The Institute for Energy Security (IES) is advocating for the strengthening of key state-owned energy institutions, rather than their dismantling, as proposed in a draft bill.
The bill suggests merging the Volta River Authority (VRA) with Bui Power Authority, combining Electricity Company of Ghana (ECG) with Northern Electricity Distribution Company (NEDCo), and establishing an independent Thermal Power Authority.
However, the Staff Groups of the VRA have expressed strong opposition to the proposed bill, arguing that it is not in the best interest of Ghanaians and could have severe consequences for the VRA and the nation.
Nana Amoasi VII, Executive Director of IES, stated that while the proposed merger and restructuring may have its supporters, the risks outweigh the benefits in its current form.
Instead, the focus should be on stabilizing and strengthening existing institutions, such as the VRA, Bui Power Authority, ECG, and NEDCo.
The IES is urging the government to reconsider the bill and work towards solutions that prioritize Ghana’s energy security, affordability, and long-term sustainability.
This approach would ensure that the country’s energy sector remains stable and effective in meeting the needs of its citizens.
The IES’s position emphasizes the importance of preserving and enhancing the capabilities of existing energy institutions, rather than dismantling them.
This would allow Ghana to maintain a robust and reliable energy sector, supporting the country’s economic growth and development.
