The Minister for Energy and Green Transition, John Abdulai Jinapor, has expressed deep concern over the rising debt within Ghana’s energy sector, warning that urgent action is needed to prevent its collapse.
He noted that the continuous accumulation of liabilities poses a significant threat to the sector’s sustainability and called for drastic measures to address the financial crisis.
Speaking at an engagement with Civil Society Organisations (CSOs) in Accra on the challenges and future of the energy sector, Mr. Jinapor revealed that “the sector’s total liabilities have reached a staggering GH¢80 billion.”
He highlighted that the Electricity Company of Ghana (ECG) “alone accounts for over GH¢60 billion of this debt, a situation he described as unsustainable and requiring immediate intervention.”
The Minister urged stakeholders to explore innovative solutions to the financial difficulties facing the sector.
He emphasised that one of the major issues contributing to the crisis is inadequate financing, calling on CSOs to collaborate with the government in finding sustainable solutions to stabilise the industry and prevent further deterioration.
Mr Jinapor reassured the CSOs of the government’s unwavering commitment to revitalising the energy sector for the benefit of all Ghanaians.
He stressed that the government remains dedicated to implementing policies and reforms that will ensure the sector’s long-term viability and efficiency.
