Business News of Wednesday, 31 March 2021Source: www.ghanaweb.comThe Institute for Energy Security (IES) has stated that the recent power outages in the country will affect economic activities if proper measures are not adopted to find a permanent solution to the problem. A press release issued by the IES stated that the several power supply challenges affecting the smooth running of businesses and homes alike is very unfortunate and could have an impact on an economic rebound. Since the beginning of the year, there have been several major power supply cuts, as experienced on 27 February 2021, 03 March 2021, and also the total shutdown experienced on 07 March 2021. Until the current power incidents recorded cease, the Ghanaian economy may struggle to come out of the recession caused by the pandemic. If the government is serious with rebooting the economy, then it must ensure that the utilities within the power value chain are resourced financially, to ensure operational efficiencies in power delivery,” the statement noted.

Source: GhanaWeb March 31, 2021 16:18 UTC