Ghana’s energy sector has been plagued by financial instability for decades, after shifting from a hydro-dominant system to a thermal-heavy structure with high operational costs. This transition coupled with inefficient contracts, and electricity tariffs set below cost-recovery levels , has led to an unsustainable debt burden. Ghana's energy sector is financially unsustainable ( Energy Commission, 2019) . Tariffs are pricing structures which determines how much you pay for your electricity usage. Origins of the Energy Debt Crisis Before 1997 : A Stable Hydro-Based System Ghana relied primarily on hydropower from the Akosombo and Kpong Dams , which provided cheap and reliable electricity . Read about the history of the Ghanaian energy sector Electricity tariffs were low, yet the Volta River Authority (VRA) operated profitably because hydroelectricity had minimal costs. 1997–2011 : Growing Demand and the Shift to Thermal Power As Ghana’s economy expanded, electricity...
Exploring Energy: A blog dedicated to uncovering the challenges and opportunities within the global energy sector, with a focus on Ghana. Through deep dives into historical data and cutting-edge machine learning techniques, I analyze past trends and predict the future of energy production and sustainability. Join me as I uncover insights to inform decisions and drive innovation in addressing Ghana's energy challenges