Ghana's energy sector debt soars to reach 8 billion G ¢



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Ghana's energy sector debt soars to reach 8 billion G ¢

The exact amount of Ghana's energy sector debt is becoming a huge political balloon played by President Akufo Addo and former President John Dramani Mahama, who accuse each other.

In Canada, President Akufo-Addo said on Wednesday that his administration inherited the 5.2 billion Gh ¢ energy debt contracted by the administration headed by John Mahama, saying half of the debt had been paid. .

However, ex-president Mahama recently told Accra-based Citi FM that the energy sector's albatross of debt had exploded to 8 billion shillings under his current successor. .

It is difficult to know which of the two numbers is currently facing in this sector, as it has become clear that the series of power outages that have occurred in the country is due to the government's inability to pay this debt.

"I learned my lesson. We are going to do a much better phase of reform of these agreements in order to lighten the burden. "

The president, who was speaking Sunday at a Ghanaian public badembly in Toronto, Canada, said the power cuts that Ghanaians are forced to suffer were caused by the previous government led by Mahama.

However, according to ex-president Mahama, the administration of Akufo Addo would have added more than 3 billion Gh Gh of new debts to the energy sector since taking office in 2017 .

On this debt, he said that the Ghana Grid Management Company (GRIDCo) had accumulated 500 million Gh ¢.

"They [NPP] has accumulated new debts: GRIDCo has contracted nearly 500 million debts from production companies because they do not generate enough money to pay the cost of electricity, "said Mahama.

"It was not my fault that there had been an energy crisis, it was a leadership problem … I was the commander-in-chief, I was responsible, I I am responsible and I will not blame anyone. In 2016, the lights were stable before my delivery [to the NPP]. Dumsor had been resolved, we had solved the problem …, "said Mahama in the CITI FM interview.

But President Akufo Addo admitted that his government has been lax in solving the problem of growing debt in the energy sector.

"I learned my lesson. We are going to do a much better phase of reform of these agreements to ease the burden, "the president told his audience in Canada.

Source: Modernghana / whatsupnews

Felix Engsalige Nyaaba
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