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Releasing ‘dumsor’ timetable under current energy crisis difficult – Kofi Kapito
The Chief Executive Officer (CEO) of the Consumer Protection Agency, Kofi Kapito has stated that the current energy crisis makes it difficult for the Electricity Company of Ghana (ECG) to issue a load-shedding timetable.
Speaking on Eyewitness News with Umaru Sanda on Tuesday, April 23, Mr. Kapito said unlike previous instances where power outages stemmed primarily from generation capacity limitations, the current scenario is complicated by financial constraints, which, to him, does not necessarily require a load-shedding time table.
He explained that once the financial bit is addressed, there will be no need for a timetable.
“As we all know it is not like before when we used to build some transformers which we knew is going to take us some months and so we have to do some proper plan and then bring out a timetable,” he said.
According to him, “Unfortunately, because it is financial, it is difficult for ECG to say that they will bring a timetable simply because people are calling for it. If they bring the timetable and money becomes available, thus, they are able to pay the IPPs or they have to buy the necessary fuel for power plants, then what happens to the timetable? That I think is the challenge the ECG is facing.”
“ECG is in the business to sell you power. When ECG gets the electricity, they have no need apart from selling it to the consumer or anybody who needs it. So, when people sometimes behave as if ECG has the power and they are doing something or intentionally not distributing it, I find it a little difficult,” he stated.
The state power distributor, ECG, has come under public criticism in recent times for the disruption in the power supply, popularly referred to as ‘dumsor’ and their failure to publish a load-shedding timetable to that effect.
Source: Citinewsroom.com
Former Ghana forward Godwin Attram appointed coach of newly established U21
As the Ghana Football Association (GFA) takes steps to strengthen the developmental structures for youth football development, the Association has appointed Godwin Attram as the Head Coach of the newly established U21 national team.
This strategic decision aligns with Ghana’s Football Philosophy (DNA) launched in 2023, which aims at nurturing young talents and building a culture of excellence from grassroots level to the national stage.
Attram will be assisted by Nana Yaw Amankwah while Abdul Manaf Abubakar serves as the Physiotherapist for the team.
Godwin Attram’s illustrious career, as both a player and coach, has equipped him with a wealth of experience and knowledge, which …
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GEXIM deepens relations with US EXIM Bank
A management team of the Ghana Export – Import Bank (GEXIM) led by the Acting Chief Executive, Sylvester Mensah met with the leadership of the Export–Import Bank of the United States (US EXIM) on Wednesday April 23, 2025 in Washington DC, United States of America.
The Acting President and Chairman of US EXIM, Mr. James C. Cruse and Vice President, International Relations, Ms. Isabel Galdiz received the GEXIM delegation, which included Deputy CEO for Banking, Mr. Moses Klu Mensah and Head of International Cooperation, Mr. Jonathan Christopher Koney at the headquarters of US EXIM.
The meeting offered the GEXIM team the opportunity to share the strategic direction of the Bank in line with the resetting agenda of the President of the Republic, His Excellency John Dramani Mahama for the repositioning of the Ghanaian economy into an export-led one by providing the requisite investment to Ghanaian businesses.
Mr. James C. Cruse expressed US EXIM’s eagerness to deepen its existing relations with GEXIM and proposed the signing of a new Cooperative Framework Agreement following the expiration of a Memorandum of Understanding signed in 2019 to utilize US EXIM’s medium term loan guarantees to procure machinery by GEXIM for qualified Ghanaian Small and Medium-sized Enterprises (SMEs).
Mr.Sylvester Mensah thanked the Acting President and Chairman of US EXIM for hosting the GEXIM delegation and reaffirmed the Ghanaian government’s commitment to strengthening trade and investment between Ghana and its global partners for economic transformation of Ghana with GEXIM playing a pivotal role.
The two teams will be meeting on the sidelines of the 2025 US EXIM Annual Conference on 29th and April 30, 2025 to explore possible areas of collaboration and matching Ghanaian businesses to American companies. The meeting ended with an exchange of gifts.
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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
