Ghana Poised to Generate Revenue From Gas Power

9 December 2019

Sekondi — The President, Nana Addo Dankwa Akufo-Addo has stated that significant sums of money in excess of billion dollars will be made in the course of the next 10 years in the generation of power through gas.

He said "the country is going to make several savings now that the facility is going to use gas from the Ghana Gas Company as its primary source of power."

The President said that the gas would help bring down the cost of electricity and make it possible to secure the source of powering the transformation of the economy into industrial development of Ghana which was the main goal of his government.

President Akufo-Addo was speaking at the first gas for Karpowership at the Sekondi Naval Base in the Sekondi-Takoradi Metropolis of the Western Region.

He said the country was gradually shifting from exporting and producing raw materials to building an industrial economy which called for secured power.

President Akufo-Addo reiterated the commitment of the government in putting the country on a sound footing so that the development could take place for the benefit all communities and societies.

"The business in Ghana where we go forward and stumble, go back, must be put behind for us to make intelligent arrangements especially in the energy sector so that from now on, we know we are going forward and forward," he said.

The President explained that since the assumption of office government had been working with the Karpowership to find a mutual benefit between the country and the company and the most critical decision was to relocate the facility from the Tema enclave to Sekondi in the Western Region where the gas originated.

The Managing Director of Karpowership, Mr Vulcan Bayard Bauchi, said that, the relocation of the facility would enable the country to utilise at least 50 per cent of Sankofa Gas and support the country to have a robust energy market.

He disclosed that within the past few years the country had exhibited tremendous efforts to establish a reliable supply of primary power plants and increase the export of electricity to neighbouring countries thereby making Ghana one of the most efficient energy hubs in the sub-region.

The Minister for Energy, Mr Peter Amewu said that the relocation of the Karpowership to Sekondi would generate 470 megawatts of power with a high level of energy management.

He assured Ghanaians that no more would the nation witness "dumsor" under his watch as it was his avowed intent to make sure that power sustainability was brought to bear in every single route.

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