By 2020, Ghana will have probably exported power to neighboring countries.
According to Boakye Agyarko, Energy Minister, it will happen when all current reforms in the energy sector are finished. The official shared this information on Tuesday, May 16, during his speech at the National Policy Summit 2017 that took place in Accra.
As YEN informs, the Minister declared that Ghana might generate excess energy capacity of 1,700 megawatts because of numerous working power plants. Moreover, Boakye Agyarko confessed that the proceeds from the surplus power sale would be invested in other vital sectors of the country`s economy.
Currently, Ghana’s total power capacity is distributed between commercial places and households. Now it equals 4,275 megawatts. It is 11,000 megawatts short of the predictable supply of 16,400 to 17,360 GWh.
Statistics says that since 2010, Ghana’s yearly electricity use per capita has been below 400 kWh, while the global minimum average is over 500 kWh.
In 2013-2014, Ghana had a slight boost from 398 to 408 kWh per capita. It is the period of the severest power crisis, which is known as dumsor.
Plenty of foreign and local companies, which had no backup systems at that time, suffered very much throughout the time of power outages. The Institute of Statistical Social and Economic Research has disclosed the following data: it is almost 20% of the 350 small to medium-scale companies.
Therefore, the government had to sign over 42 power contracts to guarantee a consistent and unwavering energy supply in Ghana.
Moreover, the ex-President of the country John Mahama signed the Millennium Challenge Corporation Agreement with the USA government to force reforms at the Electricity Company of Ghana.
The present government also revised this Agreement to abolish paragraphs that might lead to unemployment at the Electricity Company of Ghana.
The Minister Agyarko repeated government’s promise to recover energy supply in the country by modernizing the Electricity Company of Ghana. He emphasized once again that when all existing reforms in the energy sector are being done, Ghana will have probably exported power to neighboring countries by the beginning of 2020.