Ghana’s President John Mahama says Africa’s energy sector needs to be deregulated to improve power production and boost investme

Ghana’s President John Mahama says Africa’s energy sector needs to be deregulated to improve power production and boost investment.

Speaking at the Forum Forbes Afrique 2013 this week, the President said: “Nobody will invest significantly in a continent when he is not sure that he will have access to reliable, affordable power. And if there is one challenge that we face in our countries it is that we do not have enough power. Yet we have the potential to be probably the biggest producers of power in the world. That is why we need to deregulate the energy sector and allow the private sector to come in and produce power."

"Government on its own cannot leverage the kind of investment that is needed to provide the power that Africa needs and so we should allow the private sector to come in. We have started to do it in Ghana with independent power producers and we hope that it will grow and be able to interlink our transmission grids so that those who have excess power we can export to other countries that do not have enough.”

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