NickTheGreat

I know who I am

[NickTheGreat @nicagbo]

@AndrewBolis ‘Money’

[NickTheGreat @nicagbo]

@ChuksEmma947401 I am interested

[NickTheGreat @nicagbo]

@heygurisingh CLAUDE

[NickTheGreat @nicagbo]

@Manu_Sisti 30

[NickTheGreat @nicagbo]

@Joy997FM Mental slavery.

[NickTheGreat @nicagbo]

@FelixKwakyeOfo1 @gyaigyimii Excellent!!!

[NickTheGreat @nicagbo]

@FANELONMUS85433 (3*3) * 2 =18

[NickTheGreat @nicagbo]

@Mishi_2210 1050

[NickTheGreat @nicagbo]

@ohhanxiety 48

[NickTheGreat @nicagbo]

@Joy997FM Road infrastructure

[NickTheGreat @nicagbo]

@A_kinola02 Both

[NickTheGreat @nicagbo]

@kwakuasanteb Great move

[NickTheGreat @nicagbo]

@barkervogues The name of the schools is mission schools, NOT secular schools. If you don’t agree with their beliefs systems, don’t apply to go there.

[NickTheGreat @nicagbo]

@HubertBaid80747 That’s what is called smartness. Abolish nuisance taxes which amounts to nothing and impose taxes that can rake in substantial revenues. Governance is a serious business 👩‍💼

[NickTheGreat @nicagbo]

@gyaigyimii Smart and progressive move to solve Dumsor permanently

[NickTheGreat @nicagbo]

@lordcudjoe @benboakye @BBSimons How can an educated man like Franklin Cudjoe talk like this. Who told you levies on consumption of petroleum products is equal to e-levy which is actually pickpocketing your hard earned money. Please, stop deceiving the public.

[NickTheGreat @nicagbo]

@FelixKwakyeOfo1 Good to hear the President explain this levy in details. Fuel prices are still cheaper even after the imposition of the 1 cedi levy. Dumsor will be a thing of the past. Good governance!!!

[Felix Kwakye Ofosu @FelixKwakyeOfo1]

President Mahama has this to say on the ESLA increase.

"..growing energy sector liabilities constitute the greatest existential threat to
fiscal consolidation and macro-economic stability. Our energy sector carries a debt burden of
over US$3.1 billion, with an estimated US$1.8 billion more required to finance fuel
procurement for uninterrupted thermal power generation in the coming months.

If left
unaddressed, this situation significantly threatens national productivity and industrial growth.

While we have devised a strategy to liquidate this debt and staunch the bleeding in the power
sector, we must take advantage of recent gains created by appreciation in the value of our
currency to accelerate the solution to our energy sector challenges.

....Parliament yesterday approved an amendment
to the Energy Sector Levies Act under a certificate of urgency, introducing a GH¢1 increase
in the Energy Sector Recovery Levy. This decision, though difficult, is necessary and
justifiable.

The additional revenue—projected at GH¢5.7 billion annually—will be strictly ring-fenced to
pay down legacy energy debts, finance ongoing fuel purchases, and avert the risk of recurring
power shortages.

Funds from this levy will not be subject to the hazards of the consolidated
fund. It will be regularly audited and the audit reports made public to ensure its transparent
use.

While initially much of this revenue would go into purchase of fuel to ensure stable supply of
electricity, with the ongoing developments in the upstream sector, we expect to receive more
gas from our ENI Sankofa and Jubilee and Ten fields.

With also the assurance of additional
gas through the WAGP, we expect to substantially reduce the use of liquid fuels in our energy
mix.

At that stage the resources generated by the increased levy will be channeled to pay
down accumulated legacy debts in the power sector.

With the recent gains in macro stability and the strengthening of the Ghana cedi, this levy is
not expected to result in immediate fuel price increases at the pump.

We are fully aware of
the burden this will place on households and businesses, but I want to assure Ghanaians that
this decision was not taken lightly.

Furthermore, the government will continue working to reduce systemic inefficiencies in energy
procurement and distribution while enhancing targeted social interventions for vulnerable
populations".

[NickTheGreat @nicagbo]

@KojoForex Simple maths to understand. If you don’t understand, go back to elementary school to learn simple arithmetic

[NickTheGreat @nicagbo]

@wildlock_smith @_MusicFreakgh @KojoForex Whatever the price may be, I just used the 11 cedis per liter to explain the levy to him. The prices per liter of petroleum products have reduced from around 16 cedis to 13 cedis per liters making a savings of 3 cedis on average.