Ghana’s Energy Minister, John Abdulai Jinapor, has raised concerns about the energy sector’s unpaid debts, which have surged to $3 billion as of January 12, 2025. This represents a significant increase from the $2.1 billion owed on August 31, 2017.<\/p>\n\n\n\n
According to Jinapor, the debts are primarily due to unsettled financial obligations to independent power producers, which totaled $1.2 billion as of October 2024. To address this issue, Jinapor emphasized the need for private sector involvement in the operation of the Electricity Company to improve power distribution and promote efficiency.<\/p>\n\n\n\n
To achieve this, Jinapor proposed establishing a seven-member committee comprising:<\/p>\n\n\n\n
Jinapor believes that with this committee in place, the process of addressing the energy sector’s debt will become easier and less prone to political interference.<\/p>\n","protected":false},"excerpt":{"rendered":"
Energy Sector Debt Balloons to $3 Billion, Says John Jinapor<\/p>\n
Ghana’s Energy Minister, John Abdulai Jinapor, has raised concerns about the energy sector’s unpaid debts, which have surged to $3 billion as of January 12, 2025. This represents a significant increase from the $2.1 billion owed on August 31, 2017.<\/p>\n
According to Jinapor, the debts are primarily due to unsettled financial obligations to independent power producers, which totaled $1.2 billion as of October 2024. To address this issue, Jinapor emphasized the need for private sector involvement in the operation of the Electricity Company to improve power distribution and promote efficiency.<\/p>\n
To achieve this, Jinapor proposed establishing a seven-member committee comprising:<\/p>\n
– Legal and Financial Specialists: to provide expert advice on financial matters
\n– Industry Players: to offer insights into the energy sector’s operations<\/p>\n
– Technical Experts: to ensure the committee’s decisions are informed by technical knowledge<\/p>\n
– Private Sector Representatives: to bring private sector expertise and perspectives to the table<\/p>\n
Jinapor believes that with this committee in place, the process of addressing the energy sector’s debt will become easier and less prone to political interference.<\/p>\n","protected":false},"author":1,"featured_media":4530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,18],"tags":[],"class_list":["post-4526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-latest","category-local"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t