The Electricity Company of Ghana is expected to be taken over by a private sector player going forward, the International Monetary Fund (IMF) has revealed.In its Staff Report on Ghana, the Bretton Woods institution stated that “by the end of 2025, a transaction advisor is expected to be hired to oversee the selection process for...
Day: December 25, 2025
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Energy sector shortfall persists; to balloon to US$1.10bn in 2026 – IMF
Despite marked improvements, the energy sector shortfall persists, the International Monetary Fund has disclosed in its Staff Report on Ghana. In 2025, the energy sector shortfall was over US$500 million. According to the IMF, this was assumed by the government, either through legacy debt payments or fuel purchases. While this is significantly below the budgeted...
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Russia plans to build a nuclear power plant on the Moon next decade
Ever since Soviet cosmonaut Yuri Gagarin became the first human to go into space in 1961, Russia has prided itself as a leading power in space exploration, but in recent decades it has fallen behind the United States and, increasingly, China. Russia’s ambitions suffered a massive blow in August 2023 when its unmanned Luna-25 mission...