Business – 24houreconomy

ECG’s indebtedness to IPPs reaches $1.5 billion – John Jinapor

13Mar

By anthonyayiviNo Comments

Business

ECG’s indebtedness to IPPs reaches $1.5 billion – John Jinapor

The Ranking Member of the Energy Committee of Parliament, John Jinapor, has disclosed that the Electricity Company of Ghana (ECG) is grappling with a colossal debt of $1.5 billion. According to Mr. Jinapor, this massive debt is primarily due to ECG's failure to meet its financial obligations to Independent Power Producers (IPPs) and its inability to settle bills for purchased electricity in full. Additionally, Mr. Jinapor criticised ECG for what he sees as wasteful spending on items like cables, malfunctioning meters, and what he considers unnecessary contracts. Pointing to a report from the Public Utilities Regulatory Commission (PURC) that he has reviewed, Mr. Jinapor highlighted instances where ECG allegedly mismanaged funds, diverting significant sums away from debt repayment...

Lack of processing facilities leading to waste of 900k metric tones of cashew fruits annually in Bono Region in Ghana

12Mar

By anthonyayivi1 Comment

Business

Lack of processing facilities leading to waste of 900k metric tones of cashew fruits annually in Bono Region in Ghana

The 24-hour Economy being proposed by H.E John Mahama is for jobs, jobs and more jobs. Bono Regional Minister, Justina Owusu-Banahene has called upon Ghana's development partners to contribute to the enhancement of cashew fruit and nut value chains to foster job creation and alleviate poverty. Expressing concern over the annual wastage of 889,000 metric tons of cashew fruits in the region due to the absence of processing facilities, Madam Owusu-Banahene emphasized the need for value addition initiatives to capitalize on the region's cashew production. Her appeal came during a meeting with Mrs. Harriet Thompson, the British High Commissioner, who was engaging with department heads and agencies in Sunyani to explore the economic potential of the region. Highlighting the signif...

Tried And Tested: Celebrity Beauty Products That Actually Work

6Feb

By anthonyayiviNo Comments

Business, Fashion

Tried And Tested: Celebrity Beauty Products That Actually Work

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The Automaker’s 2019 Profits Were Essentially Wiped Out

3Feb

By anthonyayiviNo Comments

Business, Politics, Science

The Automaker’s 2019 Profits Were Essentially Wiped Out

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