• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Energy

ASEPA boss doubts Energy Minister’s ability to fix energy issues

4 years ago
in Energy, highlights, Home, home-news, latest News
1 min read
0 0
0
93
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Executive director of the Alliance for Social Equity and Public Accountability (ASEPA), Mensah Thompson, has cast doubt over the Energy Minister’s capability to solve the many issues confronting the energy sector.

Speaking on Accra-based Asaase Radio on Tuesday, May 18, about the current power crisis Mr Thompson opined that the Energy Minister Mathew Opoku-Prempeh cannot solve the problems bedevilling the energy sector asserting he will rather ‘mess up’ the sector.

“No amount of encouragement can help the Energy Minister, he cannot solve the problem in the energy sector, no amount of encouragement can help him. He will rather “mess up” the sector,” he stated.

Speaking about the energy sector under the theme “Delivering Reliable and Affordable Power” at a press briefing organised by the Ministry of Information on Sunday, May 16, Dr Opoku-Prempeh averred the incumbent government has saved Ghana some $2.7 billion in unnecessary expenditure in the power sector alone since 2019.

The Minister’s assertion was with respect to the 46-plus Power Purchase Agreements (PPAs) signed by the previous government with Independent Power Producers (IPPs), which the current government has managed to get some of them deferred.

According to the Minister, the savings made by deferring agreements with Early Power, Jacobsen Power Ltd and Rotan are significant, and set the tone for a more sustainable energy sector financial management framework.

“We have made savings on deferment of three PPAs amounting to $1.426 billion since 2019. Each deferred agreement was worth $475.5 million,” the Minister stated.

RelatedPosts

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

But reacting to the assertion made by the Energy Minister, Mr Thompson noted such comments by the Energy Minister would not help solve the current power crisis.

“When I hear of such arguments I get angry, why are you telling us that you have signed an agreement and purchased power we don’t use. We have excess capacity but we are sleeping in darkness,” he noted.

The ‘Take or Pay’ clauses in PPAs signed between government and IPPs is costing government $500 million every year and adding to costs in the energy sector.

According to energy think tank, Institute for Energy Policies and Research (INSTEPR), debts in the energy sector is projected to reach $12.5 billion by 2023.

Source: norvanreports
Tags: Alliance for Social Equity and Public Accountability (ASEPA)Energy Minister Mathew Opoku-PrempehMensah Thompson
No Result
View All Result

Highlights

BoG Designates Digital Credit Services as Non-Bank Financial Service

Finance Minister Urges Fairer Global Framework as Africa’s Debt Burden Hits $1.3 Trillion 

UK Pledges Support as Ghana Faces GIABA Assessment Amid Gold Sector Scrutiny

BOST Holds 2025 AGM, Tasked to Deliver Profitability and Support Green Transition

Brussels Airlines Adds 5 More A320neo Aircraft to its Fleet

Bog Governor Hints at $4bn Inflows From COCOBOD Financing Deal to Support Cedi

Trending

Business

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns

August 29, 2025

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns Ghana Link Network Services Ltd,...

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

August 29, 2025

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

August 29, 2025
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama,

BoG Designates Digital Credit Services as Non-Bank Financial Service

August 29, 2025

Finance Minister Urges Fairer Global Framework as Africa’s Debt Burden Hits $1.3 Trillion 

August 29, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.