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Fuel pump

Fuel supply, financial challenges top priorities for energy sector – John Jinapor

Energy Minister-designate, John Jinapor, has identified fuel supply and financial stability as the most pressing challenges confronting Ghana’s energy sector.Speaking during his vetting before...

We can keep energy sector challenges under control – John Jinapor

Energy Minister-designate John Abdulai Jinapor says government will do anything to keep the challenges in the energy sector particularly the electricity under control.The former...

John Jinapor raises alarm over escalating energy sector debt

Energy Minister-Designate John Abdulai Jinapor has expressed deep concern over the escalating debt burden in Ghana’s energy sector, calling it a pressing issue that...
President-elect Mahama

Energy sector needs urgent surgery – Mahama

President-elect John Dramani Mahama has voiced serious concerns about the deteriorating state of Ghana’s energy sector, calling for urgent and thorough reforms to address...

ECG’s 32% losses unsustainable – Mahama demands urgent energy sector reform

President-elect John Dramani Mahama has expressed concerns about the health of Ghana’s economy, stating that despite President Akufo-Addo’s optimistic outlook on third-quarter growth, the...
IMF

Energy sector is a major source of financial risk; legacy debts hit $2.1bn –...

The International Monetary Fund has revealed in its Third Review of the Economic Credit Facility programme that the energy sector is a major source...

Energy sector faces ‘systematic decimation,’ needs urgent fix – ACEP’s Ben Boakye to Mahama

The Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has raised concerns about the dire state of Ghana’s energy sector,...
Bridge Power Plant

Ghana’s energy sector gets a boost with commissioning of Bridge Power Plant

President Nana Addo Dankwa Akufo-Addo commissioned the $1.2 billion Bridge Power Plant in Tema on November 19, 2024, marking a monumental achievement in Ghana’s...

Merging struggling entities won’t fix energy sector; timing is crucial – IES boss

The Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has raised concerns about the proposed mergers within Ghana’s energy sector...

Energy sector not advancing enough – ACEP

The Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has expressed concerns over the state of the country’s energy sector.According...
Ghana secures $260M World Bank agreement to address energy sector inefficiencies

Ghana secures $260M World Bank agreement to address energy sector inefficiencies

Ghana has signed a US$260 million deal with the World Bank to help solve the US$1.2 billion energy sector losses and other inefficiencies in...

Ghana signs $260m Energy Sector Recovery facility with World Bank

Ghana has signed a $260 million Energy Sector Recovery Programme facility with the World Bank to boost the sector’s recovery and financial stability.The agreement,...

Energy sector on its knees; ECG on verge of collapse – John Jinapor [Video]

Former Deputy Power Minister, John Abdulai Jinapor has criticised government over the alarming financial state of the Electricity Company of Ghana (ECG).Mr Jinapor, who...

NPP planning to handover $2bn energy sector debt to NDC – Minority

The Minority in Parliament is demanding a thorough audit of Ghana’s energy sector to determine the full scope of its debt.According to the caucus,...

Mahama blames NPP govt for declining investor confidence in energy sector

The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has accused the New Patriotic Party (NPP) government of undermining investor confidence in...

Proposed energy sector merger could threaten electricity affordability – IES warns

The Institute for Energy Security (IES) has raised concerns about a draft bill proposing the merger of key energy institutions, including the Volta River...
Parliament

Parliament approves $250 million for the Ghana Energy Sector Recovery Programme.

Parliament has approved $250 million for the Ghana Energy Sector Recovery Programme.The fund will be used to support efficient power distribution and help reduce...
Parliament

Parliament rejects $250m Energy Sector Recovery Programme load over $90m consultancy fee

Parliament has rejected a $250 million loan for the Ghana Energy Sector Recovery Programme.The financing agreement is between government and the International Development Association...

Energy Minister calls on global investors to invest in Ghana’s energy sector

The Minister of Energy, Dr Matthew Opoku Prempeh, has urged global energy leaders and experts to invest in Ghana's energy sector, which is being...

Ghana’s energy sector recovery programme gets US$260m boost

Ghana has received a total of US$260 million from the World Bank to improve the financial viability of electricity distribution and increase access to...

World Bank approves $250 million credit for energy sector

The World Bank has approved a $250 million credit to support a four-year Ghana Energy Sector Recovery programme.It has also approved an additional $10...

World Bank supports policy reform of Ghana’s energy sector

The World Bank has approved a $250 million credit from the International Development Association (IDA) and a $10 million grant from the Energy Sector...
The Fund

Improve energy sector governance to address power challenges – IMF to Ghana

The International Monetary Fund (IMF) has urged Ghana’s government to improve the country’s energy sector governance architecture to address the challenges that have contributed...

Dumsor: Opoku Prempeh not in charge of energy sector – Minority alleges

The Minority in Parliament has accused Energy Minister, Matthew Opoku Prempeh of lacking control over his Ministry.This, they said is to blame for his...
dumsor

Dumsor: Energy sector ‘shepherdless’, we need a new leader – IES Director

The Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has stated that the energy sector is currently lacking effective leadership.He...

Ghana’s looming energy sector crisis

Ghana’s energy sector is a debt making-machine, accumulating approximately $1 billion in debt annually, with around $500 million stemming from excess capacity charges.According...

Major stakeholders in energy sector to meet over power outages

All major stakeholders in the energy sector are set to appear before Parliament’s Energy Committee this Saturday, April 6, according to the Committee’s Chairman,...

Energy sector needs skilled leadership amidst ECG board chair resignation – ACEP

Following the resignation of Keli Gadzekpo as the Board Chair of the Electricity Company of Ghana (ECG), Benjamin Boakye, the Executive Director of the...

Energy sector debt poses greatest risk to Ghana’s economy – Minority warns

The Minority Leader in Parliament, Dr. Cassiel Ato Forson, has emphasised that the debt plaguing the energy sector poses an immense threat to Ghana's...

South Sudan President Opens New Nilepet headquarters (HQ); National Oil Firm Aims to Transform...

Nilepet is a major employer and incubator of talent in the petroleum industry of South Sudan. Its new, modern HQ marks a shift to...

Energy sector arrears stood at $1.6bn in 2022

Ghana’s energy sector arrears stood at some $ 1.6 billion, about 2.3 percent of Gross Domestic Product at the end of 2022.According to the...

Four top trends to watch in the African energy sector in 2024

As we head into 2024, the renewable energy sector is set to see innovation that will transform the way energy is accessed, stored and...

15% VAT on electricity to help govt pay energy sector debts – Agyapa Mercer

The government has outlined the rationale for the imposition of a 15 percent Value Added Tax (VAT) on electricity consumption.This measure is part...

Green Tech Advancements Key to Sustainable Growth in Sub-Saharan Africa’s Renewable Energy Sector

Renewable energy capacity in Sub-Saharan Africa is projected to nearly double (https://apo-opa.co/3tbpYZ0) by 2027, with the addition of over 40 GW from alternative power sources....

Ghana outlines ambitious plans for Energy Sector in new national policy

The government of Ghana has unveiled a new National Energy Policy that aims to transform the country's energy sector and support its economic development...

¢6.703bn Energy Sector Levies collected in 2022 – 2022 ESLA report

Actual Energy Sector Levies collected from January 2022 to December 2022 totalled ¢6.703 billion, the 2022 Annual Energy Sector Levy Act (ESLA) Report has...

Energy sector debt: Who pays for the energy reserve margin? – Former Power Minister

Former Power Minister, Dr. Kwabena Donkor, says he does not agree with government deciding to pay Independent Power Producers (IPPs) for energy consumed only.According...

Urgent action plan needed to deal with energy sector crisis – World Bank warns...

Global financial institution, World Bank, is warning of interruption to the power supply in Ghana if government fails to fix the financial challenges facing...
Deputy Energy Minister and Member of Parliament for Sekondi Constituency, Hon. Andrew Kofi Egyapa Mercer

Egyapa Mercer blames NDC for huge energy sector debt

Deputy Energy Minister Andrew Egyapa Mercer has accused the National Democratic Congress (NDC) of being responsible for costly Power Purchasing Agreements (PPAs) that have...
ghana gas

2022 Budget: 4 things energy sector stakeholders expect

Debt at various levels remains a key concern for observers and stakeholders in the energy sector. This has been the result of inefficient policy...