President John Dramani Mahama has announced that reforms are currently underway in the energy sector aimed at reducing electricity costs and boosting Ghana’s industrial competitiveness.
Speaking at a residential dialogue with the private sector at the Kempinski Hotel on Monday, February 23, 2026, he stated that industrial growth cannot thrive while power prices remain structurally high.
“Across every sub-sector represented here tonight, one constraint dominates: that is the cost of energy and reliability of power,” he said.
President Mahama emphasised that industrial growth cannot prosper in an environment of high power costs.
“Industrial tariffs in Ghana remain uncompetitive relative to our regional peers; no industrial nation thrives under structurally high costs of power,” he asserted.
Furthermore, he stressed that the government intends to strengthen the energy sector through structural reforms, particularly focusing on renewable sources.
“This administration will accelerate energy sector depth restructuring, expand generation capacity particularly in renewables, introduce differentiated off-peak industrial tariffs, improve transmission efficiency, and promote embedded generation in industrial enclaves,” he noted.
Source: Bertina Ofosu
