The Minister for Finance, Dr Cassiel Ato Forson, has revealed that the government has set aside GHS28 billion in the 2025 budget to tackle the pressing financial challenges facing Ghana’s energy sector.
This allocation, he explained, is essential to stabilising a sector that has been grappling with significant financial deficits.
Dr Ato Forson highlighted the dire state of the energy sector, stressing the urgent need for intervention.
Speaking on Channel One TV on Wednesday, March 12, he stated, “We have inherited an energy sector that is on its knees.
“An energy sector that is throwing out an annual shortfall of in excess of $2 billion every single year that the state must look for money and finance.”
According to the Finance Minister, without this substantial budgetary provision, the sector would have faced even greater difficulties by the end of the year.
He emphasised that the financial strain was inherited from the previous administration, requiring immediate and decisive action to avert further crises.
“In the 2025 budget, I have provisioned GH¢28 billion to support the energy sector. If we had failed to do that, the energy sector by year-end would have seen difficulties, problems, and this is something we inherited,” Dr Forson explained.
According to the Finance Minister, the intervention forms part of broader efforts to restructure Ghana’s energy landscape, ensuring stable power supply and reducing the financial burden on the state.
The government remains determined to implement measures that will address inefficiencies and improve the long-term viability of the sector.
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