IMF-backed reforms must tackle Ghana’s long-running energy crisis – Prof. Bokpin warns
Economist and Professor of Finance, Prof. Godfred Bokpin, has called for greater transparency, broader consultation and a clearly defined role for private-sector participation in Ghana’s electricity distribution sector.
Professor Godfred Bokpin, an economist and finance professor, has criticized Ghana's energy sector, stating that despite the IMF-backed reforms, the persistent weaknesses within the sector continue to pose a significant threat to the country's fiscal stability. He emphasized the need for greater transparency, broader consultation, and a clearly defined role for private-sector participation in Ghana's electricity distribution sector.
While acknowledging that the IMF program has contributed to greater transparency and improved the operation of mechanisms designed to ensure revenue distribution, Bokpin warned that the financial burden of the energy sector remains extremely significant, urging policymakers to allocate limited funds to other critical areas.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
