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Bawumia announces plan to introduce solar-powered outboard motors to curb premix fuel issues
The Vice President and flagbearer of the NPP, Dr. Mahamudu Bawumia, has announced what he has called, a bold solution to ending the age-old problems over premix fuel for fisherfolks.
Speaking at Saltpond in the Mfantseman constituency during his on-going campaign tour of the Central Region, Dr. Bawumia said, after many attempts to deal with the issue of premix fuel for fisherfolks, including the setting up of automated dispensing machines at various landing beaches and fishing communities, which have not completely dealt with the issue, he has come up with a new. bold solution – the introduction of solar-powered outboard motors, which he stressed, will permanently address the problem.
“When we came into office, we brought premix automation. And in Mfantseman here and other places, we have pre mix automation machines. But when you look at the premix problems, we have not addressed all. We still have problems with the premix so I have been thinking a lot and discussing how we are going to solve the problem permanently,” Dr. Bawumia said.
“We need a permanent solution to this problem because every time we move, we don’t solve the problem permanently. So I have finished some discussions and by God’s grace, I believe we have a permanent solution to this problem,” Dr. Bawumia said, amidst loud cheers of endorsement.
He stressed, “I want us to move away from the dependence on premix fuel to solar power for the boats. Let’s go for solar power to power the boats. So, before the end of this year, we are going to pilot the solar power outboard motors.”
According to him, “With this, we will make the outboard motors available to the fishermen and they don’t need to buy premix anymore. Once the sun is shining, their batteries will be charging and they can go across.”
Dr. Bawumia added that once the fisherfolks get the solar powered outboard motors, there will no longer be the need to buy pre mix fuel to power outboard motors.
“We will have meetings with the fishermen on this in the next few weeks and the pilot programme will take place next month and we will start a whole new regime for fisherfolks because there is too much ‘kululu’ (fraud) in the premix matter,” he said.
“We will take them out of the way and we will give the fisherfolk outboard motors powered by solar and then we will solve the problem.”
Dr. Bawumia’s announcement attracted wild cheers from the crowd, which included members of the fishing community in Saltpond and surrounding villages.
The piloting of the solar powered outboard motors, Dr. Bawumia stated, will start most likely next month, so that the fisherfolks can be shown how it works.
News
Over GH₵80m was collected in betting tax, Amin Adam got it wrong – Finance Minister
Ghana’s Minister for Finance Ato Forson says the claim by former Finance Minister Mohammed Amin Adam that the erstwhile administration never implemented the betting tax is not factual.
Speaking at a new conference on Tuesday, March 11, shortly after the Finance Minister presented the new government’s first budget statement and abolished the e-levy, betting tax among others, the former Finance Minister said the NPP government never enforced the controversial tax on lottery and sports betting winnings.
Dr Amin Adam said it was deceptive for the NDC government to claim to abolish a tax that was never collected although the law was passed in 2023.
“Betting tax that they said they have abolished, we never collected Betting Tax. So to come and tell Ghanaians that you have abolished something that you have not implemented, is to deceive the people of Ghana.”
Responding to the claims in an interview with Evans Mensah on JoyNews’ PM Express on Tuesday night, the Finance Minister said his colleague on the other side appears not to be on top of that issue.
“I don’t think he’s on top of that matter because my checks revealed that it was implemented in the second half of 2024. And my checks also reveal that year-to-date, the government of Ghana has collected over GH₵80 million from betting tax, so I don’t know what he’s talking about. It is not the fact. The fact on the ground does not support his assertion. Clearly, the betting tax was implemented,” he insisted.
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Whoever created BoG’s GH₵53bn negative equity mess should be held responsible – Dr. Atuahene
Banking consultant Richmond Atuahene has called for accountability over the Bank of Ghana’s (BoG) GH₵53 billion negative equity, insisting that those responsible for the mess must be held accountable.
In an interview on Joy FM’s Midday News on Wednesday, March 12, he called for those responsible for breaching financial regulations to be summoned before Parliament to explain their actions.
“There was a law that stated they should not exceed a 5% fiscal financing threshold, yet they went as high as 60%. This is a clear violation, and they cannot claim ignorance. The Governor, the Minister, and those involved must be held accountable for their actions,” he asserted
His comment comes after the Finance Minister, Dr. Cassiel Ato Forson, advised BoG to explore internal cost-cutting measures instead of relying on taxpayer funds for a GH₵53 billion bailout to address its negative equity position.
Dr. Atuahene supported the Finance Minister’s stance that the government cannot afford to recapitalise the central bank at this time, given the nation’s fiscal constraints.
“Like the Minister said, you don’t create a mess and leave it for others to clean up. Whoever created this mess must take personal responsibility. When they engaged in the monetisation of fiscal deficits in 2021 and 2022, some of us warned them about the consequences, but they didn’t listen,” he stated.
Dr. Atuahene stressed that rather than relying on external funding, the Bank of Ghana should explore internal restructuring, cost-cutting, and asset sales, including a sale-leaseback arrangement on some of its properties, to raise the necessary capital.
He also highlighted the potential damage to Ghana’s international credibility if the Bank of Ghana remains in a financially distressed position.
“This affects Ghana’s credibility. BoG has correspondent relationships with the Bank of England, the Federal Reserve, and the African Development Bank. If it continues to operate in a capital-deficient state, international institutions may lose confidence in our financial system,” he warned.
Dr. Atuahene also criticised the central bank for insisting that it is “policy solvent,” arguing that capital solvency is more critical in this situation.
“You can claim policy solvency all you want, but if you are capital insolvent, it means you cannot function properly. BoG has been making losses year after year. They made losses in 2023, and they are making losses in 2024. How long will this continue?” he questioned.
Source: Myjoyonline.com
