Newsfile to tackle Akosombo fire and BoG's GH¢15.6bn loss
JoyNews' Newsfile will tackle this Saturday two major national issues shaping Ghana's economy and infrastructure. The news analysis programme will examine the recent fire outbreak at the Ghana Grid Company Limited substation near Akosombo, which triggered widespread power outages across the country. The second major issue on the table will be the Bank of Ghana's GH¢15.6 billion loss for 2025, which has sparked widespread debate.
The Akosombo fire resulted in a significant loss of electricity supply from the Akosombo hydro system, affecting households, businesses, and industry nationwide. Emergency response teams from GRIDCo, the Volta River Authority, and other power sector agencies worked to restore supply in phases by rerouting electricity and repairing damaged systems. Partial restoration began within days, with several generating units brought back online to ease pressure on the national grid. By April 29, a significant portion of lost capacity had been restored. Full restoration was achieved by May 1, 2026, when authorities confirmed that all generating units at Akosombo were back in operation and national power supply had stabilised. The GH¢15.6 billion loss has been attributed to aggressive inflation control measures, foreign exchange revaluation losses, and accounting pressures linked to gold and reserve management. Some experts describe it as a "necessary cost" of stabilising the economy.
Investigations into the cause of the fire are ongoing, while long-term repairs to the damaged substation are expected to continue over the coming months.
Quick Summary
Newsfile on JoyNews will delve into the Akosombo fire incident and Bank of Ghana's GH¢15.6 billion loss. These events have sparked national debate, raising questions about Ghana's infrastructure and economic stability - but what are the key issues?
Summary - read the full story for complete context.
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