Skip to main content

Power outage and the politics

Editorial

Energy is one the critical components needed for the development of any country. Yet, the politics of power outages in this country is an interesting one. It is a subject which politicians love flaunting about especially on the campaign platform to the dismay of the gentlemen who are in the thick of affairs and appreciate the real challenges of this country with regards to energy generation and distribution.

Politicians love garnishing the electricity raps with promises bordering more on utopian dreams than realism. One could easily remember the campaign promises of both the two major political parties in the country. Where one was promising energy for all in the near future, the other was wrongfully, though intentional, blaming the current challenge on an external factor which the country or authority has no control over. We were also told that by the end of December last year, power outage or load shedding would have been a thing of the past, but what do we see?

The campaign season is over and cheap and baseless platform talk has given way to realism. It is now obvious that power outages will not go away anytime soon, that is the reality and Ghanaians will have to brace themselves for the discomfort ahead.
Whereas the Energy Ministry claimed a countrywide power supply restoration would be achieved in a few days time, the VRA was more sincere steering clear of politically-coated timeline promises. As they rightly put it, the machinery for generation and distributions are old and needs replacement, while other transformers which have been overloaded also need new installations. The bottom line is both the VRA and ECG need more money to embark on grave transformation of their machinery.
Sincerity in managing nationwide challenges is the way to go. Ghanaians need to know what the challenges are so they do not make uninformed comments whenever the power goes off. Interestingly some do not even know the difference between faults and load shedding.

The periodic and intermittent reference to the crude oil supply as being the main source of the shortfall is only part of the challenge.
The CEO of the VRA, Kweku Awortwi, was more forthcoming with the remote causes of the challenges of power generation in the country than the politicians in the control room of governance as well as those in opposition ready to pounce on any little opportunity.

The $400 million government and ECG indebtedness to the VRA is enough challenge to stifle power generation in the country, yet it is something we love ignoring than tackling as a nation. Why are the MMDAs unwilling to pay their debts?
Until we decouple platform political talk from realism, serious businesses such as power generation and supply, power outages will remain a characteristic of the face of this nation

Comments

Popular posts from this blog

MTN Ghana & MTN MoMo CEOs win laurels at Ghana CEO Awards

  The Chief Executive Officer of MTN Ghana, Selorm Adadevoh ,   has been adjudged  CEO of the Year  –  Telecom  at the  2 nd  edition of the  Ghana CEO  Vision  and  Awards   held  in Accra. At the same event, the CEO of Mobile Money Limited (MTN MoMo), Shaibu Haruna was also adjudged CEO of the Year – FinTech Service Provider. Selorm  Adadevoh’s award  is in recognition  of  his   achievements   in the areas of   sustainability, leadership excellence, innovation and others  in the telecoms space  which  has contributed to  job creation to support the  growth of Ghana’s economy. Patrick Afari (r), General Manager, Supply Chain Management and General Services receiving CEO of the Year – Telecom Award on behalf of Selorm Adadevoh Receiving the award on behalf of Selorm, Patrick Afari, General Manager, Supply Chain Management and General Services ,  expressed appreciation to the organizers for the award. He  noted that  th e  award will go a long way to inspire MTN to do more for Ghanaian

EB-ACCION DISBURSES US$15 MILLION

By Fred SARPONG Ecobank-Accion (EB-Accion), a partnership between Ecobank Ghana Limited and Accion International has disbursed amount to the tune of $15 million to over 36,000 borrowers in Micro, Small and Medium Enterprises (MSMEs) sector in the country, since the institution was set up barely six months ago. Frances Adu-Mantey, the Managing Director of EB-Accion disclosed this to Business Week in Accra last week during the official opening of Accion Hub headquarters in Africa. The institution’s current portfolio stands at GH¢4 million. She stated that currently, EB-Accion have over 6100 customers who save with them throughout the four branches of the institution. According to her, in order to improve the services of the institution, Ecobank Share Services center will facilitate the technology aspect of the bank by networking all the branches of EB-Accion. Maria Otero, President and Chief Executive Officer of Accion International said that the center’s staff in Accra will provide supp

Amantin & Kasei Community Bank posts impressive growth, with over GH¢1m profit

 Amantin and Kasei Community Bank, at Amantin in the Bono East Region has posted impressive growth in all the performance indicators during 2022 financial year under review. The bank recorded profit after tax of GH¢1,055,662, representing 35.66% more over the 2021 figure of GH¢778.151. This achievement stemmed out of 49.24% gross income growth from GH¢8,143,526 to GH¢12,153,537. Total deposits of the bank went up by 36.20%, changing from GH¢50,959,848 in 2021 to GH¢69,405,591 in 2022. The bank increased loans and advances by 22.15% from GH¢14,128,017 to GH¢17,257,614. Total assets showed an appreciation of 29.32%, amounting to GH¢77,918,288 as against GH¢60,250,693 in the previous year. On the other hand, the bank posted a marginal increase in short term investments portfolio from GH¢24,439,761 to GH¢26,585,698, indicating 8.78% change. The Chairman of Board of Directors, Amantin and Kasei Community Bank, Dr. John Oduro-Boateng, disclosed this during the 18th annual general meeting of