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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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Ghana to locally refine its gold starting October 2025 – Sammy Gyamfi
The Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, has announced that plans are far advanced for the establishment of a state-owned gold refinery in the country.
Speaking at the 2025 Minerals and Mining Convention, Mr Gyamfi said the refinery will process locally mined gold into bullion instead of exporting it in its raw state.
According to him, it is unacceptable that Ghana, despite being a leading gold producer in Africa, continues to export raw gold known as dore.
He explained that the Gold Board, working with the Bank of Ghana and local refineries, will from October 2025 begin refining gold locally.
He also disclosed that an ultramodern assay laboratory will be built to ensure international standards in testing gold quality.
Mr Gyamfi noted that the refinery will be wholly state-owned and will help Ghana move away from raw mineral exports to value addition.
This, he said, will boost foreign exchange earnings, create jobs, and position Ghana as a hub for gold refining and jewellery production in Africa.
The CEO stressed that the project forms part of government’s strategy to ensure the country benefits fully from its natural resources and to transform the mining sector into a driver of economic growth.
By: Jacob Aggrey
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There is strength in diversity; let’s live in peace – Zanetor Rawlings urges Ghanaians
Member of Parliament for Korle Klottey, Dr. Zanetor Agyeman-Rawlings, has urged Ghanaians, especially the youth, to value the peace the country enjoys and to see diversity as a source of strength.
Speaking at the National Youth Conference held at the Pentecost Convention Centre under the theme “Igniting Potential; Inspiring Change”, she warned against being lured into conflicts and divisions fueled by reckless statements from politicians, traditional leaders, religious figures, or academics.
According to her, many young people have no idea what it means to live in a country torn apart by war, and therefore must not take Ghana’s peace for granted.
She stressed that the harmony among different ethnic and regional groups should be protected at all costs, since it is peace that allows citizens to gather freely and safely.
Dr. Zanetor said Ghana’s development depends on embracing diversity and working together.
She urged the youth to tap into this strength so that Ghana would continue to shine as the “Black Star” of Africa and serve as an example for other nations.
She expressed appreciation to the participants for attending the conference and asked for God’s blessings on the country.
By: Jacob Aggrey
