Ghana to export power in the next four years - World Bank

The World Bank group says it optimistic that Ghana will be able to be a net exporter of power within the next four years

Ghana to export power in the next four years - World Bank

He explains that, the investments made by the country in the energy sector have resulted in the over-supply of power in the country which will necessitate the exportation of part of the power to neighboring countries.

He made these revelations when he was addressed the media on the outcome of discussions held between the new government of Ghana and the World Bank Group at the Spring Meetings of the World Bank and the International Monetary Fund (IMF) in Washington DC.

“The past government had too many Power Purchase Agreements (PPA) signed; this is more than needed to satisfy the demands in the country."

There will be at least 1.5 Giga Watts (GW) of excess electricity available, more than can be consumed in the country, Kerali projected.

The World Bank official therefore urged the country to enter into discussions with the neighboring countries early so the excess power would take advantage of the power needs in the sub-region to make Ghana a net exporter of power.

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The World Bank official however expressed worry that some of the PPAs were negotiated with very high cost which could make Ghana’s energy tariffs uncompetitive in the sub-region.

He therefore called for a re-negotiation of some of the PPAs in order to drive down the cost component which would help make Ghana’s energy tariffs competitive in the sub-region.

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