Government needs to hold a multiple stakeholder(CSO's, Academia, Industry Experts, Minority in Parliament etc) engament to get the right things done. Maybe we need to take a cue from the 'Senchi Economic Forum'.
#Newsfile#Budget2021#BudgetDay
Agyapa deal: I think government should take the views and concerns of the minority into consideration because we now have an interesting minority in the chamber - Prof. Bokpin. #Newsfile
@KafuiDey I find it difficult to comprehend how we were able to live without any concern and witness these events unfolding before us. It makes me wonder if our behaviour was a result of timidity. ๐ค
ARISE GHANA YOUTH!!
When state-owned enterprises with a monopoly in the market are plagued by waste and mismanagement, consumers are forced to bear the brunt of high costs. This is exemplified by the electricity prices ($/KWh) in Ghana.
See graphs below 4 reg median vs ๐ฌ๐ญ and World median vs ๐ฌ๐ญ
@mytheoz@SPGMarketIntel Dr @mytheoz, please, what will be your assessment of resource nationalism risk in Gh.
Looking at the current political landscape, do you agree with @FitchRatings, and if yes (what will be the probability) and if no, why do you think they came up with this?
Good morning
1/ The @ECGghOfficial, which proposed a significant 148% increase in electricity tariffs due to currency depreciation and other reasons, has also allowed private and state-owned companies/agencies to accumulate a debt of $5.7 billion cedis on its balance sheet.
2/ This raises doubts about whether the ongoing crisis of under-recoveries from ECG and other state agencies will ever be resolved, and why taxpayers are bearing such a heavy burden. It's worth noting that in just 2020 and 2021, the Ghanaian government settled...
I am intrigued by the fact that the #UK joined (2014) the @EITIorg 7 yrs after #Ghana๐ฌ๐ญ, who joined in 2007. Nevertheless, it's worth mentioning that Ghana, being a "senior member," holds a "meaningful progress" status, whereas the UK has attained a "High" status.
3/
(GHS 6.8 billion in 2020, and cedi equivalent of $1.257 billion in 2021)."
If you're interested in learning more, take a look at @AcepPower's research paper: https://t.co/152C0EFY2D
1/
The emphasis shouldn't always be on settling outstanding debts; it's crucial to address the root causes that lead to the debt in the first place. One of the main issues in the sector is the prevalence of inefficiencies and wasteful practices, which also need attention
2/
Noted by @AcepPower in 2022..
"The power sector under-recoveries undermine the economic development of the country. For example, in 2020 and 2021, the governmentโs settlement for the energy sector
under-recoveries was over GHS 14 billion...
I wouldn't be surprised to see a less expensive version of the "Taadi Xmas Cloth" on the market soon, just as we see "low budget" kente prints arriving from China and Turkey. The fabric is most likely imported, but can we secure a trademark deal for the dress??