The Millennium Challenge Corporation (MCC) has reiterated the need for Ghana to work hard and reduce the cost of electricity to businesses. The corporation made the call after it injected $316 million into Ghana’s electricity distribution sector through the Power Compact deal. Currently, Ghana has one of the highest electricity...
Electricity tariff for commercial, industry too expensive; let’s change tariff structure – Opoku Prempeh
The Minister of Energy, Dr. Matthew Opoku Prempeh has suggested a change in Ghana’s current tariff structure to boost industrialization in the country. According to him, the end-user tariffs for commercial and industrial sectors of the economy are relatively higher and punitive when compared to tariffs in other developing countries...
PURC establishes two Regulatory Audit Units
2nd April, 2022 The Public Utilities Regulatory Commission (PURC) has established two Regulatory Audit Units. This was made known by Dr. Ishmael Ackah, the Executive Secretary of the Commission, during a two-day workshop for Social Accountability Actors on the Electricity Tariff Setting Process in the country. Dr. Ackah indicated that...
Tariff increase not an option for ECG – Energy Minister
20th April, 2022 The Minister of Energy, Dr. Matthew Opoku Prempeh, has indicated that tariff increases for the Electricity Company of Ghana are not an option for now. Rather, he said, the company was being encouraged to cut down on its losses as well as put in the necessary mechanisms...
GH¢3.2bn losses weigh heavily on ECG
20th April, 2022 Technical and commercial losses of about GH¢3.2billion are threatening the future of the state-owned power utility, Electricity Company of Ghana (ECG), and the electricity value chain, says Energy Minister Dr. Matthew Opoku Prempeh. The company’s losses in current exchange terms amount to over US$400million and stem from...
Opoku-Ahweneeh Danquah takes over as GNPC CEO from Dr. K.K Sarpong
21st April, 2022 The Deputy Chief Executive Officer at the Ghana National Petroleum Corporation (GNPC), in charge of Technical Operations, Opoku-Ahweneeh Danquah, has taken over from Dr. Kofi Koduah Sarpong as the new chief executive officer of the company. Dr. K.K Sarpong is expected to step down as the chief...
AfDB committed to energy projects – Dr. Kevin Kariuki
21st April 2022 The African Development Bank (AfDB) remains committed to financing gas projects for energy generation in Africa, the Vice-President for Power, Energy, Climate, and Green Growth at the bank, Dr. Kevin Kariuki, has said. Despite a global campaign against investment in fossil fuels, he said, the development bank...