Ghana's Energy Sector Policies, Analysis With Facts And Future Projection With Machine Learning

Ghana's energy sector is not financially sustainable and hence various schemes have been put in place to balance cost of generation and revenue collection.  Read about the rise of Ghana's energy sector debt In May 2023, Ghana entered into a $3 billion Extended Credit Facility (ECF) arrangement with the International Monetary Fund (IMF ) to address fiscal challenges and stabilize the economy. A key component of this agreement was the implementation of cost-reflective electricity tariffs, with adjustments scheduled every three months to ensure the financial sustainability of the energy sector. These quarterly reviews, conducted by the Public Utilities Regulatory Commission (PURC), aim to align tariffs with prevailing economic indicators such as exchange rates, inflation, and fuel costs.  Quarterly Electricity Tariff Adjustments (2023–2025) Read about the role of tariffs and subsidies on electricity generation and revenue . The table below outlines the quarterly electricity tari...

  Ghana is facing a major scandal involving the Electricity Company of Ghana (ECG) after revelations that 1,357 containers filled with electrical materials vanished under mysterious circumstances at Tema Port. These containers, part of a larger consignment intended to support the country’s power infrastructure, were left unaccounted for, raising concerns over procurement mismanagement, corruption, and port security failures. The situation has sparked nationwide outrage, as the loss of critical electrical components could further strain the already challenged power sector , delaying key projects and increasing financial burdens on ECG and the government. Breakdown of Missing Containers According to an investigative audit , ECG imported 2,491 containers of electrical equipment over a period of time. However, an official review found that only 1,134 containers could be accounted for, leaving 1,357 containers missing . The magnitude of this loss raises key questions: Were t...