The National Democratic Congress (NDC) presidential candidate, John Dramani Mahama, has pledged to create a robust and reliable power infrastructure to underpin his proposed 24-hour economy policy if elected.
This initiative aims to foster a business-friendly environment where services and operations are available around the clock, driving economic growth and enhancing productivity.
Addressing energy sector stakeholders in Accra, Mahama reiterated his commitment to advancing clean energy as part of a broader energy transition strategy.
He assured that his administration would focus on expanding clean energy sources and ensuring that power generation aligns with anticipated demand while meeting reserve requirements for a stable and uninterrupted power supply.
Mahama also promised to increase the proportion of clean energy in the national power mix to 10%. This goal will be supported by fiscal and regulatory incentives designed to promote non-hydro renewable energy sources.
Additionally, he proposed implementing a time-of-use tariff system, which would offer businesses reliable and affordable power for round-the-clock operations.
Mahama committed to transparent management of revenues from the Energy Sector Levies Act (ESLA) and strict adherence to the cash waterfall mechanism to ensure accountability in the energy sector. He also pledged to collaborate with local entrepreneurs to minimize technical and commercial losses in the energy system, aiming to boost overall efficiency and reliability.
“We will systematically align power generation with forecasted demand and address reserve requirements. My administration will increase clean energy consumption in line with our energy transition agenda and provide the necessary fiscal and regulatory incentives to reach a 10% share of non-hydro renewable energy in our generation mix,” Mahama stated.
“Other key interventions will include implementing a time-of-use tariff system to offer affordable and stable power for businesses to operate around the clock,” he added.