The government says it has taken bold steps to reduce, if not eliminate, the continuous support to the Electricity Company of Ghana (ECG) in financing the country's energy sector shortfalls.
That action by the government, Dr Amin Adam said was to make ECG cost and operationally efficient, thereby, reducing the emergency liabilities the company imposed on the Ministry of Finance.
He was responding to a question asked by the Ghana News Agency at a press briefing at the just-ended International Monetary Fund (IMF)/World Bank Group (WBG) Annual Meetings in Washington DC (USA).
In 2024 alone, the government has committed approximately, GHS18 billion (US$1.2bn) in financing energy sector shortfalls, to enable ECG to pay Independent Power Producers (IPPs), and other value chain players.