Mr. Atta Yeboah Gyan, Deputy Managing Director for Operations & Support Functions at Fidelity Bank Ghana, has called for deeper collaboration among financial institutions, policymakers, and energy operators to deliver a power system that “works for both consumers and investors.”
Speaking at the Business and Financial Times (B&FT) Thought Leadership Series Energy Roundtable, Mr. Gyan stressed that solving Ghana’s persistent energy challenges is “not a matter of choice, but a necessity for Ghana’s destiny.”
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Themed “Powering Ghana Forward: Strategising for a Self-Sustaining and Resilient Power Sector in 10 Years,” the roundtable provided a platform to examine the sector’s long-standing issues, including over $3 billion in legacy debt and liquidity shortfalls.
Mr. Gyan described the energy sector as both “an emblem of progress and a mirror of strain,” citing a cycle of inefficiencies caused by delayed tariff reviews, non-payment by public entities, and a weakened Cedi that increases energy costs.
He urged a shift from short-term interventions to sustainable financing structures grounded in transparency, innovation, and collaboration. Drawing from Fidelity Bank’s experience in corporate and project finance, he emphasised that addressing the crisis requires capital discipline, governance, and accountability.
Mr. Gyan highlighted Fidelity Bank’s role in supporting initiatives such as the Energy Sector Levies Act (ESLA) bonds, which provided temporary liquidity relief. He, however, noted that more sustainable, data-driven financing models are needed to restore investor confidence.
“Digitisation and data transparency must be prioritised to build trust across the value chain,” he said, adding that cost-reflective pricing frameworks would enable investors and financiers to commit long-term capital.
The Deputy MD also revealed that Fidelity Bank is aligning its financing strategy to support Ghana’s clean energy transition, with new products like renewable asset financing designed to help individuals and businesses adopt cleaner energy solutions.
He further mentioned the bank’s exploration of green financing, blended capital, and ESG-linked instruments to scale renewable energy investments and strengthen local energy businesses.
“The challenges before us are complex, but not insurmountable. At Fidelity Bank, we remain committed to powering homes, industries, and confidence in Ghana’s economic growth,” he concluded.
The 2025 Energy Roundtable brought together key stakeholders from the public and private sectors, including regulators, financiers, energy producers, and development partners, to discuss sustainable financing pathways for Ghana’s energy future.
