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The Wholesale Power Reliability Assessment report (2010) also estimated that Ghana loses between 2 and 6 % of gross domestic product (GDP) annually due to inadequate and unreliable power supply. The Institute of Statistical, Social and Economic Research (ISSER) in 2014 estimated Ghana to lose between $320 million and $924 million per annum in productivity and economic growth due to the current power crises. The troubling rationing system, the slowdown in industrial activity, job and income losses, and disruptions in social life are telling reminders of what now seems a perennial drag on Ghana’s development agenda. An electricity crisis has also become a perennial development challenge in Ghana, with increasing severity that threatens the country’s economic growth and transformation. From an economic point of view, the production of all goods and services and the development of economic infrastructure all depend on a reliable and sustainable supply of electrical energy.Įlectricity generation in Ghana has gone through a number of phases: starting with diesel generators and stand-alone electricity supply systems owned by industrial mines and factories, to the hydro phase following the construction of the Akosombo dam, and now to a thermal complement phase powered by gas and/or light crude oil. Electricity is needed to maintain law and order, security, and stability. This paper outlines the state of current electricity demand and supply gap and the major impediments to resolving the supply bottlenecks and in managing demand, highlights institutional and regulatory constraints, and identifies some key issues that should be the focus of policy decision-making going forward.Īccess to electricity, coupled with aggressive industrialization, is a key component in achieving sound economic development. While Ghana has committed itself to universal electricity access by 2020, the real challenge is the capacity to meet this goal and, most important, to ensure that supply is reliable and adequate.

A power crisis has also become a perennial development challenge in Ghana, with increasing severity that threatens the country’s economic growth and transformation. Power generation in Ghana has gone through a number of phases: starting with diesel generators and stand-alone electricity supply systems owned by industrial mines and factories, to the hydro phase following the construction of the Akosombo dam, and now to a thermal complement phase powered by gas and/or light crude oil.

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