The Deputy Minister for Energy and Green Transition, Richard Gyan-Mensah, has said the Ministry is taking steps to reduce electricity costs.
He says the Ministry is doing this by ensuring that additional power is procured at the lowest cost and renegotiating existing Power Purchase Agreements (PPAs) to lower generation tariffs.
He made this known on the floor of Parliament when he appeared to answer questions on measures to address electricity tariff adjustments.
He explained that the quarterly tariff adjustments were influenced by four factors: the exchange rate, inflation, the Weighted Average Cost of Gas (WACOG) and the hydro-thermal generation mix.
Gyan-Mensah, who is also a Member of Parliament for Gomoa West Constituency, added that the Lifeline Tariff was designed to support poor and low-income consumers.
He assured the House that the Ministry would continue working with the Public Utilities Regulatory Commission (PURC) to ensure electricity remains affordable, particularly for vulnerable consumers, while maintaining the sustainability of the power sector.
Recently, IMANI Africa observed that ECG’s reported after-tax losses declined from GH¢8.26 billion in 2024 to GH¢2.52 billion in 2025, an improvement of approximately 69.5%.
That is a significant movement in the right direction, although the contribution of operational efficiency, exchange-rate changes and other financial adjustments requires proper separation, iot said.
However, IMANI indicated that Ghanaians do not need another catalogue of attractive energy policies. They need reliable electricity, a financially sustainable sector, opportunities for local enterprise and public expenditure that produces visible results.
If these reforms are implemented with discipline and transparency, the Ministry could help move Ghana’s energy sector from recurring financial rescue towards lasting institutional recovery.
That would be an achievement worth recognising, defending and sustaining.
