Dr. Cassiel Ato Forson, the Finance Minister, says the current government inherited a bleeding energy sector with annual financing shortfalls over $1.5 billion.
He made this known during the presentation of the 2025 Mid-Year Budget Review to Parliament on Thursday, 24 July 2025, saying
The energy was severely distressed.
He blamed these challenges on unsustainable debts, poorly structured power purchase agreements, and inefficiencies that continue to weigh heavily on the economy.
“We inherited a bleeding energy sector with annual financing shortfalls over $1.5 billion,” he stated.
He lamented that the gap in financing had led to an accumulation of arrears and payment delays across the energy value chain.
The situation, he said, undermined investor confidence and put pressure on public finances.
He underscored the need for urgent reforms to ensure financial viability and improved service delivery.
Dr. Forson announced the decision by the government to implement corrective measures, including renegotiating power agreements and enhancing revenue collection within the sector.
By: Rainbowradioonline.com/Ghana
