Finance Minister Ken Ofori-Atta has stated that the government has made significant efforts over the past seven years to ensure a stable power supply and keep the lights on in the country.
This statement reflects the government’s commitment to addressing challenges in the energy sector and providing a reliable electricity supply to support economic activities. The assurance comes amid ongoing efforts to enhance the energy infrastructure and improve the overall power situation in Ghana.
Delivering the 2024 Budget in Parliament on Wednesday, he noted that the government has “invested GH¢32.7 billion to keep the lights on.”
Finance Minister Ken Ofori-Atta mentioned that the government has invested in various sectors to support business growth.
In addition to investing in the financial sector’s repositioning with GH¢25.3 billion, the government has facilitated GH¢1 billion in competitive financing for the private sector through the Development Bank Ghana.
He also highlighted the ongoing efforts of the Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL) in mitigating risks in the agriculture sector.
These investments are part of broader initiatives to bolster the country’s economic development and support businesses.