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President John Dramani Mahama began his first day back in office with high-profile engagements, holding discussions with World Bank directors, commonwealth for Bilateral and other global dignitaries to address key economic and development issues.
During a meeting with Ousmane Diagana, the World Bank Vice President responsible for West and Central Africa, President Mahama reflected on efforts during his previous tenure to reform the energy sector.
He mentioned that his administration had aimed to reduce debt and improve efficiency within the sector, but these initiatives were not completed due to the change in government.
He explained that his administration’s goal was to position Ghana as a leading producer of electricity in Africa and a major hub for electricity exports. However, he expressed disappointment that the succeeding NPP government did not continue these initiatives.
President Mahama emphasized that his government intends to revisit these energy sector reforms, stating that if the Electricity Company of Ghana is not fixed, it will continue to face significant challenges.
Mahama assured the World Bank director that his administration plans to privatize the final stage of electricity distribution to introduce private sector efficiency.
He also mentioned his intention to engage with the World Bank to seek expertise for this initiative, stating that during a recent visit to the USA, discussions with American stakeholders had indicated that their doors were not closed.
He emphasized the importance of pursuing collaborative measures to achieve these reforms.
