The Minister of Energy and Green Transition, John Jinapor, has disclosed that it urgently requires GH₵1.1 billion to purchase liquid fuel for power generation.
The minister is warning that existing fuel reserves are expected to run out in just 2.6 days, hence the need to purchase fuel for power generation.
Addressing the Parliamentary Energy Committee during a meeting with various stakeholders on Thursday, May 15, 2025, the minister noted that there still exist some challenges due to the precarious state of the sector’s fuel supply.
“The fuel we have will last us just 2.6 days. Although we have placed orders for more fuel, these must be paid for. Some fuel has been procured on credit, and we are coordinating with the Ministry of Finance for payment. However, the Ministry of Finance also faces its limitations,” he stated.
He disclosed the government is seeking other sustainable solutions, including private sector involvement in ECG operations to improve efficiency and revenue mobilisation.
Meanwhile, he has also revealed some disturbing news about Ghana Water Company Limited indebtedness to the Electricity Company of Ghana (ECG).
“I was listening to the news at 10 pm, where Ghana Water made a complaint that, because of some erratic power situation, they are unable to supply adequately. I empathise with them, and I think that what we have inherited, we should improve on it.
“But the other notice is that Ghana Water hasn’t paid any GH₵1 for seven months. We need that money to stabilise the power. If you don’t pay GH₵1 for seven months and it compounds to GH₵1 billion, the power sector will not be stable. The private sector or ordinary citizens alone cannot be made to shoulder the burden,” he said
By: Rainbowradioonline.com/Ghana