• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, August 6, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Stakeholder Consultations Underway for PURC and Energy Commission Merger

October 17, 2024
Prince Agyapongby Prince Agyapong
in General News
0
Herbert Krapa, Minister for Energy

Herbert Krapa, Minister for Energy

Herbert Krapa, Minister of State at the Ministry of Energy, has confirmed that stakeholder consultations are ongoing to finalize a proposed merger between two key regulatory bodies in Ghana’s energy sector: the Public Utilities Regulatory Commission (PURC) and the Energy Commission.

This merger is aimed at streamlining regulatory oversight, improving operational efficiency, and ensuring the financial and technical sectors of energy regulation work in harmony.

Hon. Krapa discussed the progress of the proposal during a media interview following an event marking Customer Focus Week at the Ministry of Energy.

RelatedPosts

New FWSC Board Tasked to Lead Labour Peace, Wage Reform

Cocoa Farmers Shortchanged, Gov’t Criticised Over Pricing

GPRTU Disowns Transport Fares Hike Announcement By GRTCC

“The government is committed to engaging all stakeholders to arrive at a consensus on whether to merge the PURC and the Energy Commission.

“What we are looking for is an efficient regulator, whether the technical and financial aspects are combined to ensure more efficiency and effectiveness, or whether we continue to keep them decoupled.”

Herbert Krapa, Minister of State at the Ministry of Energy

The proposed merger has garnered attention from both industry experts and policymakers, as the energy sector seeks to address regulatory inefficiencies and reduce operational costs. Merging the two bodies could help streamline regulatory functions, enhance service delivery, and eliminate

Currently, the PURC handles the financial regulation of utilities in Ghana, including setting tariffs and ensuring fair pricing structures.

The Energy Commission, on the other hand, focuses on the technical aspects of energy regulation, such as issuing licenses and ensuring that energy providers adhere to technical standards and policies.

The idea of merging these two entities reflects a broader trend towards regulatory consolidation, seen in other sectors and countries, where combining financial and technical oversight can result in more efficient governance.

By having a unified body handle all aspects of energy regulation, the government believes it can cut costs, reduce bureaucracy, and provide clearer direction to energy companies.

“My position is the position that will be the outcome of the stakeholder consultation.

“Ultimately, we are focused on achieving an efficient regulatory system that serves the best interest of the Ghanaian people.”

Herbert Krapa, Minister of State at the Ministry of Energy

Government’s Commitment to Quality Service Delivery

image

In addition to discussing the proposed merger, Herbert Krapa took the opportunity to highlight the government’s efforts to enhance the quality of services provided by the Ministry of Energy and its affiliated agencies. He expressed optimism about the future of the ministry’s services, referencing the success of Customer Focus Week.

“I am excited that we have been able to celebrate this Client Focus Week, and I understand that we are the only ministry doing so.

“It speaks to how seriously we take our clients, where our theme is to ensure that we are going above and beyond ourselves.”

Herbert Krapa, Minister of State at the Ministry of Energy

This initiative aligns with the broader goals of the Ministry to enhance the quality of services provided to Ghanaians, including by the various agencies and departments under its umbrella.

Hon. Krapa urged these agencies to use the Customer Focus Week as an opportunity to reflect on how they can improve the services they provide, thereby building stronger relationships with their clients and the general public.

The energy sector is a critical part of the country’s economy, and any decisions about its regulation could have far-reaching implications.

While the merger of the PURC and the Energy Commission promises to enhance efficiency, the consultations will need to address concerns around maintaining the independence of regulatory bodies, ensuring transparency in decision-making, and preventing monopolistic behavior.

For now, the government remains committed to a careful, inclusive process that will determine the best path forward. As Hon. Krapa reiterated, “Ultimately, the goal is to have an efficient regulator that serves the best interest of the Ghanaian people.”

The outcome of these consultations will undoubtedly shape the future of energy regulation in Ghana, and potentially set a precedent for other sectors seeking to consolidate their regulatory frameworks.

READ ALSO: Zelenskyy Presents Victory Plan To Parliament

Tags: Energy Commissionenergy regulationMinistry of EnergyPURCtariffs
Please login to join discussion
Previous Post

Ablakwa Exposes Dubious US$38.2 Million Visa Processing Scandal

Next Post

Tamekloe Criticizes EC’s Disqualification of NDC Candidate

[mc4wp_form id="1264"]

Related Posts

EOCO Seizes Lamborghini From Shatta Wale in FBI-backed Asset Recovery Operation
Entertainment

EOCO Seizes Lamborghini From Shatta Wale in FBI-backed Asset Recovery Operation

August 5, 2025
BoG Pushes Banks to Expand Credit Access After Major Policy Rate Cut
Banking

BoG Pushes Banks to Expand Credit Access After Major Policy Rate Cut

August 5, 2025
Dr. Ransford Annetey Abbey, Chief Executive Officer of the Ghana Cocoa Board (COCOBOD)
Agribusiness

COCOBOD CEO Reveals Hidden Cocoa Contract Rollovers Worth Millions

August 5, 2025
Dr. Rashid Pelpuo, Commission, Public
General News

New FWSC Board Tasked to Lead Labour Peace, Wage Reform

August 5, 2025
Cocoa farmers shortchanged?
General News

Cocoa Farmers Shortchanged, Gov’t Criticised Over Pricing

August 5, 2025
Fuse ODG Focuses Beyond Afrobeats Recognition
Entertainment

Fuse ODG Focuses Beyond Afrobeats Recognition

August 5, 2025
EOCO Seizes Lamborghini From Shatta Wale in FBI-backed Asset Recovery Operation
Entertainment

EOCO Seizes Lamborghini From Shatta Wale in FBI-backed Asset Recovery Operation

by Esther Korantemaa OffeiAugust 5, 2025
BoG Pushes Banks to Expand Credit Access After Major Policy Rate Cut
Banking

BoG Pushes Banks to Expand Credit Access After Major Policy Rate Cut

by Stephen M.CAugust 5, 2025
Dr. Ransford Annetey Abbey, Chief Executive Officer of the Ghana Cocoa Board (COCOBOD)
Agribusiness

COCOBOD CEO Reveals Hidden Cocoa Contract Rollovers Worth Millions

by Evans Junior OwuAugust 5, 2025
Dr. Rashid Pelpuo, Commission, Public
General News

New FWSC Board Tasked to Lead Labour Peace, Wage Reform

by Silas Kafui AssemAugust 5, 2025
Cocoa farmers shortchanged?
General News

Cocoa Farmers Shortchanged, Gov’t Criticised Over Pricing

by Lilian AhedorAugust 5, 2025
Fuse ODG Focuses Beyond Afrobeats Recognition
Entertainment

Fuse ODG Focuses Beyond Afrobeats Recognition

by Esther Korantemaa OffeiAugust 5, 2025
EOCO Seizes Lamborghini From Shatta Wale in FBI-backed Asset Recovery Operation
BoG Pushes Banks to Expand Credit Access After Major Policy Rate Cut
Dr. Ransford Annetey Abbey, Chief Executive Officer of the Ghana Cocoa Board (COCOBOD)
Dr. Rashid Pelpuo, Commission, Public
Cocoa farmers shortchanged?
Fuse ODG Focuses Beyond Afrobeats Recognition
[/vc_row_inner]

Recent News

  • EOCO Seizes Lamborghini From Shatta Wale in FBI-backed Asset Recovery Operation
  • BoG Pushes Banks to Expand Credit Access After Major Policy Rate Cut
  • COCOBOD CEO Reveals Hidden Cocoa Contract Rollovers Worth Millions
  • New FWSC Board Tasked to Lead Labour Peace, Wage Reform
  • Cocoa Farmers Shortchanged, Gov’t Criticised Over Pricing
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.