• 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 Economy

Nana Yaa Jantuah Calls for Full Audit of Energy Sector Debt Discrepancies

1 month ago
in Economy, Energy, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
62
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Nana Yaa Jantuah Calls for Full Audit of Energy Sector Debt Discrepancies

A senior official at the Presidency has called for an urgent and comprehensive audit of Ghana’s energy sector liabilities, as concerns mount over the sector’s mounting debt, fiscal opacity, and its growing strain on the national budget.

Speaking at a high-level policy dialogue on Ghana’s energy sector and economic transformation, Nana Yaa Jantuah, a Presidential Staffer and former Director of Public Relations and External Affairs at the Public Utilities Regulatory Commission (PURC), questioned the consistency and credibility of official data on energy sector indebtedness.

“Today, we have $1.3 billion. Tomorrow, we have $3 billion. Who is not doing their accounting very well?” Ms Jantuah queried. “It is imperative that we go back into the books and interrogate what the actual figures are.”

Her comments come as legacy energy sector debt, compounded by persistent revenue shortfalls, forex volatility, and regulatory inefficiencies, continues to undermine the financial sustainability of power utilities such as ECG.

Ms Jantuah, who described electricity as “the nerve of the economy”, warned that the inability to address revenue collection inefficiencies and enforce compliance with regulatory key performance indicators (KPIs) risks collapsing the power distribution chain — from ECG and NEDCo to bulk suppliers and independent power producers (IPPs).

Citing industry practices, she lamented chronic shortfalls in tariff collection and rising system losses that regularly exceed approved regulatory benchmarks. “There is a loss benchmark built into the tariff, which is 21%, but ECG always goes overboard,” she said. “If the utilities don’t collect, the sector collapses.”

RelatedPosts

Prof. Bokpin Faults Ghana’s Budget Framework for Rewarding SOE Underperformance

Ghana Becomes Dangote Refinery’s Latest Crude Source as Refinery Hits 70% Capacity

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana’s GDP in 2024

She also acknowledged structural difficulties in certain geographies that make collections challenging, but maintained that utilities must still be held accountable. “Sometimes it’s not about bad payers. It’s about a lack of diligence to collect,” she stressed.

On the matter of subsidies, Ms Jantuah welcomed recent efforts by the Energy Ministry to avoid ad hoc subsidies that previously distorted utility finances. “I am glad that in the last two tariff cycles, the minister hasn’t asked for subsidies to override PURC tariffs,” she said.

Her remarks also revisited the role of the Energy Sector Levies Act (ESLA), originally established to resolve legacy debts. Ms Jantuah argued that political interference had undermined the law’s intent. “We need to take the politics out. ESLA was meant to deal with legacy debt, but it ended up being used for something else,” she noted.

With energy sector debt consuming as much as 2% of Ghana’s GDP, Ms Jantuah concluded by advocating for deeper fiscal discipline, robust regulatory enforcement, and depoliticisation of utility oversight.

“The time has come for us to get to the fundamentals, interrogate the debt, and put in place real regulatory KPIs,” she said. “If we do not, the sector will remain a drag on economic transformation no matter how many hours the lights stay on.”

Tags: Energy Sector Debt DiscrepanciesNana Yaa JantuahNana Yaa Jantuah Calls for Full Audit of Energy Sector Debt Discrepancies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

JVCs Post GHS1.51bn Profit, Assets Rise 39.9% in 2024 – SIGA Report

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

Wall Street Forecasts Oil in the $50s Next Year

Ghana 5th in Africa for IMF Outstanding Debt in August 2025

Joe Jackson Warns BoG’s 10% NPL Target Could Squeeze SME Lending

SOEs Record 28.3% Revenue Growth But Post GHS 9.67bn Net Loss in 2024 – SIGA Report 

Trending

Features

Prof. Bokpin Faults Ghana’s Budget Framework for Rewarding SOE Underperformance

September 1, 2025

Prof. Bokpin Faults Ghana’s Budget Framework for Rewarding SOE Underperformance Professor of Finance and Economics at the...

Ghana Becomes Dangote Refinery’s Latest Crude Source as Refinery Hits 70% Capacity

September 1, 2025

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana’s GDP in 2024

September 1, 2025

JVCs Post GHS1.51bn Profit, Assets Rise 39.9% in 2024 – SIGA Report

September 1, 2025

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

September 1, 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.