The Minister of Energy, Dr Matthew Opoku Prempeh, has said the ministry is working with the Ministry of Finance to suspend some levies that contribute to fuel prices in order to cushion patrons against the ever-increasing price hikes.
He said that decision was necessary because the most important task of the ministry was to keep the lights on and manage fuel prices.
Dr Opoku Prempeh gave the hint when a delegation from the Ghana Energy Awards (GEA) called on him to brief him on the upcoming 5th GEA, slated for Accra on November 19, this year.
He stressed that the ministry was set on ensuring that previous power crises remained things of the past.
He said Ghana had the most spatially distributed electricity network in Africa, with access rate around 86 per cent, adding that such huge transmission network meant there were bound to be a lot of problems that the ministry was working to solve.
“We also don’t want to see ‘dumsor’ coming back,” he said, and admitted that although that was a battle, with the right investments the country would get very reliable electricity supply.
The GEA delegation, led by Mr Kwame Jantuah, an energy consultant, who is Chairman of the GEA Awarding Panel, included Prof. Felix Asante, Pro Vice-Chancellor in charge of Research, Innovation and Development, University of Ghana; Dr Lawrence Tetteh, economist and renowned evangelist, who are panel members; Mr Henry Teinor, Chief Executive of the Energy Media Group, the event director; Nicholas Frimpong-Manso, MD of GP Business Consulting, co-Organiser of the event, and Patricia Danful and Cornelius Atiase from the Awards Secretariat.
Another priority, the minister said, was how to monetise gas to facilitate the country’s preparation for the inevitable energy transition for industrialisation.
He said some industries that were key to the industrialisation agenda had collapsed because of the impact of fuel price hikes and named those industries as cement, bauxite, fertiliser and plastic.
Meanwhile, he said, the ministry was also looking at shifting the provision of electricity meters to the private sector, saying: “There’s more need for meters than the government can acquire”.
The GEA aim to recognise players in the energy sector through awards and acknowledge their accomplishments in the public and the private sectors, as well as the non-governmental space.
According to the Awards Secretariat, the GEA had, since their institution in 2017, built a name and a brand within the sector that ensured continued interest from the sector itself.
Award categories for this year include the Energy Personality of the Year, CEO of the Year, Excellence in Digital Service Delivery, Energy Institution of the Year, Digitalisation Project of the Year, Energy Company of the Year, Rising Star, Energy Reporter of the Year, among other categories.
The upcoming awards are on the theme: “Digitalised Energy Sector: The Key For A Resilient Economic Future”.
According to Mr Jantuah, the influencing factor on the choice of theme was the realisation of the government’s intent to digitalise a lot of institutions.