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Energy Minister John Peter Amewu said the Akufo-Addo government had cleaned up the energy subsector by ensuring that the country was a promised land for energy.
He added that the government had "reviewed several power purchase agreements allowing the country to save over $ 700 million a year for 13 years in excess capacity charges.
"The revised and renegotiated Renewable Energy PPAs resulted in a reduction in tariffs from $ 19,057 to $ 12.78 on average. Total renewable energy capacity also fell from 2265.1 MW to 515.6 MW. "
Taking his turn at the Meet The Press series on Tuesday in Accra, he said that they had met the sector in a deplorable state: "Alarming public services, high tariffs, high tariffs, a distribution service". 39, poor electricity and low energy penetration ".
However, he saidThe government has successfully relaunched the dieback of the energy sector.
According to the Minister of Energy, Ghanaians are now enjoying affordable and reliable food because of their relentless efforts to repair the energy sector.
Amewu also said the government has also made significant achievements in gas marketing. "The at The price of gas dropped significantly from US $ 10.5 / MMBtu to US $ 7.89 / MMBtu. It has also successfully interconnected the gas export pipeline in Atuabo-Takoradi, Ghana, to allow Sankofa gas to be routed via the natural gas transmission system (NGT) to various customers in the country ", he explained.
He cited the launch of the very first licensing offer last year by President Akufo-Addo, in accordance with the 2016 Petroleum Act.
The minister also said in February 2018 that the Petroleum Commission had launched the petroleum register which comprises oil agreements, licenses, permits and authorizations.
Mr. Amewu also noted that the government was motivated by rising prices for petroleum products in the domestic market.
"From March 2017 to August 2018, the government implemented various tax interventions, such as the elimination of excise duties on March 16, 2017;
Reduction of the special oil tax rate from 17.5% to 15% on March 16, 2017;
Reduction of the special oil tax rate from 15% to 13% on February 16, 2018;
Conversion of the special tax on ad valorem oil into specific tax on 16 February 2018; and
Reduction of Stabilization and Recovery Taxes (PSRL) from 1 December 2017. "
The former Minister of Lands and Natural Resources also spoke about the security of Ghanaians saying that the Cabinet at has ordered a number of actions, including the immediate launch of the National Policy for the Promotion of Liquefied Petroleum Gas (LPG) based on the Bottle Recirculation Model (RCM).
He said it's to make sure that at least 50 percent Ghanaians have access to a safe and environmentally friendly LPG for domestic, commercial and industrial use by 2030.
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