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August 21, 2026
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ASEC calls on GRIDCO to publish comprehensive report on power outages, prevention measures and future rollback plan
Money
Policy
Growth
Key Points
- The Africa Sustainable Energy Centre (ASEC) is demanding a comprehensive technical report from GRIDCo on recent widespread power outages in Ghana.
- GRIDCo attributed the latest disturbance to a fault on the Akosombo Volta transmission line and is currently conducting an investigation.
- ASEC's requested report should cover root cause analysis, protection system performance, lessons learned, preventive measures, grid resilience and redundancy, and a recovery plan.
- ASEC advocates for a shift from reactive maintenance to a predictive, preventive, and resilience-based grid management culture for Ghana's power system.
- The centre stresses the importance of transparency and accountability, urging GRIDCo to publish its findings and a timeline for corrective actions.
Why This Matters
Frequent and widespread power outages disrupt businesses and households, imposing significant economic costs and undermining public confidence in Ghana's critical infrastructure. A resilient and transparently managed national grid is fundamental for the country's economic stability, industrial operations, and overall development. Addressing these issues proactively is crucial for Ghana's future.
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GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako
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- Dr. Boako, a Deputy Ranking Member on Parliament’s Finance Committee, questioned GoldBod's reported GH¢907 million profit, stating an outstanding overdraft would reflect a loss.
- GoldBod labeled Dr. Boako’s claim as “totally false,” a “deliberate and malicious smear campaign,” and demanded a retraction and apology.
- This dispute is set against a broader political and economic debate concerning GoldBod’s financial performance and the accounting treatment of GH¢22 billion losses from the Domestic Gold Purchase Programme (DGPP).
- GoldBod asserts it has never taken any loan, overdraft, or debt instrument from the Bank of Ghana or any financial institution since its establishment.
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GoldBod losses remain key on Minority agenda as Parliament reconvenes – Afenyo-Markin
- The NPP Minority Leader, Alexander Afenyo-Markin, reaffirmed the caucus's commitment to investigate a reported US$1.7 billion loss linked to the Bank of Ghana’s Domestic Gold Purchase Programme and the Ghana Gold Board (GoldBod).
- This commitment was reiterated after Afenyo-Markin met with NPP flagbearer Dr Mahamudu Bawumia in Accra.
- Dr Bawumia commended the Minority Caucus for its accountability efforts and encouraged their continued work.
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Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
- The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
- However, IERPP tempers this optimism with concern over an estimated GH¢22 billion (US$1.7 billion) loss from the Domestic Gold Purchase Program (DGPP).
- The DGPP loss is significant, equating to about 65 cents for every US$1 of FDI attracted, highlighting a major resource management issue.
- IERPP emphasizes that while FDI is crucial, it cannot substitute for prudent management and protection of existing public resources.
- The Institute calls for greater transparency, a clear breakdown of DGPP losses, and intense scrutiny from accountability institutions, Parliament, and civil society.