment in past policy actions had compounded challenges and emphasized the need for unified implementation under the ESRP.
“The only way to overcome our sector’s issues is to align strategies, commit to timelines, and hold one another accountable.”
Hon. John Jinapor, Minister for Energy and Green Transition
The meeting concluded with a collective commitment to adopt bold and forward-looking policies, engage stakeholders transparently, and ensure that reforms deliver real benefits for Ghanaians.
The energy sector has become a focal point of Ghana’s economic recovery strategy, with electricity access, reliability, and affordability playing a central role in driving industrialization, digital transformation, and social development.
With sustained political will, strategic reforms under the ESRP, and robust collaboration from industry leaders, Ghana aims to deliver reliable and affordable electricity, thereby ensuring that the power sector remains a strong pillar for national development and economic stability.
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