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President-elect John Dramani Mahama has raised serious concerns about the precarious state of Ghana’s energy sector, calling for urgent and comprehensive reforms to avert its collapse.
Speaking during a courtesy visit by the Canadian High Commissioner to Ghana, Myriam Montrat, in Accra on Friday, Mahama emphasized the sector’s critical condition and its potential to destabilize the nation’s economy if left unaddressed.
“The energy sector needs urgent surgery; otherwise, it can collapse everything,” Mahama declared, highlighting the importance of immediate action to restore stability and sustainability.
Mahama criticized the outgoing administration’s portrayal of economic recovery, pointing out the unresolved $2.5 billion debt in the energy sector. He argued that this significant debt undermines claims of economic progress.
“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,” he remarked, questioning the validity of the government’s economic narrative.
The President-elect warned that the unresolved debt could erase any gains made, suggesting that the current administration’s optimistic outlook is an attempt to mask deeper issues. “That alone can crush everything that has been done, and so they want to create a more upbeat story about their economic management before they leave office,” he said.
Mahama assured Ghanaians of his administration’s commitment to transparency, promising to reveal the true state of the economy upon assuming office.
“We are going to open the books when we come and let Ghanaians know what the true situation is. Because if Ghanaians understand what the true situation is, then they will understand some of the measures we will have to take to bring things back,” he explained.
The President-elect reaffirmed his dedication to prioritizing energy sector reforms, ensuring efficiency, sustainability, and reliable energy supply for the benefit of all Ghanaians.
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