JA NEX

JAN 2012 JA Template

 

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
(0 votes)

 

 

 

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 2254 times

273 comments

  • Comment Link WilliamLar Sunday, 19 November 2017 05:11 posted by WilliamLar

    buy viagra oman
    viagra without doctor
    viagra sale in new zealand
    viagra without doctor
    se necesita receta medica para comprar viagra en mexico

    Report
  • Comment Link Marthalounk Sunday, 19 November 2017 04:46 posted by Marthalounk

    online slots win real money usa
    blackjack online zdarma
    new online slots 2016
    online slots house edge

    Report
  • Comment Link JosephBop Sunday, 19 November 2017 04:44 posted by JosephBop

    buying viagra in cancun
    viagra without prescription
    buy generic viagra cialis
    viagra without a prescription
    order viagra generic

    Report
  • Comment Link WilliamLar Sunday, 19 November 2017 04:17 posted by WilliamLar

    online viagra dangers
    viagra without a prescription
    what should i say to the doctor to get viagra
    viagra without doctor prescription
    anti viagra pills

    Report
  • Comment Link JosephBop Sunday, 19 November 2017 02:46 posted by JosephBop

    buy viagra tesco
    viagra without a doctor's prescription
    will viagra available generic
    viagra without a prescription
    compare viagra price

    Report
  • Comment Link Herbertrah Saturday, 18 November 2017 23:44 posted by Herbertrah

    can you buy viagra online in australia
    viagra without a doctor's prescription
    viagra generika kaufen deutschland
    viagra without a doctor's prescription
    sildenafil 50 mg para eyaculacion precoz

    Report
  • Comment Link Richardorina Saturday, 18 November 2017 17:59 posted by Richardorina

    boots chemist viagra sales
    viagra without doctor prescription
    sildenafil citrate 130 mg
    viagra without a prescription
    cheap viagra china

    Report
  • Comment Link DavidFus Saturday, 18 November 2017 16:01 posted by DavidFus

    buy viagra online no prescriptions
    viagra without a prescription
    viagra online kaufen holland
    viagra without an rx
    viagra for sale in the uk

    Report
  • Comment Link DavidFus Saturday, 18 November 2017 15:12 posted by DavidFus

    can buy viagra tesco
    viagra without a doctor
    mail order viagra generic
    viagra without prescription
    where to get viagra in auckland

    Report
  • Comment Link DavidFus Saturday, 18 November 2017 14:01 posted by DavidFus

    can you really get viagra online
    viagra without a prescription
    donde puedo comprar viagra femenino
    viagra without script
    sildenafil tablets 100 mg perfopil-100

    Report

Leave a comment

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