Former Chief Executive of the Volta River Authority (VRA), Kweku Awotwi is charging government to expedite action in its quest to resolve the energy crisis the country is faced with.

This according to him, has become even more crucial as it threatens the future of the mining sector. He was speaking with JOY BUSINESS at this year’s West African Mining and Power Conference (WAMPOC). 

"Mining is a commodity business and it is cyclical in nature. Over all, I won't say I am worried about the future of the sector, but mining tends to have very large investment decision to be made," he said.

Mr. Awotwi revealed that mining giants like AngloGold, Newmont, Goldfields and the likes are all investing millions of dollars to move from surface to underground mining, adding that "if you don't know your cost input, you can't take that decision is."

He said those are some of the challenges the sector faces even when gold price is not high mining fiirms want assurances that if they spend millions of dollars, they will have a stable power supply because power is the largest input in the business. 

"These are some of the things that are not very clear right now and these are the issues that the minig sector faces," he added.