Private sector key to averting energy sector collapse – John Jinapor

Energy Minister John Jinapor has warned that Ghana’s energy sector is on the brink of collapse due to mounting debt and inefficiencies.

Speaking at the National Economic Dialogue, he revealed that outstanding liabilities have hit GH₵80 billion, with a monthly shortfall of $70 million in the power sector.

He criticized ECG for exceeding its 2023 capital expenditure cap by $500 million, worsening financial gaps. Jinapor emphasized private sector participation as crucial for stability, warning that without it, the sector could fail.

He also called for an urgent shift to gas for power generation, arguing that it would cut costs, reduce corruption, and improve efficiency. Without these reforms, he cautioned, Ghana's energy sector faces imminent collapse.