Outgoing Finance Ministers says there will be ample gas to end 'dumsor'

Outgoing Finance Ministers says there will be ample gas to end 'dumsor'

Outgoing Finance Minister, Mr. Seth Terkper, has stated that ample measures have been put in place to ensure that the power crisis is permanently dealt with.

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Outgoing Finance Ministers says there will be ample gas to end 'dumsor'

Seth Terkper, outgoing Finance Minister

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Speaking on the Citi Breakfast Show, Mr. Terkper said that the Ghana will gradually become less dependent on the gas supplied by the West African Gas Pipeline due to gas generation from the TEN oil fields and other gas generation projects.

In an attempt to elaborate on his views the outgoing Finance Minister said the country is going to have gas from the TEN oil field from this quarter.

“the nexus of gas supply is going to come from Sankofa which will put Ghana on the trajectory of about GHc 3 trillion worth of Gas, and this is the context in which we must look at the permanent solution."

"We have secured the World Bank partial loan guarantee so the structure we have is that, Ghana will produce its own Gas,” the Finance Minister added.

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Furthermore, Finance Minister Terkper also alluded to the possibility of expanding existing plants, that the option was currently being considered. This, he said, was to solidify the gains made towards making Ghana more energy self-sufficient.

“The plants like Atuabo can be expanded. Independent power producers like Asogli has already expanded. We have three independent power production plants approved by parliament already, and all these are going to operate the Sankofa Gas which will be produced by GNPC.”

“GNPC will then sell this gas to either the VRA or independent power producers or others, and those plants will produce gas for Ghana. We are moving from depending almost exclusively on the West African Gas to using our own gas,” Mr. Terkper added

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Outgoing Finance Ministers says there will be ample gas to end 'dumsor'

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