Flagbearer of the main opposition National Democratic Congress (NDC), John Dramani Mahama, has pledged to establish a robust and reliable power system to underpin his ambitious 24-hour economy agenda if elected in the upcoming December 7 general elections.
This policy, aimed at driving economic growth, seeks to keep businesses operational around the clock, boosting productivity and accessibility for consumers.
Speaking to energy sector stakeholders in Accra, Mr. Mahama stressed his administration’s focus on expanding clean energy as part of a broader energy transition strategy.
He outlined plans to align power generation with forecasted demand while addressing reserve requirements to ensure a stable and uninterrupted electricity supply.
“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 per cent share of non-hydro renewable energy in our generation mix,” Mr. Mahama assured.
The NDC flagbearer also proposed introducing a time-of-use tariff system to offer businesses stable and affordable power, enabling continuous operations. He noted that this approach would be crucial in realizing the 24-hour economy vision.
“Other key interventions would include the implementation of a time-of-use tariff to provide affordable and stable electric power for businesses to operate around the clock,” he added.
Additionally, the former president committed to managing the Energy Sector Levies Act (ESLA) revenues transparently and adhering to the cash waterfall mechanism to ensure accountability in the energy sector.
He further promised to partner with local entrepreneurs to reduce technical and commercial losses, boosting system efficiency.
“Another [intervention] 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,” Mahama stated.
Source: classfmonline.com
