ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR 2018

Abstract

The Energy Commission Act, 1997 (Act 541) mandates the Commission to regulate, manage and coordinate the development and utilisation of energy resources in Ghana. It also provides for the granting of licenses for the transmission, wholesale supply, distribution and sale of electricity and natural gas. The Commission is also mandated to prepare, review and periodically update indicative national plans to ensure that all reasonable demands for energy are met in a safe and economic manner. With the coming into force of the Renewable Energy Act, 2011 (Act 823), the Energy Commission received the extended responsibility of harnessing the available renewable energy resources in the country and promoting the deployment of renewable energy technologies to enhance energy supply in Ghana. Act 541 was also amended by the passage of the Energy Commission (Amendment) Act, 2016 (Act 933) to provide for promotion of local content and local participation in the Electricity Supply Industry (ESI) and for related matters. In December 2017, the operationalising legislative instrument for Act 933, the Energy Commission (Local Content and Local Participation) (Electricity Supply Industry) Regulations, 2017 (L.I. 2354) entered into force. The objective of the regulations among other things is to achieve a minimum of 51% equity participation and 60% local content in Wholesale Supply and Distribution in the ESI in Ghana and also to develop capacity in the industry for the manufacture of electrical equipment, electrical appliances and renewable energy equipment.