Energy Ministry seeks GH₵1bn with 2.6 days of fuel left

The Ministry of Energy and Green Transition needs GH₵1.1 billion urgently. This money is for purchasing liquid fuel for power generation. They warn that current fuel reserves will last only 2.6 days.

This funding shortfall occurs amid a GH₵2 billion monthly deficit in the energy sector. The Electricity Company of Ghana (ECG) struggles to collect enough revenue, which is a major issue.

During a meeting with the Parliamentary Energy Committee on May 15, Minister John Jinapor expressed concern about the fuel supply situation. He stated, “The fuel we have will last us just 2.6 days.” Although more fuel has been ordered, payment is required first.

Some fuel has been procured on credit. The Ministry of Finance is involved in coordinating payments but faces its own challenges.

Jinapor mentioned that discussions at the Cabinet level will explore sustainable solutions. These may include private sector involvement in ECG operations to boost efficiency and revenue collection.

Additionally, he highlighted ongoing non-payment issues by public institutions. For instance, Ghana Water Limited has not paid its electricity bills for seven months while still consuming power.

This situation raises concerns about financial sustainability and accountability in the power sector. Both government agencies and private consumers are struggling to meet payment obligations, threatening nationwide electricity stability.