My Meeting With Independent Power Producers: President John Dramani Mahama Writes
On Monday, I met with independent power producers (IPPs) and reaffirmed my commitment to supporting their contribution to boosting our country’s electricity supply.
We must recognise the vital role that IPPs play in complementing our government’s efforts to harness the capital needed for energy generation.
Just as I did during my engagements with the sector in the run-up to the election, I reiterated the pressing challenges faced by the Electricity Company of Ghana (ECG). With a staggering 40% in commercial and technical losses, it’s clear that we need a transformative approach to reform the energy sector. We must operate more transparently and competitively, and together, we can find efficient partners to optimise our billing and metering processes.
I acknowledge the debts accumulated within our energy sector, which is a challenge we must face together. While my previous administration introduced the Energy Sector Levy Act (ESLA) to clear these debts, the mismanagement of funds has hindered that effort. We must refocus and ensure that revenues are directed appropriately to foster growth.
Ghana is open for business again, and I invite local and international investors to join us in revitalising our energy sector.
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