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Poor energy supply hampers Ghana’s growth – ECA

The Economic Commission for Africa (ECA) will launch the 2016 Country Profile of Ghana in Accra.

In a media alert copied to ghanabusinessnews.com, the ECA says the objective of the initiative is to provide policy analysis and specific recommendations for Ghana to achieve structural transformation which in turn promotes sustained growth and sustainable social development, as well as regional integration and social inclusion.

The theme of the 2016 Country Profile of Ghana is “Poor energy supply hampers growth in Ghana”, it said.

The Profile notes that the proper functioning of the industry sector and much of the service sector depends on a reliable energy supply.

“Serious problems in the availability of quality energy, therefore, have a negative impact on the prospects for economic recovery in Ghana,” it added.

It is estimated that Ghana experienced 159 days of power outages in 2015, as the country’s energy crisis deepened, plunging most of the country in darkness, forcing some businesses to shut down, and by the end of 2016 the country was struggling with a $2.4 billion energy debt. The crisis didn’t however begin in 2015, but its impact was felt in the economy.

The launch of the Country Profile will be done after the launch of the African Social Development Index (ASDI) sub regional Report for West Africa on August 21, 2017 at La Palm Royal Beach Hotel.

By Emmanuel K. Dogbevi

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