Friday, 13 November

2027 Budget: Govt allocates GH¢3.1 billion to support electricity access to Ghanaians

News
Electricity supply

Government has allocated over 3 billion cedis to support electricity supply across the country.

Dr. Cassiel Ato Forson disclosed this in the 2027 budget presentation yesterday.

The budget dubbed the "New Economy" is aimed at creating jobs and building a new and robust economy for Ghanaians.

The Minister of Finance, Dr. Ato Forson, estimates the New Economy agenda at $10 billion to benefit all sectors of Ghana's economy.

In the area of energy, the Minister revealed that the government under the leadership of President John Dramani Mahama has "allocated GH¢3.1 billion to the Ministry of Energy and Green Transition to support electricity access and the development of the energy sector". 

Of this amount, "GH¢3 billion has been allocated to extend the Rural Electricity Acceleration and Urban Intensification Initiative to the Western, Western North, Upper West, Upper East, Northeast and Northern regions."

He also noted that "a separate GH¢13 billion has been allocated for energy sector payment shortfalls to meet the obligations that sustain electricity supply" and also "allocated GH¢50 million to support lifeline electricity consumers and ease the burden on households". 

Source: classfmonline.com