The Ministry of Energy and Green Transition says Ghana’s recent stretch of stable electricity supply is the result of targeted policy and operational reforms led by Minister John Abdulai Jinapor.
Speaking on Accra-based Neat FM, the Ministry’s Spokesperson, Richmond Rockson, outlined a series of interventions aimed at improving efficiency, transparency, and value for money across the power sector.
He revealed that 200 new transformers have already been procured to tackle localised outages, while major strides have been made in restructuring Power Purchase Agreements to enhance competitiveness.
“All PPAs are now being awarded through competitive tendering as required by L.I. 258. The Ministry has successfully renegotiated several existing PPAs, leading to savings of over 300 million dollars,” Rockson said.
He added that reforms in liquid fuel procurement have boosted reliability in thermal generation, contributing to the current stability in power supply.
Rockson further commended President John Dramani Mahama and the Energy Minister for sustaining the Cash Waterfall Mechanism, a financial management system he says has improved transparency in sector-wide cash flows.
He also disclosed that the Electricity Company of Ghana has undergone significant operational restructuring, resulting in a dramatic cut in expenditure.
“Last year, ECG spent about 9 billion cedis, but this year that figure has been reduced to 2 billion, allowing the company to redirect funds to core operational needs such as maintenance and material procurement,” he noted.
According to Rockson, these reforms are part of a broader agenda to build a resilient and efficient energy sector capable of underpinning Ghana’s 24-hour economy vision.