{"id":161101,"date":"2024-03-11T19:21:13","date_gmt":"2024-03-11T19:21:13","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/03\/11\/energy-sector-debt-remains-biggest-threat-to-ghanas-economy\/"},"modified":"2024-03-11T19:21:13","modified_gmt":"2024-03-11T19:21:13","slug":"energy-sector-debt-remains-biggest-threat-to-ghanas-economy","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/03\/11\/energy-sector-debt-remains-biggest-threat-to-ghanas-economy\/","title":{"rendered":"Energy sector debt remains biggest threat to Ghana&#8217;s economy"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The Minority Leader in Parliament, Dr Cassiel Ato Forson, has stated that the debt in the energy sector poses the greatest risk to the nation\u2019s economy.<\/p>\n<p>\u201cThe reality, Mr Speaker, is that this crippling indebtedness and the mess in the power sector, created by the Akufo Addo\/Bawumia government, remains the biggest threat to the Ghanaian economy, \u201d he said while addressing the State of the Nation Address (SONA) in parliament on Monday.<\/p>\n<p>Dr Forson observed that the substantial, dedicated revenues from the Energy Sector Levies Act (ESLA), which were left by President John Mahama to settle all the legacy debts in the energy sector, had been squandered by the current administration.<\/p>\n<p>\u201cThis Akufo-Addo\/Bawumia NPP government owes in excess of $1.5 billion to Independent Power Producers (IPPs),\u201d he added.<\/p>\n<p>\u201cThe Akufo-Addo\/Bawumia government has resorted to a fire-fighting strategy, deliberately kicking the can down the road for the next NDC government to inherit its huge indebtedness to the IPPs,\u201d he stated.<\/p>\n<p>Read the Minority Leader\u2019s speech here<\/p>\n<hr\/>\n<p>\u00a0<\/p>\n<p><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/p>\n<p><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU:\u00a0https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/p>\n<p><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Minority Leader in Parliament, Dr Cassiel Ato Forson, has stated that the debt in the energy sector poses the greatest risk to the nation\u2019s economy. \u201cThe reality, Mr Speaker, is that this crippling indebtedness and the mess in the power sector, created by the Akufo Addo\/Bawumia government, remains the biggest threat to the Ghanaian [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":81124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-161101","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - 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