Nana Addo Dankwa Akufo-Addo performed well in his maiden State of the Nation Address to parliament on Tuesday February 21, former President Jerry John Rawlings has said.
He told Paul Adom-Otchere, host of Good Evening Ghana on Metro TV, in a brief interview a few hours after the president’s address that: “I thought he did quite well.”
President Nana Akufo-Addo in the address mentioned, among other things, that his government would be listing state power producer Volta River Authority (VRA) and transmitter GRIDCo on the Exchange is to be explored as part of measures towards fixing the energy sector and clearing its “heavy indebtedness”.
Additionally, the president said his government had begun to develop a national electricity master plan, which will also explore the benefits of listing VRA and GRIDCo on the Stock Exchange.
According to him, his predecessor John Mahama left behind a heavily indebted energy sector.
“The attempts by the previous government to resolve the ‘dumsor’ crisis have led to a gargantuan debt overhang in the sector,” Nana Akufo-Addo said.
“We have inherited a heavily indebted energy sector, with the net debt reaching $2.4billion as of December 2016,” the president said, adding: “I have to point out the alarming fact that $800 million of this debt is owed to local banks, which threatens their stability.
“Huge indebtedness of the energy sector constitutes the single major hurdle to Ghanaians enjoying reliable and affordable electricity supply
“The cost of energy destroys businesses, large and small. It destroys jobs. It compounds poverty. The current state of the energy situation in our country is unsatisfactory,” he said.
“My government will enforce the procurement law. We will insist on open and competitive bidding for power capacity procurement.”
Source: classfmonline.com
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DEMENTIA SONA
Koliko as you call your name is no doubt that there's no scense in your koliko head and you will die out of jealousy bcos the incorruptible man you said can NOT BE PREZ is ruling now and forever.ndc jealousy go shaaaaaame!
Maybe Nana need to make Rawlings the senior minister and send Osarfo Marfo to the vice presidency. It will be a perfect , match for wee smoking. NDC should give the party to Rawlings so he can merge with Nana's NPP. The good people of NDC can carve out a new party, after all no well thinking NDC member will follow Rawlings who has become Nana Ado tro tro mate.
They smoke the weed with ur parents wai, u are tooo phoooolishh
Rawlings and nana addo are partners in wweed smoking
PAPA J IS CONFUSED. FULL STOP.
Where was Mahama? Was he not invited?
The battle is still the Lord's, we trust Nana to deliver. Show boy do ur work. Papa J, some NDC C gurus says he said nothing oo so i wonder if they listened but didnt understand it well since that is their hallmark