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    We need IMF bailout in March or economy will crash – Ofori-Atta to pensioners

    Idris Elba adds Ghana to the list of African countries he wants to partner with

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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

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    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

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    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

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ECG must comply with load shedding time table-GCCI

bycitibusinessnews
September 23, 2014
in Local Economy, Top Stories
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The Ghana Chamber of Commerce and Industry (GCCI) is demanding that the Electricity Company of Ghana (ECG) complies fully with its load shedding time table to allow for programmed production. Industries in the last two weeks have expressed concerns with the rise in production cost following the current power crisis.

According to the Chamber it members can plan effectively despite the power crisis if the ECG adheres to the load shedding time table.

Speaking to Citi Business News the Chief Executive Officer of the Chamber Mark Badu – Aboagye says the chamber has asked its members to make alternative arrangements to prevent the negative impact on productivity if the load shedding does not end as proposed.

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“We are happy that the time table is out now but what we will ask for is that the ECG sticks according to what they have provided us, so as to ensure that the cost to industry is barely minimized. “

We have also asked our members to make alternative arrangements for power in case the problem is not solved within the time frame provided. It’s becoming increasingly expensive and difficult to do business in Ghana because industry does not have stable or constant supply of power.

 

By:  Norvan Acquah – Hayford/citifmonline.com/Ghana

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