The government has
begun collaborative consultations with Independent Power Producers (IPP) to
resolve the Take or Pay obligations crippling Ghana’s Energy Sector.
The three-month engagement directed by the Ministers of Energy and Finance will
involve direct discussions with each of Ghana’s Independent Power Producers and
Gas suppliers among others.
At a meeting with stakeholders in Accra on Monday August 26, 2019, the Minister
of Finance, Ken Ofori-Atta reminded the participants that a stable and growing
economy was in the interests of businesses and investors.
The collaborative consultation process, which has been welcomed by the
international investor community, is expected to “provide a forum for
stakeholders to contribute to Government’s energy strategy”, he said.
The Minister emphasized the importance of the sector and its private sector
operators and investors to Ghana’s energy future.
“Fundamental to achieving a sustainable future and industrialization is the
all-important goal in having reliable and affordable power.
This is how important your investment is to us and that is why it is crucial
for all of us to get this right, together”, he told the gathering.
Mr. Ofori-Atta added that “Moving Ghana Beyond Aid means Government is
committed to achieving security of electricity supply and sustainable
generating capacity that offers reliable and affordable power for the Ghanaian
people and businesses, whilst providing investors with attractive
opportunities.”
The meeting comes a month after the Minister for Finance told Parliament during
his presentation of the Mid-Year Budget Review that government will do away
with take-or-pay contracts in the energy sector.
Meanwhile government says it will release more details on the collaborative
consultation process in the coming days.
Starrfm
