Chief Dr. Joseph Dion Ngute (Left) and Togbe Afede XIV (Right)
Energy Commission warns sector debt could hit US$12.5bn without urgent action
The Energy Commission says without urgent steps to address the chronic debt in the energy sector, overall sector liabilities could hit US$12.5bn by the end of 2023. The size of energy sector arrears and debts was about US$2.7bn as at January 2018, and it was forecast that an additional US$1.3bn...
Electricity Bills Waiver Spells Doom for Debt Ridden Power Sector
Government’s decision to take up 50 percent of electricity bills for residential, commercial and industrial users and free electricity for the poor for the next three months, according to energy and power experts, could be the final nail in the coffin of a debt-stricken sector hanging by a thread. According...
Use US$2bn Energy Fund to finance capacity charges – CIPDiB to Government
It will be more prudent to use the mooted US$2billion Energy Sector Fund to finance capacity charges rather than re-financing the existing debt of Independent Power Producers (IPPS), the Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB–Ghana) has said. The Chamber wants the Fund to be used for...