The outgoing Ghana’s President Nana Akufo-Addo says his administration inherited a crippling energy sector but managed to stabilise it and thereby kept the lights on during his eight-year tenure.
According to him, this has largely been done through tough negotiations with independent power producers (IPPs), prudent financial management, and targeted interventions.
“It is worth emphasising that I inherited a nation plagued by dumsor, but I am very happy to say that I leave office in 2025 with the lights on,” he said.
President Akufo-Addo, who was delivering his last State of the Nation Address in Parliament on Friday (3 January), stated that his government had also kept the energy sector legacy debt at $2.5 billion, the same level it inherited.
“Mr. Speaker, we got to work immediately. Through tough negotiations with IPPs, prudent financial management, and targeted interventions, we have been able to stabilise the sector, while keeping the lights on.
“I am pleased to report that we have kept the energy sector legacy debt at $2.5 billion, the same level we inherited, and have averted the US$12.5 billion debt scenario, despite the rising cost of energy production, and the global economic challenges that have unfolded during my tenure.”
“The energy sector has truly been transformed, and I am leaving office confident that the foundations we have laid will serve this nation well for generations to come,” he added.
Source: https://energynewsafrica.com
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