The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has promised to establish a reliable and efficient power system to support his proposed 24-hour economy policy if elected president.
This policy seeks to create a business environment where services and operations run continuously, fostering economic growth and enhancing productivity across sectors.
Speaking at an event with energy stakeholders in Accra, Mahama reaffirmed his commitment to expanding clean energy as part of a broader energy transition strategy.
He pledged that his administration would prioritize ensuring power generation meets the country’s projected demand while addressing reserve requirements to maintain a stable and uninterrupted power supply.
Mr Mahama also outlined plans to increase the share of clean energy in the national power generation mix to 10%.
He promised to introduce fiscal and regulatory incentives aimed at promoting non-hydro renewable energy sources to achieve this target.
Additionally, he committed to implementing a time-of-use tariff system, which would offer businesses affordable and reliable power to sustain round-the-clock operations.
Mr Mahama further vowed to ensure the transparent management of revenues from the Energy Sector Levies Act (ESLA) and uphold the cash waterfall mechanism for accountability in the energy sector.
Lastly, the former president also pledged to collaborate with local entrepreneurs to reduce technical and commercial losses in the energy system, thereby improving efficiency and ensuring greater reliability in power supply across the nation.
"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.
Latest Stories
-
Securities industry: Assets under management estimated at GH¢81.7bn in quarter 3, 2024
2 mins -
Gold Fields Ghana Foundation challenges graduates to maximise benefits of community apprenticeship programme
2 hours -
GBC accuses Deputy Information Minister Sylvester Tetteh of demolishing its bungalow illegally
2 hours -
Boost for education as government commissions 80 projects
2 hours -
NAPO commissions library to honour Atta-Mills’ memory
2 hours -
OmniBSIC Bank champions health and wellness with thriving community walk
2 hours -
Kora Wearables unveils Neo: The Ultimate Smartwatch for Ghana’s tech-savvy and health-conscious users
2 hours -
NDC supports Dampare’s ‘no guns at polling stations’ directive
2 hours -
Police officer interdicted after video of assault goes viral
3 hours -
KNUST’s Prof. Reginald Annan named first African recipient of World Cancer Research Fund
3 hours -
George Twum-Barimah-Adu pledges inclusive cabinet with Minority and Majority leaders
3 hours -
Labourer jailed 5 years for inflicting cutlass wounds on businessman
3 hours -
Parliament urged to fast-track passage of Road Traffic Amendment Bill
3 hours -
Mr Daniel Kofi Asante aka Electrician
3 hours -
Minerals Commission, Solidaridad unveils forum to tackle child labour in mining sector
3 hours