President John Dramani Mahama has expressed concern over the state of Ghana’s energy sector, emphasizing its high debt levels.
According to him, the sector is on the brink of collapse.
He noted that despite the Energy Sector Levy (ESLA) generating GH¢45 billion, the sector still faces a staggering GH¢70 billion in debt.
Delivering his first State of the Nation Address on February 27, 2025, President Mahama stated, “My administration inherited an energy sector on the brink of collapse. Despite collecting GH¢45 billion through the Energy Sector Levy (ESLA), the previous government left behind a GH¢70 billion debt in the energy sector.”
President Mahama’s address, delivered in accordance with Article 67 of the 1992 Constitution, is expected to outline his ambitious Resetting Ghana agenda, which focuses on tackling economic challenges, creating jobs, and restoring stability.
In his speech, the president is expected to highlight key policy objectives of his government.
He will also provide updates on the state of Ghana’s economy, including the ongoing IMF bailout program, security, and the cost of living, among other pressing issues.
Additionally, he will outline his administration’s deliverables for the year ahead, achievements so far, and the challenges that lie ahead.
SSD/MA
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