Energy sector in crisis: ASEC warns of mounting debt, calls for urgent reforms

The African Center for Energy Policy (ACEP) has issued a stark warning regarding the Ghanaian energy sector, highlighting an escalating debt crisis that threatens its stability. According to ACEP, the nation's energy companies are grappling with severe financial challenges, prompting calls for immediate reforms to avert further deterioration. The organization emphasizes that the rising debt levels could hinder investments and compromise the quality of energy services provided to consumers.

In a recent report, ACEP underscored how inefficient management and operational inefficiencies contribute significantly to this financial strain. The center advocates for a comprehensive policy overhaul aimed at enhancing transparency and accountability within the sector. Additionally, ACEP stresses the need for innovative solutions to restructure existing debts while fostering a more sustainable framework for energy production and distribution.

As stakeholders in Ghana’s energy landscape face these mounting pressures, ACEP's findings serve as a crucial reminder of the urgent need for action to ensure both economic viability and reliable energy supply in the country.