executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, says Ghana’s energy sector is facing direr financial challenges than it was a decade ago.
According to him, very little has been done to tackle the power sector problems following a 2014 diagnosis that named financial, managerial, and technical challenges as the root cause of the country’s energy problems.
“The financial challenges of the energy sector today are even deeper than we’ve ever experienced except that today the generating plants are here and therefore when ENI and Ghana Gas puts gas in the pipeline the power will be generated,” he said on JoyFM’s Super Morning Show.
He noted that the energy sector on its own has not been able to achieve self-sustainability.
According to him, the government has had to continue its support of the energy sector despite the increase in power generation.
“But ultimately the state through the ministry of finance will have to pay for it because the sector itself cannot pay for power that is generated, gas that has been consumed and produce power out of it. We cannot distribute and raise money to be able to pay the value chain.
“So we have a power system that today is doing about 30% or 35% revenue requirement. To put it simply, what it means is that if you generate power of 1 million dollars, the power sector can pay for about 300,000. Ghana government has to go and look for almost 700,000 to come and top up for us to keep the light on,” he explained.
He was speaking in relation taboutlier raised by the Energy Minister, Dr. Matthew Opoku Prempeh about an imminent impact on electricity supply due to a shortage of gas for production.
According to him, the issue is a result of excessive dependence on gas plants, which differs from the past reliance on liquid fuel to support energy generation.
Dr. Prempeh explained that the country is currently grappling with a double predicament, where a complete shift towards a gas-based system has left the power infrastructure vulnerable, and any interruption in the gas supply will lead to a shutdown of all power-generating systems, resulting in a complete blackout across the country.
Meanwhile, Deputy Energy Minister, Andrew Egyapa Mercer says despite the challenges facing the sector, the government will continue to invest in the energy space.
This he said will prevent any major disruption in the power supply chain.
He added that while the government is battling some problematic contractual frameworks signed by the Mahama administration in the energy sector, the ministry has put in place measures to drive up revenue generation in that sector and ensure utmost efficiency.
Let’s live harmoniously to safeguard Ghana’s peace – Peace Council on recent clashes
The National Peace Council (NPC) has called on Ghanaians to live harmoniously with each other to safeguard the country’s peace.
It has urged Ghanaians to protect “the peace and security of the country by creating and using avenues of tolerance, cooperation, and coexistence to sustain the country’s identity as an oasis of peace in Africa.”
This follows the unfortunate violent clashes in some parts of the country which have resulted in the deaths of some citizens.
Reports from Kintampo in the Bono East Region, Nkwanta in the Oti Region, and Wenchiki in the Northeast Region indicate that violence has led to the destruction of lives and property in these affected communities.
In a statement issued on Wednesday, the NPC reminded Ghanaians “of paragraphs (c), (d) and (i) of
article 41 of the 1992 constitution of the Republic of Ghana which states thus: The exercise and enjoyment of rights and freedoms is inseparable from the performance of duties and obligations, and accordingly, it shall be the duty of every citizen.”
“To foster national unity and live in harmony with others; to respect the rights, freedoms and legitimate interests of others, and generally to refrain from doing acts detrimental to the welfare of other persons. To co-operate with lawful agencies in the maintenance of law and order.”
Read the full statement from the NPC here
Defence and National Security Ministers to appear before parliament today over Kintampo clash
The Ministers of Defence and National Security are expected to appear before the Defence and Interior Committee of Parliament on Thursday, November 23, to provide a briefing on actions being taken by the government to forestall a clash between the Mo and Wangara tribes in the Kintampo North municipality.
This comes on the back of a summons by the Speaker of Parliament, Alban Bagbin.
According to the Member of Parliament for the area, Joseph Kwame Kumah, tensions were high when the Mo tribe requested to perform rituals within the months of November and December, coinciding with the annual Klubi festival of the Wangara community.
In response to calls for a ceasefire by the MP, the Speaker directed that the government must take immediate steps to ensure peaceful coexistence.
“As the first authorities to come to this house to brief the committee on Defense and Interior, this is an urgent matter that should be handled with dispatch. I think Thursday should be okay for the two ministers and their commanders to appear before the committee early tomorrow morning by 9 am to brief the committee. It is an urgent matter.”
“The National Security Council through their regional office should immediately intervene because the chieftaincy institution is one of the cornerstones of the peace and security of our country, and we hold that institution dearly. We will do everything to prevent that institution from falling into disarray,” he stated.
Watch how Quick Credit staff violently raided restaurant over ‘unpaid loan’
Some staff of a popular loan company, Quick Credit Ghana, stormed a local restaurant to recover a loan sum.
Videos available to GhanaWeb and shared on social media showed over half a dozen male workers in violent exchanges with the staff at the restaurant said to be located at Laterbiokoshie, a suburb of Accra.
According to a person videoing the encounter, the staff had forced their way into the facility, packed up the furniture and succeeded in locking up the place before leaving.
The video, shot in the evening, however, did not show any affected customers nor did it show any casualties.
The company has yet to issue an official statement on the development. GhanaWeb is also trying to reach out to the affected businesses.
Watch the video below:
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