By Lawrence Odoom/Phalonzy
The National Democratic Congress has extinguished more than $1.47 billion in energy sector liabilities since taking office in January 2025, achieving the feat without recourse to international borrowing, Hamza Suhuyini, a member of the party’s communications team, has revealed.
Speaking on The Big Issue on Channel One TV on Saturday, May 2, Suhuyini extolled what he termed the administration’s “proactive, fiscally disciplined” stewardship in confronting Ghana’s entrenched energy sector indebtedness.
He asserted that the magnitude of debt retired within barely a year underscores the NDC’s resolute commitment to stabilizing the sector and rekindling investor and public confidence.
Contrasting the NDC’s approach with that of the opposition New Patriotic Party, Suhuyini argued that the current government’s performance eclipses previous efforts, particularly in delivering durable, systemic remedies rather than ephemeral palliatives.
He maintained that the Mahama-led administration is anchored on long-term strategies designed to entrench stability, transparency, and efficiency across the entire energy value chain.
In a pointed critique of the former government, Suhuyini censured the NPP’s fiscal maneuvers, specifically condemning the collateralization of the Energy Sector Levies Act. He contended that, unlike its predecessor, the NDC is prioritizing prudent economic management and judicious domestic resource mobilization to resolve sectoral bottlenecks without excessive dependence on external financing.
“Upon the assumption of office, in a matter of one year, without not having access to the international capital market, we have been able to service in excess of $1.47 billion of the energy sector debt.”
“We organised these resources locally through prudent management of the economy but when they had that opportunity, they collateralised our ESLA.”