• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, May 30, 2023
  • 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

IES calls for assistance from government to ECG and GRIDCo

April 15, 2021
Stephen KotochiebyStephen Kotochie
in Extractives/Energy
0
IES calls for assistance from government to ECG and GRIDCo

Research analyst at IES Fritz Moses

The Institute of Energy Securities (IES) has called on government to assist the Electricity Company of Ghana (ECG) and Ghana Grid Company (GRIDCo).

Speaking in an interview, Research Analyst at the Institute, Fritz Moses, urged the government to support these two power service providers in order to help solve the current power situation in the country.

According to him, the two major challenges causing the power situation in the country are the lack of finance and maintenance, which both ECG and GRIDCo can only solve with government’s support.

RelatedPosts

TotalEnergies Secures a 20-Year License Renewal for Nigerian Block

Bank of Ghana Unveils Plans To Exit From Gold-for-Oil Programme To Stabilize Economy

CSOs Coalition Express Grave Concerns Over Aker Energy’s ‘Face-Saving’ Sale of Pecan Field for $1

“There’s a need for proactive maintenance. This will fish out the necessary adjustments in the system. But this will require a huge capital;and this is why most of the time you hear us call on the government.

 “Government should come in to help these agencies because even though they are cash-strapped;with their several commercial losses and several losses in their distributions and transmitting systems,;they are not able to go out there themselves to get the adequate finances for these projects.”

Fritz Moses

He further indicated that financing is one of the most important factors influencing the current power situation;and everything the nation is facing. He also said the current situation is because these agencies and government;refused to correct some wrongs they made years back.

Moreover, Mr. Moses stated that he is certain that once the government joins forces with the power providers,;they will raise enough funds to go ahead with the maintenance works, fix the main issue and solve the power situation in the country.

316202183607 uypbsferrm john jinapor
Ranking Member on the Mines and Energy Committee in Parliament, John Jinapor
Come clean with Ghanaians

Also voicing out his thoughts on the current power situation, Ranking Member on the Mines and Energy Committee in Parliament, John Jinapor has asked government to come clean about the challenges the energy sector is facing amid the intermittent power outages the country is currently experiencing.

Mr. John Jinapor stated that recent power outages are only increasing despite government’s assurance that the energy sector is being managed well.

“Government must therefore come clean on the current power crisis as a matter of urgency;and desist from engaging in blame game. Shifting blame and providing conflicting information only goes to exacerbate the crisis;which is threatening lives and businesses across the country.”

John Jinapor

He indicated that, the current issue has affected many households and destroyed their gadgets as well. He said there have been numerous answers by GRIDCo which is not making the situation clear.

“It should be noted that since the beginning of the year, GRIDCo alone has given six different reasons;for the major national outages aside the intermittent localised blackouts.

“What is even more disturbing is despite confirmation from GRIDCo that the country will continue to experience these power outages into the foreseeable future for which reason they promised to publish a load management schedule, the schedule has been put on hold due to political pressure from the executive.”

John Jinapor

The former Deputy Energy Minister stated that government has resorted to political chicanery, denial and misinformation to explain the current crisis instead of admitting their “shortcomings and being honest with Ghanaians.”

Read Also: Finance Ministry clarifies claims of ‘Ghana’s downgrade to a low-income country’
Tags: ECGEnergy CommissionEnergy MinistryEnergy/ExtractivesGRIDCoIES

Related Posts

TotalEnergies Secures a 20-Year License Renewal for Nigerian Block
Extractives/Energy

TotalEnergies Secures a 20-Year License Renewal for Nigerian Block

May 30, 2023
Bank of Ghana Acquires GHC 3.1 billion From BoG Auction Bills at a rate of 27%.
Extractives/Energy

Bank of Ghana Unveils Plans To Exit From Gold-for-Oil Programme To Stabilize Economy

May 26, 2023
CSOs Coalition Express Grave Concerns Over Aker Energy’s ‘Face-Saving’ Sale of Pecan Field for $1
Extractives/Energy

CSOs Coalition Express Grave Concerns Over Aker Energy’s ‘Face-Saving’ Sale of Pecan Field for $1

May 27, 2023
ACEP's Director Expresses Concern Over GNPC Accused Misconduct
Extractives/Energy

ACEP’s Executive Director Perplexed Over GNPC Accused Misconduct

May 25, 2023
Gov’t Rakes in GHS843 million Taxes From Newmont in the First Quarter of 2023
Extractives/Energy

Gov’t Rakes in GHS843 million Taxes From Newmont in the First Quarter of 2023

May 27, 2023
Coalition CSOs Register their Displeasure Over Attempt by GNPC to sell 50% interest of JOHL
Extractives/Energy

Coalition of CSOs Register their Displeasure Over Attempt by GNPC to sell 50% interest of JOHL

May 27, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Soft skills are needed to impact students- Dr. Awuah

Next Post

AfDB forecasts 8.2% inflation for Ghana in 2021

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
Biden To Host UK Prime Minister For Discussions
USA

Biden To Host UK Prime Minister For Discussions

by Comfort AmpomaaMay 30, 2023
TotalEnergies Secures a 20-Year License Renewal for Nigerian Block
Extractives/Energy

TotalEnergies Secures a 20-Year License Renewal for Nigerian Block

by Stephen M.CMay 30, 2023
World Bank Describes African Economies Debt Outlook As 'Cloudy'
Finance

World Bank Describes African Economies Debt Outlook As ‘Cloudy’

by Gifty BansahMay 30, 2023
UK Government Covering Up For Boris Johnson In Covid-19 Probe
UK

UK Government Covering Up For Boris Johnson In Covid-19 Probe

by Sampson AnnorMay 30, 2023
Minority Caucus Pressures Gov’t To Transfer Jubilee Holdings to GNPC
General News

Minority Caucus Pressures Gov’t To Transfer Jubilee Holdings to GNPC

by Samuel Y. OtibuMay 30, 2023
Ghana’s Political Culture is Generally Conflictual- Dr Amakye-Boateng
General News

NPP Will Not Be Able To Break The 8- Political Scientist

by Angeller AshongMay 30, 2023
Biden To Host UK Prime Minister For Discussions
TotalEnergies Secures a 20-Year License Renewal for Nigerian Block
World Bank Describes African Economies Debt Outlook As 'Cloudy'
UK Government Covering Up For Boris Johnson In Covid-19 Probe
Minority Caucus Pressures Gov’t To Transfer Jubilee Holdings to GNPC
Ghana’s Political Culture is Generally Conflictual- Dr Amakye-Boateng
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

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 © 2021 The Vaultz News. All rights reserved.

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