Ghana remains open for investment in power sector – John Mahama

Former president John Mahama has made a strong case for investors to turn their attention to the vast opportunities in Ghana’s power sector.

According to him, Ghana stands a better chance to become the export hub for power in West Africa if the right investments are made into the sector.

Speaking at an International Business Forum in Alberta, Canada organise by the Ghana Canada Chamber of Commerce on Monday (23 October), Mahama said: “There is space for investment in power.”

“We have seen a lot of investment in power when we liberalised the sector,” he added. “We allowed independent power producers, so several firms have invested in generating plants to produce both for Ghana and export to neighbouring countries.”

“We also have the potential in renewables, mainly solar, wind is not very viable because we are close to the Equator and so solar is the main thing.”

“I guess if we could export sunlight, we could export some to Alberta, and so there is potential for a lot of solar power. Ghana is also an oil-producing country, we produce crude oil and LNG,” Mahama added.

Source: asaaseradio