19
Sep
The Public Utilities Regulatory Commission (PURC) has issued an urgent call for a revision of the Cash Waterfall Mechanism (CWM) to avert a looming financial crisis in Ghana's energy sector. The Commission in a letter addressed to the Presidency, Energy and Finance ministers, and other key stakeholders, highlights the potential collapse of the energy sector due to financial instability if immediate actions are not taken. The PURC's concerns focus on key energy sector players such as the Ghana Grid Company (GRIDCo), Volta River Authority (VRA), Bui Power Authority, and independent power producers. These entities are struggling financially, primarily because the…