Wednesday, 25 March

Energy Minister advocates policy stability at Powering Africa Summit

Politics
Energy Minister at the summit

The Minister for Energy and Green Transition, John Abdulai Jinapor, has called on African governments to prioritise policy stability and predictable regulatory environments to boost investor confidence in the energy sector.

Speaking as a panellist at the Powering Africa Summit, Dr Jinapor highlighted the need for governments to address the underlying concerns driving investor demand for guarantees in energy projects.

He noted that investors are primarily seeking certainty and consistency, rather than frequent changes to fiscal regimes or unstable political conditions.

According to the Minister, improving risk perception across the sector requires deliberate reforms that enhance transparency and ensure reliable policy frameworks.

Dr Jinapor pointed to ongoing reforms in Ghana’s energy sector, including the prudent management of the cash waterfall mechanism, which he said has improved payment discipline and ensured the timely settlement of obligations to utility companies.

He revealed that these improvements have begun to yield positive results, with several power generation companies expressing interest in undertaking new projects with reduced reliance on government guarantees and less stringent contractual arrangements.

The Minister emphasised that sustained reforms and strong governance are essential to building a resilient and investment-friendly energy sector across the continent.

 

The discussions at the summit focused on practical steps governments can take to reduce risks, attract investment and support long-term energy development in Africa.

Source: Classfmonline.com/Cecil MENSAH