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GNPC-Genser energy deal must be reviewed to ensure equity – Minority
The Minority has raised concerns about the GNPC-Genser energy deal in its current form which it said is biased toward other industry players and is therefore calling for transparency in gas pricing in the country.
The Caucus through former deputy Energy Minister and Deputy Minority Leader, Emmanuel Armah-Kofi Buah called for a thorough review of the agreement.
It premised its calls for the review on factors including concerns “that the agreement combines the Gas Sales Agreement (GSA) and the Gas Transmission Agreement (GTA), which does not ensure transparency in the pricing of gas.”
“The shifting of the agreement from Ghana Gas company and the signing of the agreement by GNPC when Ghana Gas is supposed to be the gas transmission utility (NGTU). The discount given to GENSER by GNPC for the gas transmission agreement and GNPC’s inability to explain satisfactorily how this discount will be recovered,” the Minority said in a statement.
The Minority further pledged its commitment to unravelling all the flaws in the deal to get value for money.
“On behalf of the NDC minority colleagues on the joint committee of Finance and Mines and Energy, we pledge to unravel all the flaws in the agreement to guarantee value for money.
“We take this position with a firm conviction that the heart and soul of Ghana’s future lies in our energy security and all the critical issues related to it, including transparent gas pricing.”
The deal involves the provision of 50 million standard cubic feet of raw gas daily to Genser Energy.
Source: Citinewsroom.com
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Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama
President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.
Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.
He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.
“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.
President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.
He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.
He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.
“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.
Source: Myjoyonline.com
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Prophet Courage Heavens set to launch ‘Predestination’ book on March 23
Prophet Courage A. Heavens is set to launch the much-awaited book titled ‘Predestination’ on Sunday, March 23, 2025 at 5:00PM.
The launch, which is expected to impact lives, will take place at Crossgates Ministries, Flattop, off N1 Highway, opposite Angel Hauz.
The book is aimed at addressing the way people struggle to understand how free will and destiny align.
It is also aimed at providing clarity on God’s sovereignty and one’s place in His divine plan.
The various chapters of the book address various issues through scriptures and personal stories.
Committed to impacting society, part of the proceeds from the book will go into Courage Heavens Education Legacy (CHEL), an educational foundation transforming lives.
CHEL is dedicated to providing financial support and mentorship to brilliant but needy students, ensuring they have access to quality education and opportunities for a better future.
Prophet Courage Heavens is a prolific writer and previously authored Eli Eli Lama Sabachthani, a powerful book that encourages unwavering faith in times of trials.
In addition, he has written seven more prophetic and life-changing books that are yet to be published.
He is dedicated to raising the next generation for impactful ministry. As the leader of Crossgates Ministries, he nurtures believers in faith and purpose.
