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The Africa Centre for Energy Policy says Ghanas poorly run energy sector poses a major threat to the countrys economic stability.
In the report - Switching Gears: Protecting Ghanas Economic Sustainability in the Face of Power Sector Risks - the Centre calls for "a seismic shift in the governance of the sector."
"The power sector is heavy on the agenda of the IMF to redirect Ghana to the path of fiscal sustainability.
"To that extent, the Fund is hopeful that the $3 billion Extended Credit Facility (ECF) and the accompanying fiscal consolidation pledges of the government will deliver for the power sector what the government and other multilateral agencies, including the World Bank, the African Development Bank and other development partners, particularly the US government, have been unsuccessful to deliver for the past decade." |
