Ghana’s energy sector faces a bleak future, with the power situation expected to deteriorate significantly by 2025, according to Nana Amoasi VII, the Executive Director of the Institute for Energy Security (IES).
In an interview with Bernard Avle on the Citi Breakfast Show on Tuesday, March 26, Nana Amoasi VII outlined the impending crisis, painting a dire picture of Ghana’s energy supply.
“From 2025, the situation is going to get worse,” warned Nana Amoasi VII. He highlighted the increasing debt in the sector as a major concern, likening money in the power sector to lubrication in a car’s engine. Without sufficient funds, friction builds up, leading to potential collapse.
“The managers are not even admitting the problem,” Nana Amoasi VII lamented. “The first point to solving your problem is knowing the problem, admitting, and finding ways to resolve it.”
Financial constraints have crippled the energy sector, leading to unpaid debts to various stakeholders along the supply chain. Nana Amoasi VII emphasized the urgent need to address these constraints to prevent prolonged power outages.
“Until we resolve these financial constraints, dumsor is going to be with us for a very long time,” he cautioned, expressing concern for the future government inheriting this crisis.
The severity of the situation, he noted, extends beyond mere inconvenience, likening it to standing on the edge of a cliff.
With debts accumulating and infrastructure inadequately maintained, Nana Amoasi VII has also called for a comprehensive investigation into the entire value chain by the Public Utilities Regulatory Commission (PURC).
Credit to Pulsegh
