News hotlines: 08111813019, 08025868561
Ghana stabilizes electricity using Nigerian gas, begins export to Cote d’Ivoire
Following the strategic turnaround of its power supply system, after about four years of supply crisis resolved by sealing gas supply deal with Nigeria, Ghana this month, began power export to her neighbours, Cote d’Ivoire.
However, the Ghanaian Vice President who was in Nigeria recently begged the federal government to double gas supply to Ghana as it prepares to extend services to other countries.
According to the Minister of Information, Mr Mustapha Abdul-Hamid, the feat is coming barely seven months of President Nana Addo Dankwa Akufo-Addo led administration.
The minister told Ghana News Agency on Thursday that “The power situation is very stable in our country, we use to import power from Cote d’Ivoire to supplement what we produced in Ghana, today we’re exporting power back to Cote d’Ivoire again just seven months in government”.
“Without power there is no way the industries can operate because power is what powers industries.
According to him, the government had good intentions, zeal and commitment to resuscitate the economy and would get the economic fundamentals right to enhance the industrialisation drive.
Explaining more during the signing of a Memorandum of Understanding (MoU) between Government and The Business Year magazine, the Minister averred that the government, during the 2016 General Elections, campaigned on the Agenda of Change to transform the national economy from consumption to production base while, the exportation of raw materials would be enhanced with exporting of value-added products including power.
Explaining more on other ‘Change mantra’ coming in the course of the administration, Abdul-Hamid said “Our entire programme is anchored on industrialization”.
He said the government would roll out the paperless port from September this year, to make the country’s port operations efficient and competitive.
He said, Government had reduced the inflation rate from 15 per cent to about 12 per cent, cut-down government expenditure and stabilised other macro-economic indicators.
While stressing that “This government is committed to its programme of ensuring that the country industrialise and accelerate job creation,” he revealed that the government’s flagship programme of One District, One Factory initiative, will today (Friday), August 25, be launched by the President at Ekumfi in the Central Region, to kick-start the programme.