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Thursday 28 March 2024

2021-03-19

[B] ARB Apex Bank admitted to Ghana-Sweden Chamber of Commerce

2021-03-17

[B] NDPC holds consultation medium term framework for 2022-2025 in Oti
[B] More investments recorded in Western Region despite COVID-19
[B] Budget cuts for legislature, judiciary won’t be entertained – Speaker

2021-03-16

[B] Pursue demands through negotiation, arbitration – Telcos told
[B] Don’t approve new fuel levies – COPEC to MPs
[B] There’s no justification for newly proposed petroleum taxes – Wereko-Brobby

2021-03-15

[B] Ghana prepares to issue $5 billion Eurobond
[B] There’ll be ‘bitter hardship’ for Ghanaians because of 2021 budget – Forson

2021-03-14

[B] 2021 budget designed to lift Ghana out of challenges imposed by COVID – Alan
[B] I’ll support Agyapa deal 2,000% – MP Egyapa Mercer
[B] Notorious Wa thieves transporting pregnant goats involved in accident
[B] Ghana risks losing €258m earmarked for the 2nd phase of Kejetia market
[B] FDA calls on media to help flush out unregistered products from market
[B] Govt provides Ghs 42.8 million in operations and payroll support to STC et al

2021-03-13

[B] Gov’t introduces 10pesewas ‘borla’ tax to clean Ghana
[B] NLA to bring back Live Draws for 5/90 Lotto
[B] Minister gives Kejetia traders final warning ahead of demolition
[B] Domelevo lands top international job after forced retirement
[B] Trotros and Taxis to enjoy free income tax, hotels and restaurants to get 30%

2021-03-12

[B] AfCFTA expected to significantly promote peace and security
[B] 2021 Budget will ensure recovery and macroeconomic stability
[B] We’ll soon provide food items to schools – Buffer Stock Company
[B] Osei Kyei-Mensah-Bonsu appointed ‘caretaker Finance Minister’
[B] 2021 Budget: Ghana Employers' Association expects pragmatic initiatives

2021-03-11

[B] Corruption is not fought alone or quietly – Domelevo
[B] Nana Addo’s anti-corruption credibility is in tatters – Gyimah-Boadi
[B] Agyapa deal should be considered dead on arrival in Parliament – John Jinapor

2021-03-10

[B] UMB Signs agreement with NARMG to provide special loans to midwives
[B] Ghana will experience economic rebound in 2021—President Akufo-Addo
[B] Price of iced sachet water now 30p
[B] All national ID numbers to become tax numbers from April - President Akufo-Addo
[B] Government will engage Parliament about Agyapa deal – Akufo-Addo

2021-03-09

[B] Stop 'examining' foodstuffs before buying them – market women to buyers
[B] Ghanaians to use COVID-19 Vaccination App to book appointment
[B] GRIDCo Explains Sunday's Nationwide Power Shutdown

2021-03-08

[B] Cement price goes up
[B] Village Savings and Loans scheme empowering rural women in Adansi north
[B] Technology is key to speeding up the global gender equality agenda- NBSSI Boss

2021-03-07

[B] Ghana for 3 years was described as one of fastest growing economies - Akufo-Addo
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Business

[ 2017-05-08 ]

Transparent power deals to reinstate World Bank guarantees – Analyst - See more
Energy sector analysts want the government to be
firm in adopting competitive bidding processes in
power purchase agreements (PPAs) in order to
regain financial guarantee support from the World
Bank.

The Director of Research at the Institute of
Energy and Climate Change Policy, Dr. Philip Adom
warns of unfavourable developments in the energy
sector should the World Bank deny its support
entirely.

“The World Bank suspending the support does not
mean they have out rightly decided to withdraw the
support.

Probably they are observing this current
government and the reviews it conducts and how
they are going to iron out the issues,” he
observed. The Analyst further opined, “Obviously
these are monies that are coming into the energy
sector so if there should be any withdrawal,
it’s going to affect our energy sector.”

The Country Director for the World Bank for
Ghana, Liberia and Sierra Leone, Henry Kerali told
Citi Business News the Bank withdrew its
guarantees for PPAs in 2016 upon realizing that
the country had signed more than agreements
required.

At the time, the government had signed unto 12
power purchase agreements.

With the coming in of the new government,the
country is said to have signed agreements with
about 40 power producers which has led to excess
supply over demand.

The move has since raised a lot of concerns among
industry players who believe Ghana’s excess
power should have been sold out to neighbouring
countries but for the relative high cost compared
to others within the sub-region.

But Dr. Philip Adom believes Ghana could renew its
confidence should government open up the bidding
processes.

The World Bank should rescind the decision if we
are able to do our homework well and make sure
that those PPAs that we have engaged in that
actually did not give value for money, we make
sure we try to do away with such issues and ensure
that there is sanity in the system.”

Source - citibsinessnews.com



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