Audio By Carbonatix
A renowned economist, Mr Kwame Pianim has asked Ghanaians to support the proposed increases in utility tariffs to enable service providers render efficient and quality service to the nation.
He said the unwillingness of consumers to pay realistic tariffs was gradually killing the utility companies, particularly the Volta River Authority and the Electricity Company of Ghana.
Speaking at the second day of a two-day “Opportunities Conference 2010” organized by Forethought, he said policy makers would have to educate the public to appreciate the need for seemingly harsh but prudent policies to avoid the wanton demonstrations and bickering that tend to work against the implementation of good policies.
Ghana’s power suppliers, the Volta River Authority, Ghana Grid Company (GRIDCO) and the Electricity Company of Ghana are together demanding and justifying over 100 per cent tariff increment to meet their current production cost.
Mr pianim, who is the former chairman of the Public Utility and Regulatory Commission, said if we fail to tackle low tariffs situation now, we cannot avoid paying deficit in future.
He opined that constant supply of water, electricity, and provision of infrastructure like roads would also facilitate investor inflow into the country. “Let’s remove the cobwebs that hinders development” he charged.
He said tariff increases would discourage the misuse of power as is currently the case. He argued that it was better for one to get constant supply of power and determine how to use it than to pay low bills for poor services.
Mr Alexander Mensah Mould Ag. Chief Executive of the National Petroleum Authority called on the government to privatize the Tema Oil Refinery (TOR).
He also urged the government to desist from determining petroleum prices and allow the Oil Marketing Companies (OMCs) to do that.
But the Chairman of the National Petroleum Authority, Mr Alex Mould, emphasized that government must ensure that the OMCs comply with policies and laid down regulations.
Story by Isaac Essel/Myjoyonline.com/Ghana
Mr Alexander Mensah Mould Ag. Chief Executive of the National Petroleum Authority called on the government to privatize the Tema Oil Refinery (TOR).
He also urged the government to desist from determining petroleum prices and allow the Oil Marketing Companies (OMCs) to do that.
But the Chairman of the National Petroleum Authority, Mr Alex Mould, emphasized that government must ensure that the OMCs comply with policies and laid down regulations.
Story by Isaac Essel/Myjoyonline.com/Ghana DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Nationalising mines will not automatically increase state revenue — Mineral Economist
2 minutes -
Bond market: Trading activities surged by 70% to GH¢689.63m
6 minutes -
President Mahama pledges infrastructure overhaul for Sawla
9 minutes -
Doyina gets new Police District Headquarters to strengthen security
11 minutes -
Engine failure, poor maintenance caused Tema aircraft crash that killed 2 brothers — AIB Ghana
13 minutes -
Ghana must take strategic approach to increasing state participation in mining — Dr Owusu-Sarkodie
19 minutes -
Ghana’s music is going global, but who’s preserving the story?
29 minutes -
Ghana’s extractive sector needs clearer, stronger policies — Ayi-Owoo
30 minutes -
Boga Ali Hashim features Bisa Kdei on new single ‘Susuka’
37 minutes -
Ghana must tie industrialisation targets to mining contracts — Ayi Owoo
47 minutes -
Ghana not getting enough public finance returns from mining sector – Dr Adu Owusu Sarkodie
49 minutes -
GoldBod announces renewal process for gold trading licences
51 minutes -
Multinational mining firms pay higher royalties despite lower output — Ken Ashigbey
60 minutes -
Ghana cannot exploit mineral wealth alone without foreign investment — Ken Ashigbey
1 hour -
Ghana holds vast untapped gold reserves — Ken Ashigbey
1 hour