The Volta River Authority (VRA), Ghana's premier energy-generating company, has long been the backbone of the country's power supply.
With its vast hydropower, thermal and solar facilities and critical role in industrial and domestic energy provision, the VRA is more than just an energy company-it is a pillar of Ghana's socioeconomic development.
However, like many state-owned enterprises in the energy sector, the VRA is grappling with significant financial challenges that threaten its ability to fulfill its mandate.
The Challenges: A Critical Examination Mounting Debt and Cash Flow Problems Over the years, the VRA has accrued substantial debt due to a combination of factors: delayed payments from distributors, unprofitable power purchase agreements (PPAs), and increasing operational costs.
