The Institute for Energy Security (IES) has called on the government to focus on strengthening key energy sector institutions—namely the Volta River Authority (VRA), Bui Power Authority, Electricity Company of Ghana (ECG), and Northern Electricity Distribution Company (NEDCo)—instead of moving forward with plans to dismantle them.
This appeal comes in response to a draft bill that proposes significant changes to Ghana’s energy sector. The bill suggests merging the VRA with the Bui Power Authority, combining ECG with NEDCo, and establishing an independent Thermal Power Authority.
The staff groups at VRA have voiced their strong opposition to the proposed changes, arguing that the bill is not in the best interests of the nation and could have dire consequences for both the VRA and the broader Ghanaian public.
In a statement issued on Sunday, Nana Amoasi VII, Executive Director of IES, expressed concern over the proposed restructuring. “While the proposed merger and restructuring of Ghana’s power sector may have its proponents, we believe that the risks far outweigh the benefits in its current form,” the statement read.
He emphasized the importance of stabilizing and reinforcing the existing institutions rather than dismantling them. “We urge the government to reconsider the bill and work towards solutions that preserve Ghana’s energy security, affordability, and long-term sustainability,” the statement added.
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