Accra:The International Perspective for Policy and Governance (IPPG) has expressed concerns regarding the financial implications of Ghana's proposed 2,000-megawatt nuclear power project in collaboration with Russia.
According to Ghana Web, the IPPG has emphasized the necessity for the Ghanaian government to clearly outline the financial structure of the project, including the responsibilities of both Ghana and Russia, before proceeding with any major commitments. The organization warned that without proper assessment of funding arrangements and potential risks, the project could exert pressure on Ghana's public finances and electricity tariffs.
The statement from IPPG follows recent announcements by Foreign Affairs Minister Samuel Okudzeto Ablakwa, which were made after President John Dramani Mahama's discussions with Russian President Vladimir Putin during the Russia-Africa Summit. IPPG highlighted that while nuclear energy could enhance Ghana's electricity supply and reduce reliance on other energy sources, the government should carefully consider the project's cost, technology, and long-term benefits.
The organization also raised questions about the type of nuclear technology under consideration and the capacity of Ghana's electricity system to support the proposed 2,000MW output. IPPG urged the government to ensure that the country's nuclear regulatory bodies, safety systems, and technical institutions are adequately prepared before advancing with the project.
Furthermore, IPPG insisted that the partnership should adhere to Ghana's existing nuclear power development framework and meet the standards of the International Atomic Energy Agency (IAEA). They stressed that the project's success would depend on its ability to provide reliable and affordable electricity without imposing excessive fiscal burdens or compromising regulatory processes.
The organization called on the government to engage relevant stakeholders and deliver transparent information on the project's financing, technology selection, risk-sharing agreements, and implementation strategies before making final commitments.