The Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, is urging the government to tackle the longstanding inefficiencies and political interference that have plagued the country's energy sector.
In a recent interview on Keypoints with Alfred Ocansey on January 11, Boakye discussed the historical and current challenges facing Ghana's energy industry.
For years, the government has been forced to inject funds into the sector to keep it afloat, particularly through the Electricity Company of Ghana (ECG), a state-owned entity that has been riddled with inefficiencies. "The ECG has been at the heart of the financial inefficiencies in the energy sector," Boakye stated. "For years, the government had to inject funds to keep the lights on, but this solution was never sustainable." One of the primary issues Boakye highlighted is the inability of ECG to attract private investments.
The sector's reliance on public funding has prevented the establishment of a strong financial foundation for the future.
