President Mahama in a photograph with the ERERA delegation at the flagstaff house
President Mahama in a photograph with the ERERA delegation at the flagstaff house

The President gave the assurance during a meeting with a five-member delegation led by the authority’s Acting Chairperson, Ifey Ikeonu at the Flagstaff House, according to a press release on Wednesday.

President Mahama in a photograph with the ERERA delegation at the flagstaff house
President Mahama in a photograph with the ERERA delegation at the flagstaff house

President Mahama said Ghana was working towards meeting its dual target of energy self-sufficiency as well as being a net exporter of electricity in the region.

He therefore commended the initiatives of ERERA towards the development of the regional electricity market.
President Mahama acknowledged Ghana’s comparative advantage in power supply to other West African States, and reiterated the country’s readiness to support the regional electricity market.

Ikeonu told the Ghanaian leader that her outfit had already approved the regional electricity market rules that would guide market participants, and was now finalizing work on the dispute resolution rules and contract templates – two other critical instruments which are prerequisites for the launch of the market.

According to her, other member states can benefit from Ghana’s experience in the power sector for the benefit of the ECOWAS Community.

She therefore appealed to President Mahama to assist in ensuring that states were fully aware of Ghana’s initiative in the power sector, especially with regard to the ECOWAS directive, noting that “non-compliance with the directive will hinder the operations of the electricity market”.

The phase one of the regional electricity market set for launch at the end of 2016, would address the twin problem of energy access and energy security in the region. Enditem

Source: Xinhua

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.