Nduom Is The Alternative To NDC,NPP- Dowokpor
- Infoboxdaily
- May 8, 2015
- 2 min read
Dr Papa Kwesi Nduom, 2012 Presidential Candidate of the Progressive People’s Party has debunked claims by government that the World Bank Group has released a sum of 60 million dollars for the use by the ECG and that the power crisis is virtually over.
He said it was misleading to report that billions of dollars had been committed to improve the availability of power in the country.
One of such stories, he said, was one that the World Bank Group’s Board of Executive Directors have approved a US$60 million International Development Association (IDA) credit for Ghana to improve the Electricity Company of Ghana’s (ECG) financial performance, minimise its commercial losses, and ultimately contribute to increased revenue and cash flow.
It said the credit provides additional financing to the Ghana Energy Development and Access Project (GEDAP) originally approved by the Bank Group’s Board on July 26, 2007, including US$90 million and an additional US$70 million approved on June 3, 2010.
“This gives a false impression, according to Dr Nduom that, “the money is here in Ghana and is at hand to be spent. Many media practitioners and political party people have rejoiced over this saying that power distribution problems are going away.
“Most of this new financing will be used to increase the scope and impact of ongoing activities to strengthen ECG’s billing and metering systems to improve its operational efficiency," the reports say.
But Dr Nduom posted on his facebook wall that, this is “not true.
“What this says is that the World Bank's Executive Board has approved the facility. A lot of work must be done with the attendant technical, administrative and legislative approvals before the money can be disbursed to ECG.
“ECG needs close to $1 billion to improve and renew its power distribution system plus an injection of significant management expertise. This money when it comes will help. But we must not be in a hurry to declare the power problem solved.
"Dr Nduom said Ghana needs to face the truth, “lets face it. We must know this power problem for what it is. It is big and needs clear thinking, long term solutions and a healthy dose of the truth. We must have a productive conversation on what we should do while we work on agreeing and implementing a lasting solution.
Source: Infoboxday.com
