President-elect John Dramani Mahama has raised concerns regarding the critical condition of Ghana’s energy sector, calling for urgent and thorough reforms to address its issues.
During a meeting with Canadian High Commissioner to Ghana, Myriam Montrat, in Accra on Friday, Mahama emphasized the sector’s vulnerability and warned of its potential repercussions on the country’s economic stability.
He reaffirmed his administration’s commitment to prioritizing reforms that would ensure an efficient, sustainable, and reliable energy supply for all Ghanaians.
“You have a $2.5 billion debt, your bailout is only $3 billion, and so $2.5 billion sitting and breathing and you say the economy is turning around.”
Mahama criticized the current government’s depiction of economic recovery, highlighting the substantial unresolved debt burden. He warned that this debt could jeopardize any progress achieved, suggesting that the government’s optimistic portrayal of the economy is misleading.
“That alone could undermine everything accomplished, as they seek to present a more positive narrative about their economic management before leaving office.”
The President-elect assured Ghanaians that his administration would prioritize transparency regarding the actual state of the economy.
“We will open the books upon taking office and inform Ghanaians about the real situation. Understanding the true circumstances will help them comprehend the measures we may need to implement to restore stability”
