The Minister of Finance, Mr. Ken Ofori-Atta, has disclosed a whooping GHS4.7bn government investment into the country’s energy sector to ensure lights are kept on for both domestic and commercial purposes.
In his mid-year budget review on Thursday, 23rd July 2020, he noted that government has already paid the energy sector debts left by the Mahama administration as a result of some “questionable” power contracts which the previous government signed with some private power producers.
“We have spent in excess of GHS4.7 billion on capacity payment to ensure that we keep the lights on and also to pay for power we do not use under various questionable contractual obligations we inherited,” he said.
Adding that, “We have spent in excess of GHS4.7 billion on capacity payment to ensure that we keep the lights on and also to pay for power we do not use under various questionable contractual obligations we inherited.”
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