The Africa Centre for Energy Policy (ACEP) is in support of government’s plan to sell a majority of its stake in the Volta River Authority (VRA). Speaking to Citi News, the Executive Director of ACEP, Ben Boakye said this, specifically the sale of the thermal component of VRA will improve efficiency and accountability. “We have held … Read more
It is emerging that copies of the GHS3.5 million Dodi Princess Boat contract signed between Volta River Authority (VRA) and Onur Makina, a Turkish based Marine Engineering firm in 2013 for the latter to construct a 176-seater pleasure boat for use by Akosombo Hotels Limited (AHL) a subsidiary of VRA cannot be traced. Officials of … Read more
The $510million power deal between AMERI Energy and the Government of Ghana (GoG) was “clean” and also helped to solve the prevailing power crisis (dumsor) at the time, former Communication Minister Dr Edward Omane Boamah has said, further refuting claims that it was overpriced by $150million. In Dr Omane Boamah’s view, the overpricing allegation, which … Read more
Government has cleared off GH¢588 million out of the whopping GH¢2.4 billion Ghana legacy debts. The amount is part of the monies owed by the Volta River Authority (VRA) to local banks and its suppliers. The cleared GH¢588m according to Graphic.com report, was paid in three installments of an initial deposit of GH¢250 million and … Read more
A former Communications Minister Dr Edward Omane Boamah wants the Trade Union Congress (TUC) and Ghanaians to fight against government’s decision of listing both GRIDCO and the VRA on the Ghana stock exchange (GSE). According to him, the move being considered on the two major entities in the energy sector by government will frustrate the … Read more
Financial Analyst Sydney Casely Hayford has shot down an idea by the Akufo-Addo government to list the Ghana Grid company (GRIDCo) and the Volta River Authority (VRA) on the Ghana stock exchange in coming days. The President, Nana Addo Dankwa Akufo-Addo during the State of the Nation Address in Parliament on Tuesday lamented that he … Read more
The General Secretary of the Industrial and Commercial Workers Union (ICU), Mr Solomon Kotei, has lauded plans by the government to list the Volta River Authority (VRA) and the Ghana Grid Company Limited (GRIDCo) on the stock exchange. Such a move, he indicated, would help people have a fair idea of the status of the … Read more
Former Petroleum Minister, Emmanuel Armah Kofi Buah, says he fears the Volta River Authority (VRA) and the Ghana Grid Company Limited (GRIDCo) may end up being privatised, following government’s intention to explore ways of listing the power utilities on the local bourse as part of a national electricity master plan. President Nana Addo Dankwa Akufo-Addo … Read more
A policy analyst at the Integrated Social Development Center (ISODEC), Dr. Steve Manteaw, has backed government’s plans to list the Volta River Authority (VRA) and the Ghana Grid Company Limited (GRIDCO) on the Ghana Stock Exchange (GSE). Speaking on the Morning Starr Wednesday, Dr. Manteaw said the move would ensure corporate transparency and accountability. “I agree with government … Read more
A policy analyst at the Integrated Social Development Center (ISODEC), Dr. Steve Manteaw, has backed government’s plans to list the Volta River Authority (VRA) and the Ghana Grid Company Limited (GRIDCO) on the Ghana Stock Exchange (GSE). Speaking on the Morning Starr Wednesday, Dr. Manteaw said the move would ensure corporate transparency and accountability. “I … Read more
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 … Read more
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 … Read more
Ghana’s energy sector does not generate enough revenue to effectively deliver its mandate, Minister nominee for Energy and Petroleum, Boakye Agyarko has said. Speaking during his vetting at Parliament House on Monday, Mr. Boakye Agyarko said: “The energy sector we find now is seriously cash-strapped to the extent that we now live in a debt … Read more
Ghana 98MW away from a return of load-shedding – ACEP The Africa Centre for Energy Policy (ACEP) has stressed Ghana’s power supply situation is in a “fragile state” despite assurances from the Volta River Authority (VRA). Head of policy at ACEP Dr Ishmael Ackah told Joy News on Monday that all that stands between a return to the … Read more
Power outages, popularly known as dumsor, are imminent in the coming days as the power sector is on the verge of losing 600 megawatts (MW) of generation by February 3, 2017 due to a complex web of financial obligations and other challenges confronting the national generator, the Volta River Authority (VRA). The power supply deficit … Read more
Energy experts in Ghana’s north have asserted that it is the responsibility of women to remain awake – after everyone else has said goodnight – to ensure that all gadgets not needed overnight are unplugged to save power. The authorities cast the spotlight of domestic upkeep of power on women on the basis that wives … Read more
The Public Interest and Accountability Committee (PIAC) has asked government push the Volta River Authority (VRA) to pay more than $306 million it owes the Ghana National Gas Company (GNGC). The Committee warns in its latest report that the debts could hit unimaginable limits if the power producer does not move to clear it. The … Read more
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 … Read more
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 … Read more
The Minority is asking Parliament to suspend a new agreement brought before the House for the repowering of the Aboadze T3 power plant by AMERI. The 138 million dollar agreement if approved will see the provision of four gas turbine engines in Takoradi to boost the capacity of the T3 plant. Meanwhile, the minority believes relevant … Read more