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    Chamber of IPPs disappointed over ECG’s tariff increase request

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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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    BoG Governor confident inflation has peaked; expects rate to start declining

    ActionAid Ghana Appoints John Nkaw as Country Director

    BoG’s inflation targeting framework can’t reduce rise in inflation – IEA

    Monetary Policy Rate must be increased to 19% to check inflation – IEA

    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

    Seth Terkper urges Gov’t to present its policy alternative to an IMF program

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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

    NPA allays fears of fuel scarcity in the country

    Fuel prices to rise marginally in second pricing window of May – IES

    Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta

  • TECHNOLOGY

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    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

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    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

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

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

    Strict enforcement of AfCFTA regulatory framework will ensure smooth implementation of PAPSS – Bawumia 

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GRIDCo to lead low power costs drive

bycitibusinessnews
September 17, 2017
in Government, Local Economy, Oil And Gas, Top Stories
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Perhaps a key mandate of the new board of the Ghana Grid Company Limited (GRIDCo) will be to quicken the move to reduce the cost of electricity in Ghana.

This will help meet the government’s objective of making Ghana very competitive within the sub-region with regards to pricing of electricity for consumers.

In a speech to inaugurate the Board of GRIDCo, Energy Minister, Boakye Agyarko stressed,

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“One main task which is quite urgent is to see the establishment of the Wholesale Electricity Market which in my opinion will drive down tariffs and give comfort to customers and make us competitive in the sub-region through the West African Power (WAPP) system.”

According to Mr. Agyarko, GRIDCo also has the potential for additional revenue through leasing of its excess fibre optic network and maintenance agreements with the mining companies for the maintenance of their capacitors, transformers and other switchyard equipment.

whatsapp-image-2017-09-16-at-13-15-05

Ghana’s relative high cost of power has been cited as expensive which drives potential investors away.

Attempts to review the price downwards have included a revision of all Independent power purchase agreements as well as the capping of power produced by such IPPs at 10 cents per kilowatt hour.

The GRIDCo board is chaired by Mr. Kabral Blay-Amihere with members including; Mr. Jonathan Amoako-Baah Acting CEO of GRIDCo, Mr. Kenneth KwaminaThompson, Honorable Naana Eyiah as well as Nana Henry Kofi Nti.

Other members are; Madam Dzifa Amegashie, Nicholas Kwabena Smart-Yeboah, Air Vice Marshall Is Kadri and Mr. Frederick Fredua Antoh.

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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