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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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    Akufo-Addo worried over impact of fertiliser shortage on poultry industry

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    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    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

    NPA allays fears of fuel scarcity in the country

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    Ho Node Hub rebrands as Node Eight

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    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

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    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

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    Implement strategies to sustain increased consumer preference for digital payments – Bawumia

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Dumsor must stay in the past – President Akufo Addo

bycitibusinessnews
January 11, 2017
in Government, Local Economy, Oil And Gas, Top Stories
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President Nana Akufo-Addo has charged the Minister nominee for the Energy Ministry, Boakye Agyarko, to work to avert dumsor permanently.

According to the President, Mr. Ayarko’s major challenge upon approval by Parliament, would be to prevent a power crisis.

“What he has to do is to assure the Ghanaian people that dumsor is going to be a thing permanently of the past, so that its head may not rear up again especially in Akufo Addo’s as President,” Mr. Akufo-Addo remarked.

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The intermittent load shedding regime that plagued the country for about four years, impacted hugely on the economy leading to massive job losses and a drop in economic growth targets.

The lack of adequate financing to ensure constant supply of gas, irregular crude supply from Nigeria over varied reasons plus the shutting down of some power generation plants were among the reasons cited for the prolonged power challenge.

Already, the Industrial and Commercial Workers’ Union (ICU) has threatened of another bout of job layoffs in 2017 first quarter should load shedding recur.

It follows cautions from civil societies like the Africa Centre for Energy Policy (ACEP) that gas insecurity beckons in the first quarter of this year hence, a failure to address that issue would be dire for the economy.

But announcing the nomination of Mr. Agyarko as the Energy Minister, President Nana Addo was optimistic Mr. Agyarko’s experience would reflect in developing the energy sector.

“Mr. Agyarko was president of a very important American bank, the Bank of New York and there had the exposure to important financial transactions in the area of energy. When it is in the area of establishing power plants across the world, in financing them, exploration, in petroleum and he has a very broad in the energy sector,”

“I think that to have somebody at the head of the energy sector who is also very particular about figures and we have heard about contracts that have generated a great deal of controversy in the energy sector he is going to be a very important for us,” the President said.

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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