The Africa Center For Energy Policy(ACEP) has warned his Excellency president Nana Akufo Addo to focus on the energy sector.
Mr Benjamin Boakye, Deputy Executive Director of ACEP in a exclusive interview with Dailyviewgh.com’s Dickson Boadi said, the energy sector will tell the success of President Nana Addo if he will fail or victorious.
Our challenges are many as a country. A new government such as we have today cannot enjoy any honeymoon particularly in relation to the energy sector which is critical nerve of the Ghanaian economy said Mr Boakye.
ACEP has consistently supported the government of Ghana and public discourse with policy alternatives in the energy sector.
Mr Boakye in his speech said that ACEP will continue to doing accordance with their objective of ensuring good governance anchored on transparency, accountability and dedication to nation building.
Mr Boakye went ahead to mention some of the problems the previous government faced in office before he left office for the new government to take over.
In the energy sector, Mr Boakye said the challenges of the energy sector are far from over regardless of the relative stability in supply to consumers today.the additional generation capacity to the grid,no doubt to help to provide power to replace unavailable power from T3 thermal plant,Akosombo,kpong Hydro plant,Asogli and others.
He however said that the other challenges such as financial distress of the utility companies, full supply security high tariff and suppressed demand, do not only threaten the stability of the power supply but explosion of the economy as a whole.
In financial sector Mr Boakye continue to said that the utility companies to reel under financial distress The recent attempts at restructuring their indebtedness to the banks has not yet translated to improved relationship and confidence in the sector by the banks.
The Volta River Authority(VRA)for instance will struggles to seaire letters of credit to procure fuel for it’s plants. This is worrisome particularly in the light of huge burden on consumers through the energy sector.
Levies to normalize the situation as a result of it’s financial challenges VRA has missed important maintainance schedules. Which now threatens supply stability in the short term.
Mr Boakye in his final words on behalf of the Africa Center For Energy Policy(ACEP) congratulated President Nana Addo Dankwa Akufo Addo for coming out victorious in the December polls.He wished the new government well and said it is ACEP prayers that the aspiration of the Ghanaian people will drive governance processes to make Mother Ghana a better nation.
Source: Dickson Boadi // www.dailyviewgh.com / Ghana
Writer’s email dailyviewgh@gmail.com
