Close this search box.

Ghana will achieve universal access to electricity by end of the year – Finance Minister

Dr Mohammed Anim Adam.

By Patience Bumbom 

The Finance Minister, Dr. Mohammed Amin Adam, says government is determined to achieve universal access to electricity by the year’s end, employing mini-grids and smaller power-generating systems to reach off-grid communities. Currently, the country has achieved 88.85% electrification.

Addressing a question as a panellist on strategies for achieving rapid energy access, Dr. Amin emphasised the necessity of intentional policies and programs to swiftly expand energy access.

He highlighted this as a crucial goal for the government, asserting that adequate measures have been implemented to ensure its realisation.

“Right from the 1990s, we were very intentional. The government decided that Ghana must achieve universal access to electricity, and so we put in relevant policies and a national electrification scheme. We put in rural electrification programme and we also put in a self-help electrification programme in which communities and the government shared the cost of electricity access.”

In response to another question regarding what actions to avoid, the minister stressed the importance of procuring electricity generation through competitive bidding.

He stressed the necessity to steer clear of procuring energy through unsolicited projects, which often proved to be excessively costly.

“It is important that when you are in crises, you do not acquire as many generating capacity as you would not need, because the tendency for investors to come knocking on your door and justify why you should acquire more is very high and you acquire it at a very high cost,” he added.

The panel discussion, a cornerstone event at the ongoing IMF/World Bank Spring Meetings, centered around the theme, “Energising Africa: What will it take to achieve universal energy access?”

With a focus on scaling up solutions and investments to connect millions more Africans to electricity, the discussion aimed to drive the transformation of African economies.

Joining the panel were esteemed figures such as Asay Banga, President of the World Bank, Dr. Akinwunmi Adesina, President of the African Development Bank, as well as Ministers of State, energy investors, and stakeholders from both government and private sectors.

The three-section dialogue tackled critical issues surrounding energy access in Africa, exploring strategies to overcome challenges and accelerate progress towards universal electrification.

More stories here

Leave a Reply

Your email address will not be published. Required fields are marked *