845 MW To Be Added To National Grid By End Of Year – Terkper

845 MW To Be Added To National Grid By End Of Year – Terkper

The Government has indicated that it will add 845MW to the national grid by the end of 2015.

Finance Minister, Seth Terkper said this during the budget presentation Friday in Parliament. According to him the Mahama led administration “made the necessary investment to end our power crises.”

He added that efforts are being made to end the erratic power situation in the country.

Ghana is currently facing an erratic electricity supply to both domestic and industrial areas due to a three-year long energy crisis as a result of over reliance on hydro power over the years, poor infrastructure and shortage of gas to fuel thermal plants.

Two power barges are expected from Turkey with the first one expected to touch down in Ghana by next week to ease the energy crisis.

Presenting the 2016 budget and economic policy statement of the government in Parliament, Terkper also said government is targeting a gross domestic growth rate of 5.4% including oil and 5.2% excluding oil in the coming year. He noted that the government projects inflation at 10.1% in 2016.

He further assured the House government will resist the temptation of election year overspending.

“Despite it being an election year, let me also reiterate President Mahama’s assurance of sustaining fiscal discipline while investing prudently in infrastructure and social development."

 

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