Tag: vra
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Listing GRIDCo on stock market: Managers discredit Kwabena Donkor’s claims
Managers of the Ghana Stock Exchange (GSE) have discredited claims by former Power Minister, Dr. Kwabena Donkor indicating his pessimism of the prospects of listing the Ghana Grid Company Limited (GRIDCo) on the stock exchange. According to the Managing Director of the GSE, Kofi Yamoah, the decision is a laudable one and should be supported…
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Stock market managers welcome the listing of VRA, GRIDCo
The Managers of the Ghana Stock Exchange (GSE), have welcomed government’s decision to list the VRA and the Ghana Grid Company Limited (GRIDCO) on the stock market. They contend that the move will support the growth of the market while deepening the efficiency of the two institutions. As a result, the Managing Director of the…
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Power supply will stabilise from today – Energy Minister
Energy Minister, Boakye Agyarko has assured consumers of stable power supply effective today evening. The assurance follows what he says is the completion of works for the interconnection between the Tweneboa, Enyera, Ntomme (TEN) fields and the Jubilee Field for gas exportation to the Ghana Gas Company. According to the Minister, the intermittent power cuts…
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Listing VRA & GRIDCO: Analysts urge due diligence
Some analysts in the energy sector have cautioned of long term costs to government should it rush through the process to list the Volta River Authority (VRA) and the Ghana Grid Company Limited (GRIDCO) on the Ghana Stock Exchange (GSE). Though they contend of the benefits in restructuring the operations of the institutions, the analysts…
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VRA, GRIDCo to be listed on the GSE – Nana Addo
The Volta River Authority (VRA) and the Ghana Grid Company Limited (GRIDCo) would be listed on the Ghana Stock Exchange as a means of strengthening Ghana’s power sector. This is the indication from the President, Nana Addo Danquah Akufo Addo. According to him his administration is considering the decision to list the two institutions to…
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Emmanuel Antwi-Darkwa replaces Kirk Koffi as VRA CEO
President Nana Addo Danquah Akufo-Adoo has appointed Emmanuel Antwi -Darkwa as caretaker Chief Executive Officer (CEO) of the Volta River Authority (VRA). He takes over from Engineer Kirk Koffi who served the company as its CEO since 2013. A circular signed by the Deputy Chief Executive for VRA, Richmond Evans Appiah and copied to staff…
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We’ll reduce energy sector levies – Boakye Agyarko
The Energy Minister Nominee for Energy, Boakye Agyarko has announced an ambitious plan by the NPP government to reduce the taxes on the energy sector even as it initiates plans to address challenges facing the country’s power sector. As a result, the government says it will revise the energy sector levies. Mr. Agyarko who believes…
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ICU warns of massive layoffs over gas insecurity in 2017
The Industrial and Commercial Workers’ Union (ICU) has cautioned of another bout of redundancy in the economy due to uncertainties of a stable power sector early this year. They argue that industry cannot support any increases in operational costs should the situation recur. “Obviously we are even going to see some redundancies again, obviously we…
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Gas shortfall won’t result in ‘dumsor’ – Power Ministry
The Ministry of Power is convinced that a possible cut in gas supply in the country won’t adversely affect the production of electricity. According to the Deputy Minister of Power, John Jinapor, the country’s power producers can rely on crude oil to power the various power plants to adequately serve the energy needs of Ghanaians…
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VRA workers renew protests against ‘takeover’ of assets
Staff of the Volta River Authority (VRA) have resumed activities to protest against allegations of a takeover of some properties of the Authority. It follows what the workers say is a breach of contract by the management of the VRA in the processes of protecting the assets of the authority. A statement issued by the…