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PRESIDENT INTERVENTION TO WITHDRAW THE AMERI NOTATION AND AMENDMENT AGREEMENT IS EXEMPLARY AND LAUDABLE


The Executive Director of Africa Centre for Energy Policy (ACEP)Mr.  Benjamin Boakye made it cleared that, "ACEP has taken note of the decision of the President to withdraw the Ameri Notation and Amendment Agreement that was laid before parliament.

This decision is a significant contribution to the Democratic - practice of the country, showing that governance can be a shared responsibility between leaders and the led".

For us at the centre ,we work without negative energies targeted at individuals and political parties, rather we work in defense of the common interest of the larger society".

Furthermore, "The problem of the power sector today could have been averted if Ghana government had been this proactive and sober to reject it's own decisions when the evidence in the public space showed that value for money in the power sector was not a priority during the power crisis, particularly between 2014 and 2015 when many of the generation plants were procured".

Again, "today the cost of excess capacity of the power sector to the country is more than $200 million a year. This will grow in excess of $600 million by 2020 if drastic measures are not taken to cancel, renegotiate or defer some of the projects that are pending".

In light of this reality, we monitor how the renegotiations are done  to ensure that they rather lessen the economic burden on Ghanaians. We acknowledge that government, through the Ministry Of Energy, has already cancelled some of the power purchase Agreements (PPA)  which  would have deepened the woes of the country through unwarranted payment.

Nevertheless, the power sector still remains major risk t Ghana's economic progress because of excess capacity which incidentally are also too expensive to encourage local demand growth or for export".

Mr.  Benjamin Boakye concluded, We are therefore by the decision of government to withdraw the agreement, encouraged to continue to support the governance process to ensure that the power sector does not derail Ghana's economic prospects. We will submit a full picture of the threats in the sector to the President in the coming day with proposed solutions".

Source | www.omytv.net | Kofi Dwumah

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