Finance Minister Cassiel Ato Forson has indicated that fiscal risks in the energy sector remain a challenge.
However, the government has instituted measures to reduce, and eventually eliminate, the shortfall.
He made this known while addressing the press at a joint press conference on the 4th review of the IMF-Supported Programme. "Ladies and Gentlemen, I must acknowledge that fiscal risks in the energy sector remain a challenge, but we have instituted measures to reduce, and eventually eliminate, the shortfall," he said.
The Minister further explained that Cash Waterfall Mechanism is being implemented according to the guidelines and guaranteed a minimum contractual payments to the IPPs, among others. "We have now operationalised the single account mechanism and ensured that the Cash Waterfall Mechanism is being implemented according to the guidelines, to guarantee minimum contractual payments to the IPPs, among others".
