Mahama promises reliable power system to support 24-hour economy policy
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has pledged to deliver a reliable and efficient power system to underpin his proposed 24-hour economy policy if elected.
This policy aims to foster an environment where businesses and services remain accessible to consumers around the clock, driving economic growth and enhancing productivity.
Speaking to energy sector stakeholders in Accra, Mahama reaffirmed his commitment to expanding clean energy as part of a broader energy transition agenda.
He emphasized that his administration would systematically align power generation with forecasted demand and address reserve requirements to ensure a stable, uninterrupted power supply.
Mahama also committed to increasing the share of clean energy in the country’s power generation mix to 10% through a combination of fiscal and regulatory incentives.
Additionally, he promised to implement a time-of-use tariff system, designed to offer businesses affordable and stable power, enabling them to operate continuously throughout the day and night.
The former president also vowed to manage ESLA (Energy Sector Levies Act) revenues transparently and to strictly adhere to the cash waterfall mechanism, ensuring accountability in the energy sector.
Mahama further committed to reducing technical and commercial losses in the energy system, partnering with local entrepreneurs to enhance efficiency and reliability.
He said, “We will systematically match generation with forecasted demand and address reserve requirements. The new administration will increase clean energy consumption in line with our energy transition agenda and provide the necessary fiscal and regulatory incentives to attain a 10% share of non-hydro renewable energy in our generation mix.
“Other key interventions would include the implementation of a time of use time to provide affordable and stable electric power for businesses to operate around the clock.”
“Another would be to transparently manage the ESLA revenues and strictly adhere to the principles of the cash waterfall mechanism, significantly reduce technical distribution and commercial losses in the energy sector, in partnership with local entrepreneurs to make budgetary provision for payment of power consumed by government agencies and ensure prompt releases of that revenue.”
