The Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has urged the Minister for Energy and Green Transition, John Jinapor, to be more transparent with the public about the current challenges facing the country’s energy sector.
His advice comes in the wake of revelations by the Ministry that it urgently needs GH₵1.1 billion to procure liquid fuel for power generation, warning that existing fuel reserves are projected to last only 2.6 days.
The funding gap is part of a broader issue, as the energy sector is reportedly grappling with a GH₵2 billion monthly deficit, largely due to the Electricity Company of Ghana’s (ECG) failure to collect adequate revenue.
Speaking on Eyewitness News with Sammi Wiafe on Thursday, May 15, Nana Amoasi VII said while he understands the Minister’s intention to reassure consumers, it is critical to be upfront about the sector’s inefficiencies.
“We have a huge challenge in the sector, and I can understand the Minister seeking to give comfort to consumers. But we believe that the minister should be more realistic with consumers, that they cannot be guaranteed a stable power supply until the inefficiencies in ECG are fixed.
“I think the minister should tell consumers there’s an issue at hand, after all, you inherited ‘Dumsor’ and ask them for enough time, then you can fix the challenges,” he urged.
He emphasized the need for a sustainable financial structure where all stakeholders in the power value chain — including fuel suppliers, power generators, and transmitters — are adequately compensated to ensure effective service delivery.
“We should have enough money to pay the fuel supplier, the power generator, and the transmitter of the power,” he said.
Source:Fiilafmonline/CitiBuss
