President John Mahama has told the United Nations General Assembly his government is on course to fixing the country’s energy crisis.
Addressing the assembly in New York today, the president said he expects 3500 megawatts of power to come on stream soon to help bring the crisis to an end.
The country has over the past three years suffered a crippling power crisis which has affected the economy in no small way.
But he is convinced his government is on track to resolve the crisis.
“One of the major binding constraints that all of Africa faces is a shortage of power. And Ghana is no exception. In many African nations power outages as a result of a shortfall in generation are even considered normal.
“In Ghana, two decades of consistent positive growth has resulted in demand for power outstripping supply. The resulting load shedding program has, unfortunately, slowed growth and is taking a steep toll on economic and social life. Small and medium enterprises, which can least afford the high cost of purchasing and operating generators to substitute their power supply, are being severely affected.
“We are pursuing a program to put in emergency generation to balance demand and supply. Looking forward, we plan to put an addition 3500 MW of power into our transmission grid utilizing the significant gas reserves we have discovered in offshore concessions”.
He also told the assembly, Ghana has made huge progress in meeting the Millennium Development Goals.