Fix IPP pricing, not just ECG, PUWU tells IMF, World Bank
The Public Utilities Workers Union (PUWU) has challenged the IMF and World Bank to broaden their focus on Ghana’s energy crisis beyond reforms at the Electricity Company of Ghana (ECG).
Public Utilities Workers Union (PUWU) has urged the IMF and World Bank to shift their attention from reforms at Electricity Company of Ghana (ECG) to addressing the pricing of Independent Power Producers (IPPs) in Ghana's energy sector. PUWU Deputy General Secretary Enoch Paul Hayes questioned the focus on ECG's cost reductions and generation contracts during a recent interview with Joy FM.
Hayes argued that the pricing of IPPs is a critical issue that demands attention, citing the ongoing financial challenges facing Ghana's energy sector. He pointed out that the IMF's estimation of a $1.1 billion shortfall by 2026 is a result of costly generation contracts, high distribution and collection losses, and legacy debts.
Hayes also expressed doubt about Ghana's reliance on external institutions to solve its energy crisis, citing the negative impact of similar interventions in Nigeria and Uganda. He emphasized the potential for Ghanaian institutions to take charge of the situation, citing the successful turnaround of the Tema Oil Refinery as an example.
Hayes also questioned the motives behind interventions proposed by Ghana's development partners, expressing skepticism about the true intentions behind these programs.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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