The Institute for Energy Security (IES) has said it has observed with grave concern the deteriorating state of Ghana's power sector under the current government, despite inheriting substantial resources and opportunities in 2017.
The sector, which was on a trajectory of recovery and growth, has suffered significant setback, IES said.
This sector, which plays a critical role in driving the nation's economy and improving the lives of citizens, is now beleaguered with operational and financial inefficiencies, mounting debts, mismanagement, diminishing public confidence, and questionable choices, it added. Inherited resources and missed opportunities As a starting point, it is important to note that in January 2017, the government of the New Patriotic Party (NPP) inherited a relatively stable power sector without extended power outages (dumsor).
The government received a well-positioned power sector, including: Excess capacity to meet demand: Ghana's installed generation capacity stood at 4,599 MW, with a dependable capacity of 4,127 MW, serving a peak demand of 2,078 MW in December 2016.