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World Bank praises gov’t for tackling energy sector problems

The World Bank Managing Director of Operations, Anna Bjerde, along with the Ghana Country Director, Pierre Laporte, and their team, has held discussions with the government on the energy sector and the challenges it is currently facing.

During the meeting, the government showcased its commitment to tackling the challenges in the energy sector, with a particular focus on developing a long-term strategy.

Commendation

The World Bank team praised the government for the various positive decisions it has made in confronting these challenges head-on.

The team also expressed its willingness to support the government in its efforts to address the problems.

The energy sector in Ghana has been facing numerous challenges, including power outages and inadequate infrastructure. These issues have had significant implications for businesses and households, leading to decreased productivity and increased costs.

However, with the government’s proactive approach and support from international partners like the World Bank, there is hope for a brighter future.

The Energy Minister, Matthew Opoku Prempeh, and his team discussed the ongoing initiatives and projects aimed at improving the energy sector. They highlighted the importance of diversifying the energy mix by investing in renewable sources, such as solar and wind power.

Additionally, they emphasized the need for improving transmission and distribution networks to ensure a stable and reliable energy supply.

The meeting also addressed the financial aspect of the energy sector. The Minister of State at the Finance Ministry, Dr Amin Adams Antah, shared insights into the government’s plans to attract private sector investments in the energy sector.

Collaboration

This collaboration between the public and private sectors, he said, aims to not only improve the financial viability of energy projects but also promote technological advancements and innovation.

Lastly, the Interior Minister Ambrose Dery, highlighted the government’s commitment to ensuring a conducive environment for the energy sector to thrive.

This includes providing security for energy infrastructure and addressing any challenges related to illegal connections or theft.

Overall, the meeting provided a platform for fruitful discussions on the critical energy sector in Ghana and how the government, with the support of international partners like the World Bank, is actively working towards finding long-term solutions

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