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.
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