The government has earmarked GHS28 billion in the 2025 budget to address critical challenges in the energy sector.
Finance Minister Dr. Cassiel Ato Forson underscored the urgency of this intervention, pointing to the sector’s severe financial struggles.
Speaking on The Point of View on Channel One TV on Wednesday, March 12, he stated: “We have inherited an energy sector that is on its knees. An energy sector that is throwing out an annual shortfall of in excess of $2 billion every single year that the state must look for money and finance.
“In the 2025 budget, I have provisioned GHS28 billion to support the energy sector. If we had failed to do that, the energy sector by year-end would have seen difficulties, problems, and this is something we inherited,” Dr. Forson explained.
Debt-to-GDP drop due to NPP’s 37% Eurobond haircut – Ato Forson
