JiggamanGh:


Is not enough by 2016 we plan to reach 6000.

Now let's do the math idiot. A country of 24 mil produces 3000 but u deem it not industrialized enough. A country of 170 million people produces 6000 but u deem it industrialized. Do the math. The nigerian mind I swear is poison to the health of man.

That's why your government treats you like shit.

nigeria is about 8times more populated than ghana, yet nigeria (200,000MW) requires 70times the electricity ghana (3000MW) requires. That shows how un-industrialized ghana is.

adconline:
Ghana generates 2125MW for 26mil ie 1MW for 12,235 people while Naija generates 3500MW for 170m people ie 1MW for 48,570 people. So it looks that Ghana stands a better chance of supplying electricity to Naija

do you think they can generate as much quantity nigeria wants cos I don't think nigeria will want to import just 1000MW from them.

JiggamanGh:


I see you are not only as incompetent as the monkeys you have governing but you are as stupid.

So because you need 10000 so if someone offers you 1000, you will turn it down. The nigerian mind is a good thing to waste.

this will be the last time I will quote you, your rants and whinning is getting much here. You are yet to make any meaning contribution to the issue on ground.

For 3000MW to be able to serve ghana effectively shows how un-industrialized and undeveloped ghana is. I mean 3000MW should be too small for any modern country with great industrial boost.

JiggamanGh:


You outnumber Ghana 9-1 yet you only produce 6000, but available capacity is about 4500. Shameful country

I see you are naïve when it comes to power sector, tell me why nigeria will want to import electricity from ghana when lagos alone needs close to 10000MW. Do ghanaians think at all?

JiggamanGh:


You outnumber Ghana 9-1 yet you only produce 6000.

the more reason why president mahama goofed, nigeria is looking beyond 5000megawatts. That's why I respect southafrica, you hardly see them referring to nigeria but ghana cannot do anything without making nigeria a standard. I think your country will do better the earlier you start thinking beyond nigeria.

When you hear that ghana is investing in the power sector, you will think they generate lot of thousands of megawatts, not knowing that they are yet to hit 5000MW by 2016.

KriTic24A:



Do you blame them?
Ghana knows that Nigeria is not a serious country so they too want to catch-in where they could just like China catches in from all fronts: electrical, plumbing, mechanical, different rechargable lights, flash-light phones, motorcycles even cars recently etc.
India too catches in by introducing drugs and both Keke-Marwa and Napep.
Remember Nigerians industries now relocates to that country in search of regular power supply.
So by aiming to supply energy to Nigeria is in tune with realities.

can you tell us the nigeria companies that have relocated to ghana?

CrudeGH:
I guess you modafakas will continue to live in darkness then which country will generate 200,000MW for you apes? it is a shame a country like nigeria can't produce enough electricity for its people. all of you should bow your heads in shame. do you know the amount of gas Papa God deposited in that your country? with that, nigerian should be producing electricity to supply to the whole of West africa. yet what do we see? moaners and idle talk from a bunch of unserious people with no ambition. you can't generate electricity and someone is offering to help and all you do is denigrate that country? that is the highest level of stvoidity in my opinion!

well, am through wiht you since you now wanna show us why you are a ghanaian by portraying stvpidity. Your president is intellectually dead, no wonder your economy is finished, you people make comments without proper analysis like your presido. Bye bye

A country generating 2,100MW wants to export electricity to a country that needs 200,000MW, is that not hilarious?

CrudeGH:
park well ooh. did Ghana say it was going to solve your power problems? Ghana is only offering to sell its excess electricity. And where did Ghana say it will solve your country's power problems? only a fool will refuse help, no matter how small. do you know what 2,000MW can do even in a large country like nigeria? what can of rubbish talk is this? 120 million of your people lack electricity and you are able to produce just 4,000MW and someone is ofering you 2,000MW and you say you don't want it because it will not be enough for your entire national requirement? what kind of absurd reasoning is that? na waaaaaaaaaaaaaaao

ok, ghana will probably want to export 1000MW to nigeria. Now what do you think 1000MW will do out of 200,000MW? my friend, ghana isn't capable of exporting power to nigeria. No african country is capable, not even southafrica that generates 52,000MW.

I think president mahama didn't carryout his research well, he should be ready to generate 200,000MW if his dream of exporting power to nigeria will come to pass.

CrudeGH:
Look, generating 5000MW by 2016, is a short term target. for the long haul, the target is limitless! with the number of projects going up in Ghana at the moment, don't be surprised Ghana can start generating 10,000MW and beyond in the medium term. The current power projects are being implemented by private sector people who are attracted but the prospect of exporting their power from Ghana. and with large solar plants as well as gas-fired plants coming up, the sky is the limit, really

look, with the desperate power crisis in nigeria, 2000MW in the short term will help ease things up a lot in your zoo country. didn't power generation in your country drop to 1,700MW at some point this year?

you don't still get it, your total 5,000MW cannot serve a state in nigeria. Nigeria currently generates 4000MW, that why we have power issues, when ghana is ready to generate 200,000MW then we will take you serious.

Incase our ghanaian friends don't know what they are up against, nigeria needs 170,000-200,000MW to have steady power supply. You now see why its laughable that you want to export out of the 5,000MW you intend generating in 2016 to nigeria. Ghanaians are funny

CrudeGH:
[s][/s]


I don't see that the noise about Ghana supplying electricity to nigeria is all about. Perhaps some you are not aware that only few years ago nigeria used to sebd crude oil to refineries in Ivory Coast to be refined and brought back to nigeria. I didn't hear any of you complain about that arrangement. I guess the noise is because it is Ghana,huh?/ such inferiority complex.

Ghana plans to have 5,000MW generating capacity by 2016 (Ghana needs about 3,000MW for domestic use and can export the remaining 2,000 MW)and there are major power projects going on all over the country at the moment. An American company called SEG is one of them. The company is planning to build 1000MW plants across Ghana by next year. There are others underway. Again, Ghana is also building gas regasification facilities across the country. What this means is that Ghana will no longer have to rely on natural gas from nigeria through the west africa gas pipeline. It means Ghana can import huge volumes of liquified natural gas from any part of the world to power its power generating facilities.

lolzzzz, so you think 5000mw that ghana will generate in 2016 can serve a state in nigeria even in 2006. Ghanaians are funny

Please don't argue with any ghanaian here, they lack courtesy and proper approach to critical issues. Only few ghanains thinks intellectually without resorting to foul words and insults.

THE President of Ghana, John Dramani Mahama, recently revealed that his country has plans to begin exporting electricity to Nigeria and other West African countries. Speaking at the Global Business and Economic Forum in Dubai on October 1, 2014, he said: “We have given priority to electricity generation in our country. We have prioritised energy in such a way that we want to become the hub for power production in West Africa. We want to generate electricity to the point that excess power can be exported to Nigeria, Ivory Coast and other countries that have power deficit.”
This position coming from the President of a country should ordinarily attract commendation as it purports to present the country’s leadership as one that is thinking and forward-looking and which strives to explore all opportunities for the development of the society. Upon further reflection, however, it is difficult to see where this kind of statement is coming from and the logic on which it rests.
As President Mahama stated, the issue of export comes only within a context of excess, such that Ghana would only be in a position to export electricity when it has satisfied its internal demand. Yet, latest World Bank record indicates that over 30 per cent of Ghanaians currently lack access to electricity. This means that the Ghanaian government is yet to provide electricity for all its citizens even while it is planning to export electricity to other countries. And we cannot but wonder what kind of leadership would prefer to satisfy citizens of other countries at the expense of its own people!
Furthermore, Ghana currently generates only 2,125 MW of electricity for its over 26 million population. When it is realised that South Africa generates over 45,000 MW for its 52 million population and still requires another 50, 000 MW by 2025 for the effective running of its economy, it should be clear that Ghana has not even started generating anything near enough electricity for its population.
Ghana obviously is yet to modernise the running of its economy such that it would run essentially on electricity. It has a rural and yet undeveloped economy that requires massive injection of electricity to assist in its industrialisation. And rather than the President Mahama leadership working at this, it would prefer to export electricity while Ghana and its economy remain at the current undeveloped level. This makes the offer to export electricity to Nigeria and other West African countries by Ghana not only laughable but tragic, as it reflects the warped sense of development that African leaders have. Perhaps the leadership in Ghana would have more to gain in exporting electricity to other countries since this would bring immediate revenue.
However, it is a reflection of how badly Nigeria has descended into the pit of underdevelopment such that countries that have not attended to their own problems would be offering to help it solve its problems. Ghana would not be offering export of electricity to Nigeria if better placed in terms of electricity access than Nigeria. In spite of the resources available in Nigeria, it is regrettable that more than 60 per cent of Nigerians lack access to electricity and the country is yet to sustain a generation capacity of 5,000 MW of electricity. President Mahama was talking about exporting electricity to countries with deficit and which country has the highest deficit outside of Nigeria?

With successive Nigerian leadership unable to deliver worthwhile electricity to the population, it should not be a surprise for the country to become the butt of electricity jokes and candidate for irresponsible treatment by everybody. This is an evidence of how badly Nigeria has been run by its leaders and it should be to the shame of successive Nigerian leadership that it would be reduced to the level of being mentioned in such laughable offer by Ghana. www.tribune.com.ng/quicklinkss/editorial/item/18539-ghana-s-laughable-offer

Very bad of them, meanwhile OP is very shallow minded by bringing tribalism in to this. Those men could be from any tribe.

masseratti:
why do you guys find joy in the misery of others? It's pathetic.

May the good lord lead Ghana out of debt like he led isreal out of Egypt.

you are wasting your time praying for people that are comfortable with their statusquo. They are very ok with the state of their country, they don't need your prayers.

Op might be correct about changing nigeria if both tribes come together but I don't think yorubas love igbos that much and vice-versa. I don't also think igbos fear yoruba..............ikwerre anuwhiala oooo

The recent discovery of supposed massaged economic figures by the International Monetary Fund (IMF) could lead to sanctions against the Government of Ghana.

A similar incident was said to have occurred in 2000 earning government some punishment in 2001.

Economic analysts have hinted that the supposed massaging of economic figures was deliberate and intended to hide the true state of affairs of the country from the Bretton- Woods and also to cover up the gravity of the rot in Ghana’s economy.

On Wednesday, Sanjeev Gupta, Deputy Director, Fiscal Affairs Department of IMF, said Ghana’s debt profile was over 70 percent of GDP and not 55 percent as claimed by the Bank of Ghana (BoG).

“First of all, the debt-to-GDP ratio in Ghana is 71 percent, not 60 percent so it is much higher than you mentioned.”

Ghana has been caught in huge debt repayment three times than the proceeds from oil revenue, a situation the IMF said was unsustainable.

An IMF delegation, led by Joël Toujas-Bernaté, was in the country to collect information before the actual negotiations during the annual meetings.

Seth Terkper, Minister of Finance, is leading a government delegation to the International Monetary Fund (IMF)/World Bank Annual Meetings.

The team includes Dr Kofi Wampah, Governor of the Bank of Ghana, Chairman of the Finance Committee of Parliament and officials from the Ministry of Finance and the Bank of Ghana.

The delegation attended the Commonwealth Finance Ministers Meeting, which precedes the IMF meetings, as well as other meetings with the Vice President of the World Bank and the G24 Ministerial Meetings.

Ghana experienced financial crisis in late 2000. It recorded a rapidly depreciating currency, sharply rising inflation, burgeoning public debt and a substantial depletion of foreign exchange reserves.

The primary cause was loss of control over public expenditure and government borrowing, especially in the second half of the year before the presidential elections.

The fiscal deficit in cash terms reached 9.7 percent of GDP for the year. Owing to shortfalls in donor disbursements, the deficit was financed almost entirely by domestic borrowing.

The result was a destabilization of the economy: 40 percent growth in broad money, a 50 percent depreciation of the cedi, and a tripling of the inflation rate to over 40 percent at end- 2000. The domestic government debt stock rose to almost 29 percent of GDP, and official reserves fell to only three weeks of imports.

A breakdown in expenditure management and control systems during 2000 also led to a build-up in new domestic arrears in addition to cash expenditure overruns.

The full extent of these arrears remains to be verified, but it’s estimated at 1.4 percent of GDP. Delays in aid inflows further complicated the payment of government obligations and led to the creation of external payment arrears on debt service amounting to US$89 million by end-2000. Ghana’s public and publicly guaranteed external debt stood at US$5.9 billion (about 119 percent of GDP) at end-2000.

The finances of several key parastatals deteriorated along with those of the central government. Failure to adjust petroleum prices fully for rising crude oil costs and a depreciating currency left the Tema Oil Refinery (TOR) with a total short-term debt of 2.5 trillion (9 percent of GDP) at end-2000.

Almost half of this was debt to domestic banks, in particular to Ghana Commercial Bank (GCB), posing a major risk to the solvency of the bank.

Similarly, electricity and water rates were kept artificially low throughout 2000, leaving the Electricity Company of Ghana (ECG), Volta River Authority (VRA), the electricity generator and the Ghana Water Company Limited (GWCL) with sizeable additional debts.www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=330108

27.5million? Nawa ooooo

Her hips, her hips touched the four cardinal points of the earth.

I don't understand, wetin be PDP own for the matter?

The economy of ghana is messed up.

President John Dramani Mahama has appealed to the European Union (EU) to resume the disbursement of multi-donor budget support to Ghana.

He made the appeal when the new head of EU delegation William Hanna, presented his letter of credence to him at the Flagstaff House.

In 2013, Ghana received close to 16 million Euros from the European Union.

This included a 10 million Euro Sector Budget Support for the Ministry of Health, and over five Million Euros for General Budget Support under Ghana’s Multi-Donor Budget Support framework.

But the EU for some time now has held on to the funds.

It is unclear why the EU is holding on to the funds, but President Mahama said he is optimistic the challenges that led to the freeze would be addressed soon.

President John Mahama said: “Recently, multi-donor partner support has been withheld from Ghana due to some issues. It is my expectation that as we go along, whatever difficulties exist, we will be able to iron out in order that we see a resumption of this budget support.”

He explained that Ghana needed the support because the “EU is a significant international development partner especially when it comes to issues with multi-donor partner budget support.


www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=330116