Audio Attachment:Listen to Nana Addo on the Energy sector |
President Nana Akufo-Addo has said the Mahama administration left behind a heavily indebted energy sector which needs fixing.
“The attempts by the previous government to resolve the dumsor crisis have led to a gargantuan debt overhang in the sector,” Nana Akufo-Addo told parliament on Tuesday, 21 February in his first state of the nation address.
“We have inherited a heavily indebted energy sector, with the net debt reaching $2.4 billion as of December 2016,” the president said, adding: “I have to point out the alarming fact that $800 million of this debt is owed to local banks, which threatens their stability.”
“Huge indebtedness of the energy sector constitutes the single major hurdle to Ghanaians enjoying reliable and affordable electricity supply
“The cost of energy destroys businesses large and small. It destroys jobs. It compounds poverty. The current state of the energy situation in our country is unsatisfactory,” he said.
As part of fixing the problem, the president said his government has begun “to develop a national electricity masterplan, which will also explore the benefits of listing VRA and GRIDCO on the Stock Exchange.”
“My government will enforce the procurement law. We will insist on open and competitive bidding for power capacity procurement.”
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Papa sly thank you, you said it all. Mr. president fix it waiii and dont complain. Still waiting for the $1 million one district one factory in my region.
but where is Bawumia?
Is it necessary to echo what past government has left behind without factoring in the benefit that accrue to the injection of the money into the sector? If the sector is not work is another issue altogether. As far as the parts and components used to operate this sector is imported we cannot shy away from being indebted Mr. President. Solve it as promised.
What sensible thing did u write in ur unthinkable comment.... is it his child for him to use his own money to solve it. grow up wai
....use your own money to solve it....its was being resolved and you claim you can do it better.4years is just around the corner and we will kick you and your N.P.P out.You claim you know the true state of the economy.............there you are.the campaign period is over.Stop campaigning and work.
Use your own VOICE & spill it out loud & clear. Don't let the media type it.
ADVICE TO GHANA MEDIA! Folks hate your LIES. Hence let Ghanaians hear Akuffo Addo use his own voice to complain about the bad state of the ECONOMY. You folks are full of lies when you translate simple English Language.