Ghana’s Minister for Energy and Green Transitions, John Jinapor, has issued a stark warning about the precarious state of the country’s energy sector, stating that it is at risk of collapsing unless urgent action is taken.
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During a discussion at the National Economic Dialogue (NED) in Accra, Jinapor highlighted the severe financial challenges facing the sector, citing a staggering 80 billion cedi debt that continues to rise.
He emphasized that this level of debt is unsustainable and would require a massive payout to resolve. However, the debt is just one part of the problem.
Jinapor explained that a broader financial gap is widening each month, with the power sector alone facing a monthly shortfall of approximately $70 million. While the sector collects less than $100 million, it needs around $175 million, exacerbating its financial instability.
He called for immediate reforms, stressing the importance of bringing in more private sector involvement to prevent a full-scale collapse.
