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Govt clears GH¢2.63bn legacy owed ECG
The Minister of Energy, John Peter Amewu says the government has cleared the GH¢2.63 billion legacy debts owed the Electricity Company of Ghana (ECG).
Addressing a press briefing in Accra yesterday, he said, as at December last year, the government had paid the full amount of electricity bills and currently had a credit balance of GH¢500 million with the power distributor.
In order to remain current on bills expected to be paid by the government since assuming power, he said an annual payment of GH¢2 billion was made to the ECG from 2017.
“As of December 2016, when the National Democratic Congress (NDC) left office, the bill owed ECG by the government at that time was GH¢2.63 billion.
On assumption of office, the New Patriotic Party (NPP) ensured that it was current on all the bills incurred during its tenure, from 2017 to date. On the average, President Akufo-Addo has paid GH¢2 billion annually to cover its bills with the ECG,” he added.
With an average electricity bill payment of GH¢100 million per month, the Minister explained that the GH¢500 million credit balance would cover government’s electricity bill from January to April this year.
Additionally, he said unreconciled additional payment of GH¢4.14 billion by government to fuel suppliers of power producers, which were yet to be credited to government would position the country toward addressing financial challenges crippling the sector.
In this regard, the Energy Sector Reform Programme designed to improve the sector, Mr Amewu noted, has been approved by cabinet to ensure a reliable and effective electricity company in the country.
President Nana Akufo-Addo, in his sixth address to the nation, announced government’s decision to absorb the electricity bills of consumers as part of measures to mitigate the impact of the coronavirus disease on Ghanaians.
He said as part of the measures, government would fully absorb the electricity bills for people who consumed zero to 50 kw/h of electricity for the periods of April, May and June.
He added further that, for residential and commercial users, government would absorb 50 per of the electricity bills using March 2020 as benchmark.
The decision, he said, was to support industry, enterprises and the service sector, as well as provide some relief to households for lost income.
Ghana’s confirmed cases of the disease is presently 5,918 with 31 deaths and 1,754 recoveries.
As it stands, the country’s active cases are 4,128 with five persons in critical and moderately ill conditions at the various treatment centres.
BY CLAUDE NYARKO ADAMS
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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.
