Storyline
PUWU Pushes Back on IMF Energy
Timeline
- Fri, Sep 11LatestUnverified — not yet reviewed
IMF Flags ECG's GH¢71bn Liabilities and GH¢8.8bn SOE Losses as Systemic Risk
The IMF has flagged ECG's GH¢71 billion in accumulated liabilities and reported that ten state-owned enterprises recorded a combined net loss of GH¢8.8 billion in 2024. The Fund has separately warned that government reform efforts have yet to translate into improved SOE financial performance, with non-cost-reflective tariffs and arrears sustaining a fiscal drag on Ghana's economy.
- Wed, Sep 9Unverified — not yet reviewed
PUWU Challenges IMF and World Bank on IPP Pricing, ECG Revenue and Energy Self-Sufficiency
The Public Utilities Workers Union has called on the IMF and World Bank to focus reforms on independent power producer pricing rather than ECG alone, while also citing improving ECG revenue data as evidence that external prescriptions may be misaligned. PUWU has further argued that Ghana possesses the institutional capacity to fix its energy sector without IMF or World Bank intervention, framing domestic policy ownership as the preferred reform path.