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    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    Transactions to be affected by E-levy

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Court dismisses ECG interlocutory injunction case

bycitibusinessnews
November 15, 2016
in Government, Local Economy, Top Stories
Share on FacebookShare on TwitterShare on Whatsapp

An Accra High Court has dismissed an interlocutory injunction application filed against the government on its plans to cede part of the operations of the Electricity Company of Ghana (ECG) to a private company.

According to the ruling delivered by Justice Norvice Aryene, the plaintiff lacked capacity in bringing the suit to court as he failed to show how the privatization will affect him personally.

The plaintiff, Saaka Salia, who is also member of the opposition New Patriotic Party’s (NPP) communications team sued the Millennium Development Authority(MiDA), arguing that it is not fit to participate as an adviser in the concession arrangement for the ECG because its conduct breached Ghana’s laws after it authored and circulated a draft tariff methodology.

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Mr. Salia’s writ asserted that, the PURC, not MiDA is the body with exclusive mandate by law to provide guidelines for determining tariffs and levels of tariffs, and in doing so in the manner prescribed by Act 538.

But the Justice Aryene dismissed the case emphasizing that Mr. Salia lacked the capacity in bringing the suit to court as he failed to show how the privatization affected him.

MiDA described suit as incompetent 

Speaking to Citi Business News earlier, the Chief Executive Officer of MiDA,  Ing. Owura Safo described the suit as incompetent, false and lacking merit.

According to him, the allegations set in the suit were false, since MiDA has undergone all the necessary requirements and legal procedures needed to bring the Ghana Power Compact II into force.

The Power Compact II

Under the Power Compact, six projects will be implemented to address the root causes of the unavailability and unreliability of power in Ghana

The Government of Ghana signed the Ghana Power Compact with the Millennium Challenge Corporation (MCC), an independent United States government agency, on the sidelines of the US Africa Leaders’ Summit in Washington on August 5, 2014.

The Compact would provide Ghana with a grant sum of four hundred and ninety eight million, two hundred thousand United States Dollars.

–

By: Fred Tettey Djabanor/ Lawrence Segbefia/citibusinessnews.com/Ghana

 

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