JA NEX

JAN 2012 JA Template

Studio line: 0031 70 7370507

 

Studio line: 0031 70 7370507

Tuesday, 24 January 2017 15:46

I’ll improve financial management to end ‘dumsor’ – Agyarko Featured

Written by 
Rate this item
(1 Vote)

 

 

 

Ghana’s Energy Minister-nominee, Boakye Agyarko has attributed the incessant power cuts popularly known as ‘dumsor’ in the country to poor financial management and structuring as well as inadequate fuel to power the country’s existing plants.

According to him, the country has the human resources with technical ideas to address the power situation, however, it has failed to properly manage its finances in the sector.

Mr Agyarko made the assertion when he appeared before Parliament’s Appointments committee on Monday [January 24] to be vetted for the ministerial office.

“Dumsor is not a function of installed capacity. Dumsor is a function of your ability to procure sufficient feed or crude, or gas to power the plants. Dumsor can also be a situation where power plants particularly, thermal plants because of money are not undergoing their regular cycle of maintenance so they go past their firing hours, it reduces efficiency and hence they start having problems. The power plants at aboadze are having that kind of problems,” Mr Agyarko said.

He said an Energy Ministry under his leadership will improve the financial management and structuring of the energy sector to end the country’s energy woes, assuring that the government will move the country from the current state of erratic power supply to an “ideal state of uninterrupted power delivery”.

“We believe that we are moving from dumsor to a steady state of power supply to the ideal state of uninterrupted power delivery. The problem of dumsor in our estimation is not a technical problem. We have some of the best brains and technical people in our energy sector in Africa. The problem with dumsor is principally, one of money. The energy sector we find now is seriously cash-strapped to the extent that we now live in a debt merry go round.”

“In trying to end dumsor, we have to improve the financial management and structuring within the energy sector and that is what I commit to do,” he added.

Ghana has in the last decade suffered severe power crisis. Successive governments have failed to adequately address the challenge that has crippled many industries and led to the collapse of some.
Energy sector stuck in ‘merry go round debt’
Mr Agyarko at the vetting stated that the country’s energy sector does not generate enough revenue to effectively deliver its mandate, Minister nominee for Energy and Petroleum, Boakye Agyarko has said.

According to him, “the energy sector we find now is seriously cash-strapped to the extent that we now live in a debt merry go round.”

He added that, the energy sector lacks the resources to ensure regular maintenance that will enhance power supply.

Source: citifmonline / Jonas Nyabor

 

 

 

Read 6941 times

1412 comments

  • Comment Link Arthurrof Monday, 02 April 2018 17:52 posted by Arthurrof

    notice viagra 50mg
    viagra pills 100 mg
    viagra tesco price
    viagra tablets
    where can i buy viagra online yahoo
    viagra for sale uk only
    buying viagra online legal australia
    viagra online sales
    generic viagra online canadian pharmacy

    Report
  • Comment Link Keri Monday, 02 April 2018 08:50 posted by Keri

    speedy cash payday loans online
    trusted payday loans online
    get online loan fast
    payday loans las vegas

    Report
  • Comment Link Erik Monday, 02 April 2018 07:06 posted by Erik

    loan cash
    trusted payday loans online
    online payday loans tx
    loans online no credit check

    Report
  • Comment Link Ted Monday, 02 April 2018 03:08 posted by Ted

    payday lender fees
    small personal loans fast
    trusted payday loans online
    payday personal loan

    Report
  • Comment Link Jamesbuddy Monday, 02 April 2018 03:05 posted by Jamesbuddy

    pharmacy rx one
    useful link canadian drugs online
    canada pharmacy online viagra
    cheap viagra online canada pharmacy lowest prescription prices
    generic viagra

    Report
  • Comment Link Selena Sunday, 01 April 2018 23:53 posted by Selena

    payday loans online no credit check
    best online loans instant approval
    online loans
    loans online only

    Report
  • Comment Link Dane Sunday, 01 April 2018 22:40 posted by Dane

    online payday loans tx
    payday loans in az
    loans online instant
    payday loans in az

    Report
  • Comment Link WilliamMycle Sunday, 01 April 2018 22:32 posted by WilliamMycle

    cialis sale london
    cialis generic
    buy cialis online generic
    generic cialis online without script
    cialis cheap generic
    buy cialis
    buy cialis canada online
    buy cialis
    brand cialis for sale

    Report
  • Comment Link Dominique Sunday, 01 April 2018 21:54 posted by Dominique

    payday loans bad credit
    payday loans online bad credit
    loans online application
    speedy cash payday loans online

    Report
  • Comment Link Donaldovany Sunday, 01 April 2018 21:46 posted by Donaldovany

    where to buy cialis online no prescription
    buy generic cialis
    what color are cialis pills
    generic cialis online pharmacy
    cheapest place to buy generic cialis
    cheap cialis
    purchase cheap cialis soft tabs
    cialis
    buy brand cialis online no prescription

    Report

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.