Audio By Carbonatix
The Ranking Member on Parliament’s Mines and Energy Committee, John Abdulai Jinapor has predicted doom for the economy should the incumbent government fail to address the recent energy challenges.
According to him, the “struggling” state of the economy owing to Covid-19 indicates that the Akufo-Addo government cannot afford to be hit by another crisis.
“The impact of yet another energy crisis can have dire consequences on the already struggling debt ridden, Covid-19 economy under President Akufo-Addo,” he said.
Addressing the press Wednesday, on the recent erratic and unreliable power experienced in major parts of the country, Mr Jinapor revealed that despite several assurances from Energy Minister, Matthew Opoku Prempeh to tackle the issue, matters on the ground prove otherwise.
The “obnoxious double-track system which has been exported to the power sector” he says is evidence of government’s inability to resolve the challenge.
He, therefore, presented a ten-point recommendation drafted by the Minority to help the incumbent administration address the energy sector challenges.
He pointed government’s interference in the energy sector management as a challenge, hence advised government to refrain from engaging in political appointments especially within middle management levels when vacancies are declared.
Also, the former Deputy Energy Minister entreated government to inject the needed capital into the power sector and cut down on wasteful expenditure.
Still on financing, he added: “The Ministry of Energy must conduct a comprehensive reconciliation of the total indebtedness of all players including government and its SOEs including (GNPC, GNGC, VRA, GRIDCo, CENIT, ECG, NEDCo) in a transparent manner.
“The Ministry of Finance must take steps to utilize the $1 billion sovereign bond borrowed in 2020 to address the financial challenges of the Energy sector.
"Government must ensure that Energy sector SOEs Publish details of their financial statements including details and ageing of their indebtedness as well as debts owed to them on time."
Latest Stories
-
Edem steals the show at African Senior Athletics Championships opening ceremony
5 minutes -
Sammy Rasta pushes for DopeNation’s ‘Kakalika’ to feature at FIFA World Cup 2026
9 minutes -
Hemang youth hunt for man accused of defiling teenage boys after police bail
12 minutes -
Mayor of Californian city resigns over Chinese agent charge
12 minutes -
UK Prime Minister Keir Starmer grapples with leadership crisis amid growing calls to quit
16 minutes -
Drone strikes account for 80% of civilian deaths in Sudan war, UN says
25 minutes -
Accra-Kumasi N6 highway won’t be abandoned for new expressway – Roads Minister
29 minutes -
Vincent Assafuah accuses Sports Minister of interfering in Ghana Swimming Association affairs
32 minutes -
Baba Jamal donates GH¢5,000 each to victims of Nima Market fire
50 minutes -
France seeks to move beyond colonial ties by meeting African leaders in Kenya
1 hour -
Ibrahim Mahama gifts Xenophobia victim GH¢200,000, pledges to set him up as a distributor in construction supplies
1 hour -
Redevelopment of Dambai: Krachi East MCE opens up access roads
2 hours -
No sign of larger hantavirus outbreak, says UN health agency
2 hours -
Texas accuses Netflix of spying on users, including children
2 hours -
Hopeson Adorye commends Value for Money Office as strengthening accountability in public spending
2 hours