Thursday, 06 November

IMF commends Energy Minister for remarkable progress in energy sector

General News
John Abdulai Jinapor

The International Monetary Fund (IMF) has commended Ghana for making significant strides in reforming and stabilising its energy sector under the leadership of the Minister of Energy, Mr. John Abdulai Jinapor.

In a statement issued in Accra, the IMF Resident Representative in Ghana, Dr. Adrian Alter, lauded the Ministry of Energy for implementing policies that have strengthened the performance of the Electricity Company of Ghana (ECG) and improved revenue mobilisation across the sector.

Dr. Alter highlighted that the operational efficiency and financial management of ECG have shown marked improvement over the past year, attributing these gains to the Energy Ministry’s transparent, accountable, and reform-driven approach.

“The Energy Ministry’s strategic interventions have not only enhanced ECG’s operations but have also reinforced stability and confidence in Ghana’s power sector,” Dr. Alter stated, emphasising that these reforms align with the IMF’s broader objective of supporting sustainable energy governance.

Since assuming office, Minister Jinapor has spearheaded initiatives aimed at boosting generation capacity, streamlining distribution systems, and promoting fiscal discipline within the energy value chain.

His proactive leadership has earned commendation from both domestic stakeholders and international partners.

The IMF’s recognition has generated positive reactions on social media, with many Ghanaians expressing optimism that continued reforms could finally secure lasting stability and growth in the country’s energy landscape.

Analysts say the endorsement underscores growing confidence in Ghana’s energy management reforms, which are seen as crucial to powering economic transformation and supporting industrialisation under the government’s 24-hour economy agenda.

Source: Classfmonline.com/Cecil Mensah