Tag: Ghana energy sector

To tackle these obligations, Mahama pledged a strategic approach to renegotiate and ring-fence the debt while ensuring payments are made to all affected entities.

Dr. Forson stressed that Ghana’s current over-reliance on imported liquid fuels for power generation is economically unsustainable.

“Electricity is the fulcrum around which industrial transformation and daily life revolve.

“These can support the rural electrification agenda by providing stable and localized power generation.”

“Ghana is not an attractive investment destination, and that is why we have not signed any new contracts.

According to data presented by the Ministry of Finance and the 2024 budget report, ECG's losses have reached critical levels.

“Mr. Kombat brings with him a wealth of industry knowledge and leadership. His vision for TOR is anchored in performance, efficiency, and sustainability.”

Ghana’s power sector is currently facing a major crisis, largely driven by the Electricity Company of Ghana’s (ECG) ballooning debt and persistent inefficiencies in revenue collection.  ECG is reportedly burdened ...

“The planned facilities will significantly strengthen Ghana’s capacity to process and utilize its petroleum resources on home soil.

“If you cast your mind back, during the President’s first tenure, all efforts were geared towards sending ECG into privatization.