Benjamin Nsiah, Energy and Policy Analyst, has criticised the government’s handling of resources, citing the energy sector’s significant shortfall.
Speaking at a press conference organised by Revenue Mobilisation Africa and the Centre for Environmental Management and Sustainable Energy, Nsiah argued that prudent utilisation of funds used for the banking sector cleanup could have modernised the energy sector and prevented the current crisis.
According to Nsiah, if the estimated $25-30 billion spent on the banking sector cleanup had been channelled into the energy sector, it would have addressed the sector’s challenges, including frequent power outages and deaths related to IPPs.
He emphasised the need for transparency and accountability in resource management, urging policymakers to explore alternative revenue sources beyond the petroleum sector.
Nsiah also highlighted the impact of levies and taxes on the energy sector, noting that these policies have not yielded the desired results.
He called on the media to scrutinise energy sector policies and hold the government accountable for responsible resource management.
The press conference focused on the “60-40” state resources recovery formula and its implications for the energy sector.
Mr. Nsiah’s remarks underscore the need for a more efficient and effective approach to resource management in Ghana’s energy sector.
By Rinbowradioonline.com/Ghana
