President Mahama blames Akufo-Addo administration for $2.5 billion energy sector debt
President John Dramani Mahama has attributed the $2.5 billion debt in Ghana's energy sector to the mismanagement of the Energy Sector Levy by the previous Akufo-Addo-Bawumia administration.
Speaking at a meeting with stakeholders in the power sector in Accra, President Mahama criticized the former government for failing to properly utilize the levy to address the sector’s financial challenges, alleging that the funds were misapplied.
During his second engagement with energy sector leaders within a week, the President emphasized the urgent need for reforms to strengthen the Electricity Company of Ghana (ECG).
He advocated for increased private sector participation in ECG operations as a solution to reduce technical losses and enhance efficiency in service delivery.
“We must ensure the Electricity Company of Ghana becomes more efficient by leveraging private sector expertise.
This will not only minimize technical losses but also improve overall performance,” President Mahama stated.
The meeting forms part of ongoing efforts by the Mahama administration to address Ghana's energy sector challenges and restore financial sustainability.
Source: Classfmonline.com/Pearl Ollennu
Trending Business

Muntaka Entrepreneurship Hub trains over 100 women in Asawase
14:16
Ghana Gold Board rakes in over $10bn ahead of target
09:56
GEXIM faces GHS1.5bn credit exposure as NPLs near 30% — CEO
09:36
Six Degrees delivers immersive experiential production at Kweku Smoke’s revival concert
10:37
GIPC highlights govt’s commitment to retail sector transformation at GUTA conference
03:01
Lower-Volta Small-Scale Miners & Farmers to host international livestock market
00:43
Nigeria's commercial dispute involving Ghanaian firm raises bilateral trade concerns-UK Certified Customer Communication expert warns
21:31



