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BusinessGhana could lose power export market if Akufo-Addo’s directive to curtail power...

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Ghana could lose power export market if Akufo-Addo’s directive to curtail power continues – Nana Amoasi VII

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Executive Director for the Institute for Energy Security (IES), Nana Amoasi VII has warned of potential consequences as Ghana grapples with an energy crisis and President Akufo-Addo’s directive to limit power exports.

President Akufo-Addo recently directed the Volta River Authority (VRA) to prioritise domestic power needs over exports, a move aimed at mitigating the ongoing energy challenges.

Samuel Atta Akyea, Chairman of the Energy Committee of Parliament, revealed this during an interview with JoyNews.

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Atta Akyea stated that the President’s decision reflects a focus on national priorities over international profit generation.

However, industry experts doubt the effectiveness of this strategy without addressing underlying capacity deficits.

Nana Amoasi VII emphasised the continued shortfall in generation capacity, indicating that merely halting exports wouldn’t resolve the crisis.

“We were expecting that if we halt the export, it will solve the issue. No, we still have a deficit of 400 megawatts thereabout, so load shedding will continue,” said Nana Amoasi VII.

He cautioned that prolonged measures could jeopardise Ghana’s electricity export market.

“The negative ramification is that if the proposed solution is extended, we may end up losing the export market.”

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In response, SONABEL, Burkina Faso’s power distributor, seeks dialogue with Ghanaian officials to tackle mutual power supply concerns.

Ghana faces immediate challenges due to its government’s curtailment decision, impacting both domestic and international stakeholders.

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