Flagbearer of the National Democratic Congress (NDC), John Mahama has vowed to establish a dependable and efficient power system to support his vision for a 24-hour economy if elected.

This initiative aims to create an environment where businesses can operate around the clock, boosting economic activity and improving productivity.

Addressing energy sector stakeholders in Accra, Mr Mahama reiterated his commitment to promoting clean energy as part of a broader energy transition plan.

He emphasised that his administration would align power generation with future demand forecasts and address reserve capacity needs to ensure a stable, continuous power supply.

John Mahama also pledged to increase the share of clean energy in the national power mix to 10% through a combination of fiscal and regulatory measures.

Additionally, he promised to introduce a time-of-use tariff system, which would provide businesses with cost-effective and stable electricity, enabling them to operate efficiently day and night.

The former president also pledged to manage Energy Sector Levies Act (ESLA) funds transparently and strictly implement the cash waterfall mechanism to ensure accountability in the sector.

• Read also: Mahama outlines support package for 24-Hour businesses

He further committed to minimising technical and commercial losses in the energy sector, working with local entrepreneurs to improve 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.”