Cut power costs to drive industrialisation, says ACEP report to Ghana Times readers

Africa faces a critical juncture in its industrialization journey, with the Africa Centre for Energy Policy (ACEP) issuing a stark warning: the continent risks being left behind unless it urgently addresses the high cost and unreliability of electricity.

ACEP emphasizes that affordable and dependable power is not merely a convenience but a fundamental requirement for African industries to become competitive on a global scale. This, the center argues, is the key to unlocking widespread economic transformation across the continent.

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Africa risks losing the industrialisation race unless it urgently reduces the cost of electricity and ensures reliable power for businesses

The organization's call to action highlights the immediate need for policy interventions and investments aimed at reducing electricity costs. Without these measures, the potential for industrial growth and the subsequent economic benefits remain significantly hampered, jeopardizing Africa's aspirations for a stronger industrial future.

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affordable and dependable electricity was critical to making African industries competitive and driving economic transformation across the continent.