{
  "id": 6381356,
  "title": "Ghana can fix its energy sector without IMF, World Bank – PUWU",
  "url": "https://urgent.news/2026/09/09/ghana-can-fix-its-energy-sector-without-imf-world-bank-puwu",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-09T02:44:00.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/ghana-can-fix-its-energy-sector-without-imf-world-bank-puwu/"
  },
  "original_language": "en",
  "account": "The Public Utilities Workers Union (PUWU) asserts Ghana possesses the capability to address its energy sector issues independently, without significant reliance on the International Monetary Fund (IMF) or the World Bank. Enoch Paul Hayes, Deputy General Secretary of PUWU, emphasized during an interview on Joy FM’s PM Express that the focus should be on tackling internal structural problems within the power sector, primarily the financial aspects of power generation and current contracts with Independent Power Producers (IPPs). He questioned the attention given to the pricing of IPP-supplied power, suggesting it should be a priority. Hayes pointed out that the generation process, particularly the pricing of IPP-supplied electricity, is not receiving adequate consideration. The IMF anticipates a financing gap of around US$1.1 billion for Ghana's energy sector by 2026, primarily caused by high collection and distribution losses and expensive generation contracts. The IMF also supports ongoing adjustments to electricity tariffs and a greater role for the private sector in distribution. The World Bank warns that a delay in reforms could jeopardize recent progress in Ghana's debt sustainability and macroeconomic stability. However, Hayes believes Ghana should be more confident in its ability to resolve its own challenges, referencing the success of other African countries and the improvement of the Tema Oil Refinery (TOR) as evidence. He also noted that Organised Labour and the Trades Union Congress (TUC) have already submitted proposals to the government addressing the energy crisis. Hayes questioned the World Bank's stance on the Electricity Company of Ghana (ECG), particularly following its recent financial improvements. ECG reported a significant increase in revenue to GH¢22.1 billion and a reduction in its after-tax loss from GH¢8.26 billion to GH¢2.52 billion in 2025. Despite these improvements, challenges persist. Hayes argues for Ghana to pursue domestic solutions instead of relying solely on external institutions.",
  "summary": "The Public Utilities Workers Union (PUWU) says Ghana has the capacity to resolve its energy sector challenges without relying heavily on the International Monetary Fund (IMF) and the World Bank.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Ghana can fix its energy sector without IMF, World Bank – PUWU",
        "url": "https://urgent.news/2026/09/09/ghana-can-fix-its-energy-sector-without-imf-world-bank-puwu-6382037",
        "published": "2026-09-09T02:44:00.000Z"
      },
      {
        "outlet": "Ghanaian Times",
        "title": "Turn strong recovery into quality jobs, lasting growth – World Bank",
        "url": "https://urgent.news/2026/09/09/turn-strong-recovery-into-quality-jobs-lasting-growth-world-bank",
        "published": "2026-09-09T07:37:38.000Z"
      },
      {
        "outlet": "Gulf News",
        "title": "DP World, GulfCap advance 222-hectare Mombasa industrial park with 20,000 jobs expected",
        "url": "https://urgent.news/2026/09/09/dp-world-gulfcap-advance-222-hectare-mombasa-industrial-park-with-20",
        "published": "2026-09-09T07:52:55.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}