Mid-Year Budget Review: Energy sector remains a significant fiscal risk to economy - Deloitte
Deloitte disclosed in its assessment of the Mid-Year Budget Review that the energy sector remains one of the most significant fiscal risks facing the country. The professional services firm explained, "Without meaningful reforms, losses within the sector could eventually migrate onto the government's balance sheet and undermine hard-won gains in debt sustainability."
Deloitte urged the government to pursue energy sector reforms with urgency and consistency, and to continue to avoid excessive reliance on short-term domestic debt, which can increase refinancing risks and interest costs. Liabilities within the energy sector, particularly those associated with state-owned enterprises, remain a source of concern, even as Ghana's sovereign debt restructuring nears completion. The firm welcomed the Minister's emphasis on strengthening public financial management controls, enforcing stricter commitment authorisation procedures, and pursuing broader energy sector reforms.
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Deloitte's assessment of Ghana's Mid-Year Budget Review highlights the energy sector as a major fiscal risk. The financial health of the Electricity
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