Ghana’s energy sector poses ‘greatest risk’ to economy – IMF

Energy Sector Requires Urgent Reform; Govt to Submit LI Around Competitive Procurement – Finance Minister

The Minister of Finance, Cassiel Ato Forson, has bemoaned inefficiencies in Ghana’s energy sector that has affected the country’s debt sustainability efforts. According to him, the energy sector currently poses the biggest risk to the economy burdened with a financial shortfall of approximately US$2 billion, surpassing domestic capital expenditure in the West African nation. He […]

Africa needs home grown solutions to close energy infrastructure gap - African Energy Chamber

The African En­ergy Chamber is advocating home grown solutions to deal with energy in­frastructure gap among African countries, which is estimated to be $20 billion annually. According to the chamber, Ghana and other oil producing nations on the continent need­ed to invest heavily into the sector to avoid an energy curse. Executive Chairman of African Energy Chamber, NJ Ayuk, spoke to Journalists after hosting the investor briefing for stakehold…

Ghana’s energy sector poses ‘greatest risk’ to economy – IMF

The International Monetary Fund (IMF) has endorsed the Finance Minister’s assessment that inefficiencies within Ghana’s energy sector pose the greatest threat to the country’s economic stability. IMF Mission Chief for Ghana, Stéphane Roudet, reaffirmed the Fund’s longstanding concerns about the sector’s financial shortcomings, emphasizing that energy sector reforms remain a cornerstone of Ghana’s IMF-supported program. […] The post Ghana’s energ…

Report reveals impact of fossil fuel investments on energy governance in Ghana - Ghana Business News

A new report jointly released by ActionAid Ghana and the Centre for Research on Multinational Corporations (SOMO) has shed light on the substantial financial burden placed on Ghana by fossil fuel investments and energy policies largely influenced by foreign interests. Titled “Gaslighting Ghana,” the report critiques the role of multilateral institutions, particularly the World Bank, in shaping the country’s energy sector through public-private p…

IMF Endorses Ghana’s Reform Progress with $370 Million Disbursement Approval

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/imf-endorses-ghanas-reform-progress-with-370-million-disbursement-approval/The International Monetary Fund (IMF) has reaffirmed its support for Ghana’s economic stabilization efforts, praising the government’s adherence to a reform program designed to restore fiscal credibility and growth. The endorsement follows a staff-level agreement on the fourth revi…