The Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has pointed out that President-elect John Dramani Mahama has no breathing space as Ghana's economy continues to face an energy crisis and a crumbling economy.

He mentioned that the newly elected president does not have the luxury of a "honeymoon."

In an open letter to the President-elect, Ben Boakye stated, "The energy situation demands a careful, surgical examination to ensure you hit the ground running on January 7."

"This message is not meant to be lengthy, but to emphasize that you will not have the luxury of a 'honeymoon' in this situation," he added.

He highlighted that about GH¢50 billion is wasted annually in the energy sector alone, undermining public trust and economic stability in the country.

According to him, the systemic failures in the energy sector are a microcosm of broader governance issues.

He cautioned that the inefficiencies in state agencies, declining investor confidence in the upstream oil and gas sector, and bloated administrative structures require immediate attention.

Ben Boakye noted that the incoming government must prioritise transparency, calling for the transition team to disclose the total outstanding debt in the energy sector before assuming office.

Ben Boakye also stressed that inefficiencies in the downstream petroleum sector must be addressed to restore trust among investors and halt the decline in the upstream sector.

"We can attract a minimum of $2 billion in investments by 2025, but only with swift, decisive action," he said.

SSD/MA

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