{"id":67923,"date":"2024-03-02T16:44:40","date_gmt":"2024-03-02T16:44:40","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=67923"},"modified":"2024-03-02T15:47:47","modified_gmt":"2024-03-02T15:47:47","slug":"power-sector-may-collapse-if-care-isnt-taken-ies-boss-warns","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/power-sector-may-collapse-if-care-isnt-taken-ies-boss-warns","title":{"rendered":"Power sector may collapse if care isn\u2019t taken \u2013 IES Boss warns"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has admonished government to pay particular attention to the country\u2019s power sector or risk collapse due to increasing debts in the sector.<\/b><\/p>\n

Nana Amoasi stated that the power sector debt alone, without the petroleum aspect, is hovering around over US$2 billion.<\/p>\n

\u201cFor the power sector alone, if we should add the Forex losses, the idle capacity charges, and the fuel supply that has not been paid to the invoices raised for power sales to governments, it is over 2 billion dollars. Just for the power sector, we\u2019ve not touched on the petroleum segments of the sector,\u201d he told Alfred Ocansey on Ghana Tonight yesterday, [February 29].<\/p>\n

\u201cSo, we should be very careful with the way we\u2019re handling the sector, one day it may collapse in our face,\u201d he advised.<\/p>\n

Nana Amoasi further indicated that the issue can partly be blamed on the government\u2019s mismanagement of monies accrued from the energy sector debt recovery under the Energy Sector Levy Act (ESLA).<\/p>\n

\u201cWe shouldn\u2019t be seeing \u2018dumsor\u2019 [erratic power outages] by now because of the kind of investment that was made in the sector by the previous government. It ensured that we don\u2019t have any questions or issues about our capacity to generate.<\/p>\n

\u201cWhat was left was financing the fuel supply and by that, they also sought to clear the debts in the energy sector introducing ESLA in December 2015. ESLA was expected to generate 650 million dollars a year so in a space of five years, that legacy debt that sat in our chest of almost 2.7 million should have been cleared…but we sat aloof, we mishandled the ESLA and we still have the energy sector debt going up, \u201d Nana Amoasi added.<\/p>\n

Over the past two to three weeks, residents in several parts of the country have complained about frequent erratic power supply.<\/p>\n

The minority in parliament has since charged the government to release a load-shedding timetable and come clean on the power situation in the country.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has admonished government to pay particular attention to the country\u2019s power sector or risk collapse due to increasing debts in the sector. Nana Amoasi stated that the power sector debt alone, without the petroleum aspect, is hovering around over […]<\/p>\n","protected":false},"author":84,"featured_media":67922,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-67923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nPower sector may collapse if care isn\u2019t taken \u2013 IES Boss warns - Ghana<\/title>\n<meta name=\"description\" content=\"The Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has admonished government to pay ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/power-sector-may-collapse-if-care-isnt-taken-ies-boss-warns\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Power sector may collapse if care isn\u2019t taken \u2013 IES Boss warns\" \/>\n<meta property=\"og:description\" content=\"The Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has admonished government to pay ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/power-sector-may-collapse-if-care-isnt-taken-ies-boss-warns\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-02T16:44:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1709381710.80519.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/power-sector-may-collapse-if-care-isnt-taken-ies-boss-warns#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/power-sector-may-collapse-if-care-isnt-taken-ies-boss-warns\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Power sector may collapse if care isn\u2019t taken \u2013 IES Boss warns\",\"datePublished\":\"2024-03-02T16:44:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/power-sector-may-collapse-if-care-isnt-taken-ies-boss-warns\"},\"wordCount\":365,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/power-sector-may-collapse-if-care-isnt-taken-ies-boss-warns#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1709381710.80519.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/power-sector-may-collapse-if-care-isnt-taken-ies-boss-warns#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/power-sector-may-collapse-if-care-isnt-taken-ies-boss-warns\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/power-sector-may-collapse-if-care-isnt-taken-ies-boss-warns\",\"name\":\"Power sector may collapse if care isn\u2019t taken \u2013 IES Boss warns - 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