John Jinapor, the Minister of Energy and Green Transitions has urged Ghanaians not to panic in terms of any potential power crisis in the country.
The sector minister yesterday painted a gloomy picture of the power situation in the country.
According to John Jinapor, the country has just 2.6 days’ worth of fuel stock left for power generation.
Speaking to members of the Energy Committee of Parliament, Mr Jinapor stated, “We require about $1.1 billion to procure liquid fuel alone. Unfortunately, the liquid fuel is not part of the tariff structure, and so we will be buying close to $15 billion of liquid fuel, and that has to be paid by the central government.”
“Karpower has just sent us a letter that by the 18th, they will shut down the plant because we owe them more than $400 million. IPPs alone, we owe them $1.7 billion, and so it’s serious,” the Minister stressed.
“ECG is unable to collect all the monies, and so you are having a deficit of about 2 billion cedis every month when it comes to ECG’s collections. When you add that deficit and you add the fuel, which is not part of the pass-through, you are looking at over 30 billion,” he said.
However, speaking on Citi Eyewitness News John Jinapor clarified the power situation stating that the government has procured 450,000 barrels of light crude oil arriving this weekend.
He stated, “On fuel stock, we did indicate to them that we have 2.6 days of fuel. But I also did say that fortunately, the Ministry of Finance has supported us—we’ve procured 450,000 barrels of light crude oil arriving this weekend.”
“So, it is true that we have 2.6 days of stock, the good news is that we have 450,000 barrels coming in, so we shouldn’t panic. We will be okay. No—[there is no looming power crisis],” he assured.
Watch the video below:
Karpower has served notice of a shutdown on May 18 over $400 million debt… – John Jinapor (Minister of Energy & Green Transition)#GHOneNews #EIBNetwork#GHOneTV #NewsAlert pic.twitter.com/hC7SOv8Swg
— GHOne TV (@ghonetv) May 15, 2025
