Ghana will be attractive to investors who want to build industries just like India, Malaysia and China if the country produces cheap and affordable electricity.
This is according to Wisdom Ahiataku-Togobo, Director at the Bui Power Authority (BPA).
The cost of electricity in Ghana appears high and many businesses see it as a disincentive.
Making a presentation on behalf of Samuel Kofi Dzamesi, Chief Executive Officer of Bui Power Authority (BPA) at the Ghana Economic Forum last week, the Director said, “I believe strongly that with the appropriate electricity tariff structure and investment in the least cost electricity production options such as nuclear demand for electricity could increase significantly to support job creation and stimulate economic growth.”
According to him, renewable energy sources such as solar, wind and biomass would also play a role in the short to medium long-term particularly when it comes to ensuring access to electricity in the off-grid communities.
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