• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, October 8, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Government didn’t heed to advise on GPGC deal- Benjamin Boakye

Stephen M.Cby Stephen M.C
June 28, 2021
Reading Time: 3 mins read
Stephen M.Cby Stephen M.C
in Extractives/Energy
0
Government didn’t heed to advise on GPGC deal- Benjamin Boakye

Benjamin Boakye, Executive Director for African Centre for Energy Policy (ACEP)

Mr. Benjamin Boakye, Executive Director for African Centre for Energy Policy (ACEP), has intimated that government did not take expert advice in resolving the power generation issue in the country which resulted in the Ghana Power Generation Company (GPGC) contract.

Speaking in an interview,;he said government was advised to take its time in fixing the power generation problem by declaring a load shedding schedule to enable them plan to tackle the action but it did not happen.

Mr. Boakye said experts also hinted that the then government was signing too much PPAs which was going to in turn affect the country financially, but was also not heeded to which has unfortunately happened.

RelatedPosts

Uganda’s $4B Oil Refinery Signals Regional Energy Shift 

Asante Gold Reports Strong Exploration Results at Bibiani and Chirano Mines 

Over 70 Investors Show Interest in Ghana’s Petroleum Hub Project – PHDC CEO 

His comments come following the current $170m judgement debt government is facing as a result of the termination of the GPGC contract.

DJI 0137 Retouch 300
Ghana Power Generation Company site

Mr. Boakye said at the time the nation was facing issues of power generation,;different solutions were proposed to bring on power generation for the nation’s power generating system and that resulted to the GPGC contract.

“As experts in the space, we were also careful to appreciate how we were resolving the problem. I remember we were very active in the space at the time trying to raise alarm for government to be cautious on how it resolved the problem.”

Benjamin Boakye
Some energy institutions are to blame

However, he apportioned blame on some energy institutions which were part of the committee to have proposed the solutions to end the power cuts which he claims has rather resulted in a difficult situation.

“Institutions like Energy Commission,;they are suppose to plan our energy system and to show how much we need at that time and proffer solutions. But where were they when we were signing the excess capacity? You can be around and be idle and turn around to be the apostles of prescribing what should be done.”

Benjamin Boakye
Gov’t should allow energy institutions deal with purchases

He further suggested that government should step back and;allow agencies established overtime to deal with such power purchases and agreement. He added that,;if these institutions start to regulate,;the state has to step back and rather bring about policies and leave the business aspect to these institutions.

“That is what we have failed to do and so we have contracts being signed by the Ministries. So, the policy institutions have become procurement institutions and that is the bigger challenge. Ministers are always signing contracts instead of engineering policies.

“Institutes such as the PURC, Energy Commission, GRIDCo amongst others,;that is the reason why we set up these institutions to provide the space for regulation to be efficient and effective. You can’t have these institutions regulating government and that is why it’s not working.”

Benjamin Boakye

In February 2015,;the Ghana Power Generation Company (GPGC) entered into negotiations with the Government of Ghana for the provision of a fast-track power generation solution.

This was to see the relocation of the GPGC Equipment from Italy to Ghana,;to alleviate the effects of Ghana’s then-ongoing power shortage crisis.

However, the contract was terminated in 2017 and GPGC pressed legal charges against government over the termination basis.

Read Also: Ghana receives US$12.5 billion in FDI flows from 2016-2020- UNCTAD
Tags: ACEPEnergyEnergy CommissionEnergy/ExtractivesGhana NewsGPGC
Please login to join discussion
Previous Post

There are criminal sanctions attached to keeping a will of a late testator- Kweku Paintsil

Next Post

GSE Trades Flat as Trading Activity Dips for the Second-Time Running to Close the Week

[mc4wp_form id="1264"]

Related Posts

Dolly Parton’s Manager Denies Health Decline as Fans worry
Entertainment

Dolly Parton’s Manager Denies Health Decline as Fans worry

October 8, 2025
Hon. Dr. Abdul-Rashid Pelpuo
General News

Government Assures Unpaid Nurses and Teachers of Salary Settlement

October 8, 2025
Daniel Yaw Domelovo
General News

Public Servants Equally Corrupt as Politicians – Domelovo Demands all-round Public Sector Overhaul

October 8, 2025
Eritrea, TPLF Accused Of Colluding To Attack Ethiopia
Africa

Eritrea, TPLF Accused Of Colluding To Attack Ethiopia

October 8, 2025
Uganda’s $4B Oil Refinery
Extractives/Energy

Uganda’s $4B Oil Refinery Signals Regional Energy Shift 

October 8, 2025
Abubakar Mohammed Aminu, Conflict, Security, and Human Rights Activist.
Opinions

Democracy Under Siege: Trust, Governance, and Human Needs in the 21st Century 

October 8, 2025
Dolly Parton’s Manager Denies Health Decline as Fans worry
Entertainment

Dolly Parton’s Manager Denies Health Decline as Fans worry

by Esther Korantemaa OffeiOctober 8, 2025
Hon. Dr. Abdul-Rashid Pelpuo
General News

Government Assures Unpaid Nurses and Teachers of Salary Settlement

by Silas Kafui AssemOctober 8, 2025
Daniel Yaw Domelovo
General News

Public Servants Equally Corrupt as Politicians – Domelovo Demands all-round Public Sector Overhaul

by Evans Junior OwuOctober 8, 2025
Eritrea, TPLF Accused Of Colluding To Attack Ethiopia
Africa

Eritrea, TPLF Accused Of Colluding To Attack Ethiopia

by Comfort AmpomaaOctober 8, 2025
Uganda’s $4B Oil Refinery
Extractives/Energy

Uganda’s $4B Oil Refinery Signals Regional Energy Shift 

by Prince AgyapongOctober 8, 2025
Abubakar Mohammed Aminu, Conflict, Security, and Human Rights Activist.
Opinions

Democracy Under Siege: Trust, Governance, and Human Needs in the 21st Century 

by Evans Junior OwuOctober 8, 2025
Dolly Parton’s Manager Denies Health Decline as Fans worry
Hon. Dr. Abdul-Rashid Pelpuo
Daniel Yaw Domelovo
Eritrea, TPLF Accused Of Colluding To Attack Ethiopia
Uganda’s $4B Oil Refinery
Abubakar Mohammed Aminu, Conflict, Security, and Human Rights Activist.
[/vc_row_inner]

Recent News

  • Dolly Parton’s Manager Denies Health Decline as Fans worry
  • Government Assures Unpaid Nurses and Teachers of Salary Settlement
  • Public Servants Equally Corrupt as Politicians – Domelovo Demands all-round Public Sector Overhaul
  • Eritrea, TPLF Accused Of Colluding To Attack Ethiopia
  • Uganda’s $4B Oil Refinery Signals Regional Energy Shift 
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.