Power Minister- Dr. Kwabena Donkor

Power Minister- Dr. Kwabena Donkor

The Ministry in charge of Power in Ghana has shown very little concern about losses incurred to the national economy through the current power outages that have persisted since the year 2012.

The losses incurred through the current power outages to the economy of Ghana may not be quantifiable but even more so, is the fact that it may never be known as very little premium is placed on that exercise by authorities in charge.

The Minister in charge of Power, Dr. Kwabena Donkor, told Parliament on Wednesday that his ministry lacks the competence to quantify the loss incurred so far. He was responding to a question filed by the Member of Parliament for Nabdam, Boniface Gambila Adagbila, who wanted to know whether there have been attempts to quantify the losses to the national economy of the electricity power outages for the years 2012, 2013 and January to September 2014.

The written response to the MPs question by the Minister read, ?The Ministry of Power lacks the competence to quantify the loss. The Ministry is however aware that institutions such as the Institute of Statistical, Social and Economic Research (ISSER), Center for Economic Policy Analysis (CEPA), Statistical Services and the National Development Planning Commission (NDPC) do some work in that area.?

The authority put in charge to manage power in the country proffered the opinion that seems to suggest that it has very little interest in knowing how much it is costing the nation for not providing the public good (electric power), for which the ministry exists and is being funded by the consolidated fund.

One can only imagine how much money the country has lost within these years across the nation due to the power outage phenomenon which has come to be known in Ghana as ?Dumsor?-( meaning, off and on).

Those who have lost their entire capital because their entire enterprise relies on the regular supply of electricity; those who have lost their jobs because their bosses could not afford to sustain them anymore for cost cutting; and even the investor that changed his mind about investing in the country because of unreliable supply of power are all part of the cost that has to be borne by the nation.

Much as the country cannot estimate the true cost and impact that the power outage can have on the state of the economy, one thing worth considering is its disruption of the operations of the sensitive parts of the economy that are needed to propel economic growth.

The on-going poor electricity supply in the country was named in the 2013 World Bank Enterprise Survey on African countries, including Ghana and Nigeria, as one of the biggest barriers to growth to the countries? economy, and hindrance to many multinational investors.

Source: Clement Akoloh: Spynewsagency

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.