Finance Minister Dr. Cassiel Ato Forson has announced a series of interventions to address challenges in Ghana’s energy sector, including reducing financial shortfalls.
Presenting the 2025 Budget Statement in Parliament on March 11, he outlined key measures under the government’s Energy Sector Recovery Programme.
He stated that the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCo) would implement strategies such as improved metering systems and private sector participation to enhance revenue collection.
Additionally, the government plans to increase the supply of natural gas (N-Gas) from 60 million standard cubic feet per day to 100 million, enabling the country to benefit from cheaper gas prices through a Liquid Fuel-to-Gas Swap initiative.
“ECG and NEDCo will implement a number of measures, including metering and a Private Sector Participation (PSP) strategy to improve collection efficiency. We will also implement the Liquid Fuel-to-Gas Swap by increasing N-Gas supply from 60 mmsc per day to 100 mmsc to take advantage of cheaper gas prices,” Dr. Forson stated.
He also revealed that negotiations with Independent Power Producers (IPPs) are being finalized to lower fixed capacity and operational charges, generating cost savings for the sector.
“These interventions are essential to improving efficiency and ensuring a more sustainable energy sector,” he emphasized.
The Minister assured Parliament that the government remains committed to stabilizing the energy sector and reducing its financial burden on the economy.
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