Energy sector debt remains biggest threat to Ghana’s economy – Minority

The Minority Leader in Parliament, Dr Cassiel Ato Forson, has stated that the debt in the energy sector poses the greatest risk to the nation’s economy.

“The reality, Mr Speaker, is that this crippling indebtedness and the mess in the power sector, created by the Akufo Addo/Bawumia government, remains the biggest threat to the Ghanaian economy, ” he said while addressing the State of the Nation Address (SONA) in parliament on Monday.

Dr Forson observed that the substantial, dedicated revenues from the Energy Sector Levies Act (ESLA), which were left by President John Mahama to settle all the legacy debts in the energy sector, had been squandered by the current administration.

“This Akufo-Addo/Bawumia NPP government owes in excess of $1.5 billion to Independent Power Producers (IPPs),” he added.

“The Akufo-Addo/Bawumia government has resorted to a fire-fighting strategy, deliberately kicking the can down the road for the next NDC government to inherit its huge indebtedness to the IPPs,” he stated.

Read the Minority Leader’s speech here

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