Founder and the 2016 presidential candidate of the Progressive People’s Party (PPP), Dr Papa Kwesi Nduom has blamed the Chairperson of the Electoral Commission, Madam Charlotte Osei for his poor performance in the 2016 election.
In the 2016 elections, Dr. Nduom had 106,092 votes representing 0.99% of the total votes cast.
Speaking at the 4th National Convention of the party held at the New GNAT Hall in Bolgatanga in the Upper East Region, Dr Nduom said “to Charlotte Osei and others at the Electoral Commission, I say we will never forget your failed attempt to take away our freedom and our right to participate in the 2016 election...Yes you succeeded in sabotaging our campaign but in the end, we still stand tall. Never again should you dare to circumvent the laws that put you in office...”
PPP is not Nduom’s property
Dr Nduom who founded the PPP in 2012 after falling out with the Convention People’s Party (CPP), says he is taking on a new role of encouraging young ones in the party.
According to him, “I am now part of the older generation. My task now is to encourage, support and educate our young progressives to come to the front line of our party. The PPP is not Nduom’s property. It is our party. Now it is there for you the young people to make it great and successful.”
Source: Peacefmonline.com
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Are you being a citizen or a spectator. Hope you benefited from the loot. In whose interest are you commenting on the article, the state of you?
IT IS QUIETE REFERESHING TO KNOW THAT PROFIT ON ANY MAJOR PROJECT IS SIMPLY NOT JUST CALCULATED BY DEDUCTING INVESTMENT COST (USD 360MILLION) PAID AT INCEPTION OF A PROJECT FROM THE EXPECTED INFLOWS (USD 510MILLION) WHICH IS SPREAD OVER FIVE YEARS TO ARRIVED AT A WHOPPING PROFIT OF usd 150 MILLION AS TOUTED BY AN HOUNARABLE K.T HAMMOND. THIS IS A LAME ARGUMENT FROM THE HONOURABLE MEMBER WITHOUT FACTORING IN OTHER IMPORTANT VARIABLES, COST OF CAPITAL FOR THE PROJECT, INVESTMENT RISK, DEVELOPER’S MARGIN. FIRST, THE INITIAL COST OF THE PROJECT USD 360 MILLION WAS SECURRED BY THE DEVELOPER (AMERI). GOING BY CURRENT COUPON RATE OF 9% OF SECURING A BOND FOR THE PROJECT, GHANA WILL NOW BE PAYING USD 450 MILLION FOR THE NEXT FIVE YEARS JUST ONLY TO BREAK EVEN (PAYBACK)OR PAYING BACK THE LOAN OR BOND. HOWEVER, A PRIVATE DEVOLOPER WILL CONSIDER AND FACTOR IN HIS MARGIN, RISKS OF SINKING USD 360 MILLION IN A THIRD WORLD COUNTRY AND RETURN ON INVESTMENT. AMERI TARIFF AS IT STANDS NOW IS 14 CENT PER KILOWAT. SIMILAR AND CHEAPER THAN OTHER THERMAL PLANTS EG(CENIT PLANT) IN THE INDUSTRY AND FAR CHEAPER THAN RENEWABLE SOURCES IN THE NEIGHBOURHOOD OF 20 CENT PER KWH. IT IS APPROPRIATE TO FURNISH THE PUBLIC WITH TARIFFS OF OTHER PLAYERS OPERATING THERMAL FOR THE PUBLIC TO JUDGE.THE ARGUMENT IS SIMPLE. AN INVESTOR TOOK A RISK AND EARNING FAIRLY WHAT IS DUE HIM. GRANTED THE ARGUMENT OF K.T. HAMMOND IS CORRECT. THAT IS AMERI IS EARNING SUPER PROFIT BY INVESTING 360 MILLION AND EARNING 150MILLION IN 5 YEARS. IT MUST BE NOTED THAT, GOVERNMENT OF GHANA DID NOT INVEST A PESEWA INTO THIS PROJECT. THE DEVELOPER IS BEING PAID FOR FROM THE POWER SOLD. ALL CUSTOMERS ARE PAYING FOR THE COST OF THE PROJECT,RISK AND RETURN ON INVESTMENT AT GOING COMPETIVE TARIFF(14 CENT). IN 5 YEARS, GOVERNMENT OF GHANA WILL NOW INHERIT THE AMERI PLANT WHICH MAY NOW VALUE IN THE NEIGHBOURHOOD OF USD 250 MILLION TAKING NOTE OF DEPRECIATION. COMAPRING SUPPOSED PROFIT OF AMERI 150 MILLION AND GOVERNTMENT INHERITING A PLANT OF 250 MILLION FOR ZERO PESEWA INVESTMENT. WHO IS NOW MAKING SUPER PROFIT? THE VERDICT IS THERE FOR ANY FAIR MINDED GHANAIAN TO KNOW? UNLIKE KARPOWER, ASOGLI, CENIT PLANTS ETC, THE PLANTS WILL REVERT TO OWNER WHICH CAN BE SOLD IN THE INDUSTRY.
as for that woman charlote the least talk about her the better. she was poised to stael for ndc and it did not work shame on her n
Dr Paa Kwesi Nduom, please let our ears rest. You've stood as Presidential candidate for CPP and PPP on three (3) occasions without success and yet turn round to accuse the system of cheating you. Surprise you are never satisfied with the outcome of any election you have taken part. I hope you will be satisfied if you set up your kingdom outside the borders of Ghana; probably on the Atlantic Ocean.
Are you sure PPP is not your property, Kwesi Nduom? Even if you are not going I am sure the next flagbearer will be your son or one of your chosen successors. You determine everything that happen in PPP so it is your personal property despite your public denial. If you were not looking for a party you can manipulate like your personal property you would not have left the CPP to form PPP.