Audio By Carbonatix
This Saturday on Newsfile, host Samson Lardy Anyenini and his panelists will discuss the looming power crisis announced by the Minister for Energy and Green Transition, John Jinapor.
The Minister has raised concerns over a potential nationwide power crisis, revealing that Ghana currently has less than three days' worth of liquid fuel to power its electricity-generating plants.
Appearing before the Parliamentary Committee on Energy, John Jinapor disclosed that Ghana urgently needs billions of cedis to procure liquid fuel in order to keep the power plants operational. He warned that without immediate funding, the country risks a nationwide power shutdown.
According to the Minister, Ghana owes over $1.7 billion to Independent Power Producers (IPPs), and an urgent $1.1 billion is needed to secure enough liquid fuel for power generation. He further stated that Karpower, one of Ghana’s major power producers, has threatened to shut down its operations if the government fails to settle its outstanding debts.
Earlier this week, the depreciation of Ghana's cedi has demonstrated remarkable strength by appreciating well against the US dollar. In a brief but firm statement, GUTA appealed to the trading community to reflect the currency gains in their pricing.
Despite the cedi's appreciation, many traders have been hesitant to reduce prices, citing concerns about the sustainability of the currency's gains.
The Ministry of Trade, Agribusiness and Industry and trade associations have agreed to effect a significant reduction in prices of finished goods in the next two months if the cedi continues its good run against the US dollar and other major foreign currencies.
Also this week, Sammy Gyamfi, the acting CEO of the Ghana Gold Board (GoldBod), sparked public outrage after gifting an undisclosed sum of U.S. dollars to Evangelist Nana Agradaa. The gesture, seen by many as inappropriate given current economic challenges, triggered a wave of criticism, though he apologised for his actions.
He was subsequently summoned by the Chief of Staff but the presidency later said no further actions ought to be taken against Sammy Gyamfi beyond apology and caution.
The show will explore whether these actions signal real progress or are short-term responses to growing concerns.
Tune in to Newsfile this Saturday as the panel breaks down these critical national issues with insight and clarity.
Newsfile airs live on the JoyNews channel on digital satellite channels 421 on DSTV and 144 on GoTV, and streams on JoyNews’ Facebook or YouTube channels on Saturdays from 9 am to noon.
Viewers can also follow the discussion by tuning in to Joy 99.7 FM or Luv 99.5 FM on the radio or stream the discussion live on either Google or Apple Podcasts.
Newsfile is your most authoritative news analysis programme.
Latest Stories
-
Inter beat Parma to clinch Serie A title
11 minutes -
Kumasi Ridge faces temporary outages as ECG begins transformer upgrade from May 6th to 9th
12 minutes -
Concern for jailed Iranian Nobel laureate Narges Mohammadi as brother fears she is dying
12 minutes -
Kenya battles to stop the ‘goons and guns’ as fears of political violence grow
22 minutes -
Two US service members reported missing in Morocco, officials say
22 minutes -
Shakira thrills a crowd of 2 million with free concert on Brazil’s Copacabana beach
25 minutes -
Police officer lowered into crocodile-infested river to recover human remains
31 minutes -
Musk’s AI told me people were coming to kill me. I grabbed a hammer and prepared for war
35 minutes -
Barca eye historic El Clásico truimph after Real Madrid win
40 minutes -
Slot’s VAR fury but loss highlights Liverpool issues
51 minutes -
Eddie Howe set to stay in charge of Newcastle after summit
1 hour -
Beijing 2027: Ghana Athletics vows to solve concerns raised by 4x100m relay team after qualification
1 hour -
Barcelona beat Bayern to reach Women’s Champions League final
1 hour -
Blue Skies urges media to highlight responsible businesses on World Press Freedom Day
1 hour -
Sinner wins in Madrid to set Masters title record
1 hour