The Ministry of Power and Inexperienced Transition has attributed Ghana’s latest enchancment in energy stability to vital investments within the power sector, following a precarious interval of widespread load shedding and near-total depletion of liquid gasoline reserves.
Talking to the media, the Ministry’s Spokesperson and Head of Communications, Richmond Rockson, Esq, revealed that as not too long ago as December 2024, the nation was shedding greater than 700 megawatts of energy as a result of insufficient gasoline provide and era shortfalls.
“As at December 2024, we had been shedding load of over 700 megawatts, and the info is there for everybody to reference,” he said.
“In January, simply earlier than the swearing-in of the present administration, even liquid fuels to energy our thermal crops had been nearly non-existent, we had simply over two days’ provide.”
Mr. Rockson stated the state of affairs had pushed the nation to the brink of a full-blown energy disaster however credited the turnaround over the previous three to 4 months to swift interventions led by the Minister for Power and Inexperienced Transition.
“It was very tough over the past three or 4 months, however because of the work that has been accomplished by the Minister, now we have seen huge enchancment in our grid,” he added.
A central a part of the federal government’s technique, he defined, has been heavy funding in securing liquid fuels for energy era, a measure the Ministry described as expensive however unavoidable.
In keeping with him, Ghana spent over $1 billion on liquid fuels in 2024, with projections for 2025 estimated at $1.2 billion.
“One of many vital causes, in actual fact, primarily for the introduction of the extra 1 cedi beneath ESLA, which some seek advice from because the ‘Dumsor Levy’, is to make sure sufficient provision of liquid fuels,” he defined. “It was a vital choice to stabilise the grid and keep away from the recurrence of load shedding.”
The spokesperson reaffirmed the Ministry’s dedication to long-term options beneath the Inexperienced Transition agenda however pressured that present gasoline investments had been indispensable to stop the collapse of the nationwide grid.
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