Author: Beneficiary Posted: 2012-10-19 03:21:01 is he a government official or a conman? The US embassy should take note!
MAHAMA IS CORRUPT
Author: AKONOBA Posted: 2012-10-19 03:39:37 From the presidency to NDC footsoldiers are all corrupt. Mahama is corrupt. Mahama murdered Mils. Mahama is unpresidential. Mahama is a fraudster. Mils/Mahama=bitter Ghana. Mahama has no credibility. Nana is far better and bold than Mahama. Mahama is not marketable and has no constituencies. Mahama won the Bole MP with a little over 3,000 votes. Mahama is not even popular in NDC. Mahama did not contest for the presidential slot of the NDC. Mahama was selected for NDC flagbearer. Over our dead body for a fulani womaniser and corrupt Mahama as president. All die be die for Nana 2012. IS NANA for 2012. Ben Ephson has revised his dec 7 2012 presidential: Nana=56%, John Mahama=38%. The mystery of the Johns as president is that all the Johns never succeeded in their 1st attempt as president.:
1.John Jerry Rawlings failed in 1979
2.John Kuffour failed in 1996
3.John Atta Mils failed in 2000
4.John Mahama will fail in 2012.
Mahama is corrupt and Asiedu Nkettia manufactures and sells block to Bui Authority where he is a board member. How?????????? Mahama=NDC= Ye di Kekeeeeeeeeeeeeee!. Nana Konadu Rawlings is far better than the corrupt Mahama. No fulani-descent as president. JJ Rawlings hates the northners as president that was why he coup out DR Liman of PNC in 1981. Mahama is not bold AND VISIONARY. Mahama was not bold to challenge the old and cancer-ridden Mils at NDC congress. It was a woman Nana who was bold to challnege the old and cancer-ridden Mils. Mahama is too corrupt:
1.STX=US215 MILLION
2.SADA=US 200 MILLION
3.WOYOME=GHC 51 MILLION
4.MAHAMA'S BROTHER=GHC 57 MILLION
5.JET STAIRCASE=US 17 MILLION
6.JET HANGER=US 30 MILLION
7.4 AMBRAER PLANES=US 800 MILLION
Come dec 7 2012 NANA is the next president. Nana=2012, Alan=2016, Nana Konadu Rawlings 2020
From head to toe duka daya
Author: Patty Posted: 2012-10-19 03:47:06 From Mahama to ndc toilet overseers they are all corrupt, they have sharp incisors, greedy bastards and old evil dwarfs. When they spit venom comes out. They are more than Ali Baba and the forty thieves
A DRUNKEN MOSQUITO
Author: katongo Posted: 2012-10-19 03:48:22 what a drunk CHAAKAYIII
This is a useless material!
Author: John Kpeglo Posted: 2012-10-19 03:53:46 Why not go to the Police and disgrace the supposed criminals? I think some journalists are doing more harm to Ghana than good! Sad!
Akua Donkor
Author: NANA O!! MOTHER Posted: 2012-10-19 04:20:05 Mahama ,wonkye ndi,yebedii bi k3k3 was said by Akua Donkor.
Re: Asiedu Nketia in visa scam
Author: Ibrahim mbill Posted: 2012-10-19 04:40:49 If papers like the daily seacchlight has nothing to tell ghanians,they should give us a break.What an insult to readers.
ELECTRICITY LOANS - PART 1
Author: NHWEHWEMU HENE Posted: 2012-10-19 05:07:13 GHANA ELECTRICITY LOANS AND LOANS AND LOANS - EEBEI !!
Before we deal with loans for electricity let us examine a brief history of Ghana Electricity quoted directly from many reliable publications.
In 1963 the Electricity Division brought into operation the first 161,000 volts transmission system in Ghana, which was used to carry power from the Tema Power Station. At its peak in 1965, about 75 percent of the power was used in Accra.
In 1994, Ghana's total generating capacity was about 1,187 megawatts, and annual production totaled approximately 4,490 million kilowatts. The main source of supply is the Volta River Authority with six 127-megawatt turbines. The authority's power plant at Akosombo Dam provides the bulk of all electricity consumed in Ghana, some 60 percent of which is purchased by Valco for its smelter. The power plant also meets most of the energy needs of Togo and Benin, which amounted to an estimated equivalent of 180,000 tons of oil in 1991. The balance of Ghana's electricity is produced by diesel units owned by the Electricity Corporation of Ghana, by mining companies, and by a 160-megawatt hydroelectric plant at Kpong, about 40 kilometers downstream from Akosombo. A third dam at Bui on the Black Volta River has been under study for some time, with the aim of increasing power supplies in northern Ghana or of selling power to Nigeria, Côte d'Ivoire and Burkina Faso (Burkina, formerly Upper Volta). There have been difficulties, however, in raising the funds needed for the 450-megawatt generating plant. Other sites with the potential for power generation, on the Pra River (Ghana), the Tano River, the White Volta River, and the Ankobra River, would also require substantial investment.[1]
Ghana has attempted to increase distribution of its electricity throughout the country. One program, funded by the World Bank's International Development Association, will provide reliable and widespread electricity in the urban and southern parts of the country. In addition, the extension of the national grid to the Northern Region was commissioned in 1989. The extension links northern Ghana to the power generated from the Akosombo Dam.[1]
The second phase of the extension will connect major towns in Upper East Region with the regional capital, Bolgatanga, at a cost of US$100 million. The final phase will see exports of electricity across the northern border to Burkina. In early 1991, furthermore, the International Development Association announced a loan to the Electricity Corporation of Ghana to finance the supply and expansion of electricity networks in the northwestern areas of Accra. The corporation aims to extend the supply of electricity to all isolated centers where diesel is the main source of power.[1]
Plans were also afoot to increase the supply of electricity by utilization of thermal energy. Construction was anticipated by late 1994 on the country's first thermal power generating plant near Takoradi. Scheduled for completion in 1997, the plant will contribute 300 megawatts of electricity to the national grid.[1]
GHANA FOREIGN ASSISTANCE AND LOANS
Ghana's economic well-being and recovery program were closely tied to significant levels of foreign loans and assistance, especially from the World Bank and the International Monetary Fund. Altogether, between 1982 and 1990 foreign and multilateral donors disbursed a total of approximately US$3.5 billion in official development assistance; at the same time, the country's external debt reached US$3.5 billion. By 1991, the largest bilateral donors were Germany, the United States, Japan, and Canada, which together provided Ghana with US$656 million in development assistance. The largest multilateral donors in 1991 included the European Community, the IMF, and the International Development Association, which furnished almost US$435 million to Ghana.
In addition, the government obtained five IMF programs amounting to approximately US$1.6 billion: three standby loans, simultaneous Extended Fund Facility and Structural Adjustment Facility loans, and an Enhanced Structural Adjustment Facility loan in 1988. The government signed more than twenty policy-based program loans with the World Bank. The World Bank also sponsored six consultative group meetings; the first, held in November 1983, resulted in pledges of US$190 million. Between 1984 and 1991, almost US$3.5 billion more was raised at five additional meetings.
In 1991 Ghana successfully raised the country's first syndicated loan in almost twenty years in the amount of US$75 million. The loan's collateral was a proportion of the country's cocoa crop. Special arrangements were made to ensure that a specific amount of the crop was purchased using letters of credit. Then in March 1992, the IMF announced that following the expiration of Ghana's third and final arrangement under the Enhanced Structural Adjustment Facility, Ghana needed no further IMF financing. Even so, the Ghanaian government asked the IMF to monitor progress on the country's economic program and to continue policy dialogue.
In early 1994, Ghana accepted the obligations of Article VIII of the IMF's Articles of Agreement. According to the IMF, Ghana will no longer impose restrictions on payments and transfers for current international transactions or engage in discriminatory currency arrangements or multiple currency practice without IMF approval. Ghana's decision undoubtedly will enhance its image with foreign investors and bankers.
The African Development Bank (AfDB) today announces approval of a $60 million loan for Ghana to expand the Takoradi thermal power plant.
The Board of Directors of the AfDB Group through its private sector window approved the loan Wednesday July 11, 2012 in Tunis, the lender said in a press release issued today, July 16, 2012.
According to the AfDB, the senior loan for the expansion of the plant aims at improving electricity supply and energy security in Ghana.
Ghana’s electricity supply capacity is currently insufficient to meet the expected increase in demand per year of 6.5 percent.
The Takoradi II thermal plant project consists of the expansion of the existing 220 MW single cycle gas/fuel oil power plant to a 330 MW combined cycle by adding a 110 MW steam turbine to the exhaust vent of the existing plant which has been in operation since September 2000, the AfDB said.
Ms. Tas Anvaripour, the AfDB’s Head of Infrastructure Finance and PPP, was cited in the release saying, “this project is a model example of a ‘Green Growth’ PPP project featuring a national utility investing alongside private sponsor.”
She said the project has a strong economic rationale behind it, which is able to deliver highly competitive base-load energy and help the power system in Ghana to diversify from hydro and oil dependency, adding that, “moreover the project will reduce Ghana’s over-reliance on climate-vulnerable hydropower and as a conversion from simple to combined cycle will increase the power plant output capacity by 50% at no additional fuel and no additional carbon emission impact.”
April 14, 2012
Government SECURES a $120 million LOAN FACILITY FROM THE INDUSTRIAL AND COMMERCIAL BANK OF CHINA
500 communities in Northern Ghana to get electricity through China loan was the headline as it appeared in major publications accross the country.
Five hundred communities in the Northern Region under the Turnkey Rural Electrification Project (TREP) would be connected with electricity by the end of September this year.
It would be recalled that, President Evans Atta Mills, last year cut the sod for commencement of the Northern Regional Turnkey Electrification Project and indicated that the government had secured a $120 million loan facility from the Industrial and Commercial Bank of China to execute the Project.
Under the Project five communities in each of the 20 districts in the region would benefit and this would improve on the current rate 43.52 percent of access to electricity rate in the region.
Alhaji Inusah Fuseini, Deputy Minister of Energy announced in Tamale on Friday, when he introduced the main contractor, Hunan Construction Engineering Group Corporation of China; responsible for the implementation of the Project to the Northern Regional Coordinating Council (RCC), the district assemblies and other stakeholders.
He said it was the resolve of government, in the medium term, to raise the accessibility rates of electricity supply in the three Northern Regions nearer to the national average of 72 percent.
He said under the TREP, it was anticipated that over 484,000 households in the 20 districts would benefit through the creation of about 30 permanent jobs and 200 temporary ones.
The Deputy Energy Minister however stressed that the local content component of the Project, which requires that at least 30 percent of the employees where indigenes was adhered to and not compromised.
“The active involvement of Ghanaians in the National Electrification Scheme through local content has become a major policy issues for us as a Ministry”, the Minister emphasized.
Alhaji Fuseini said there would be no compensation issue, whatsoever in the execution of the Project and asked the MMDCEs to work together with the contractor to resolve all the issues.
He said the approved service connection fees to be paid by prospective customers was GHC 0.58 p for a single phase and GH¢1.16 p for three- phase connection and warned against any illegal collection of fees.
Mr Moses Bukari Magbengba, Northern Regional Minister urged the District Chief Executives to consult with the communities and other stakeholders to find out their views and opinions on the electrification exercise to ensure its smooth implementation.
He appealed to the contractor to speed up the project to enable more communities’ to benefit, since it was a four year project.
16.Jul.2012
Abu Dhabi National Energy secured US$ 355 million project to expand its power plant in Ghana
Reuters reports that Abu Dhabi National Energy Co (TAQA), a state-owned oil explorer and power supplier, secured a $355 million project financing and government approval to expand
its power plant in Ghana
PARLIAMENT APPROVES 34.1 MILLION EUROS LOAN FOR SHREP
August 12, 2012
Parliament approved a 34.1 million euros loan agreement between Ghana Grid Company Limited (GRIDco ) and the Societe Generale to finance the Substations Reliability Enhancement Project (SHREP).
The GRIDco intends to upgrade and enhance the operational reliability of its equipment at the Bulk Supply Points (BSPs).
In line with that objective, the company is to replace the identified obsolete and faulty components of the transmission network at various substations that are contributing to unreliable and low power quality in the power network.
The project, therefore, seeks to improve upon the flexibility in the operation of the power system and maintenance of power equipment.
According to a report of the Finance Committee of Parliament on the loan, a major policy objective of the government was to increase the installed capacity of Ghana’s electricity from the current level of about 2,000 MW to about 5,000 MW by 2015.
That required an accelerated effort of enforcement and expansion of the electric transmission grid to ensure reliable and secure evacuation of all the power that would be generated to meet the ever-increasing customer demand.
According to the report, the government had also planned to make Ghana a net exporter of electric power to its neighbouring countries, including Togo, Benin, Cote d’Ivoire, Burkina Faso, Mali and Nigeria.
That export driven policy also required the strengthening of the existing institutional capacity in electric power dispatch and control, market operations, engineering and power management functions of the GRIDco.
“Considering the current state of the National Interconnected Transmission System (NITS) for Ghana which is saddled with over-aged and obsolete equipment, overloads, high losses, low voltages and evacuation constraints, among others, achieving this objective would require systematic and orderly development and expansion of the transmission infrastructure including transmission lines and substations.
The scope of work would include the replacement of obsolete protection, control and metering systems and the provision of modern test equipment.
In addition, there would also be the reconfiguration of substations and provision of dedicated circuit breakers on each transformer at Cape Coast, Winneba and Akwatia, among other works.
The repayment period of the loan is 10 years with a grace period of two years.
The House also approved a 48,148,370.02 euros from the Societe Generale for the financing of the Tumu-Han-Wa electricity project.
The project, which would last for 18 months, would include the provision of 130km of 16kV transmission line between Wa and Tumu, 29km of 161kV transmission between Bolgatanga and Navrongo; extension of works at Bolgatanga and Sawla substations and 161/34.5kV substations at Wa and Tumu.
In another development, the House also approved an 8,870,000.00 loan from the Raiffeisen Bank International AG, Vienna, Austria, to finance the Phase One Water Supply Scheme for the Adaklu Anyigbe and North Tongu districts and the Ho Municipality.
The Chairman of the Finance Committee of the House moved the motion on all the three occasions for the adoption of the committee’s report and subsequent approval of the loans.
MPs who commented on the loans expressed the hope that the completion of the projects would curb the current power outages in the country.
Two loans were offered by China Ex-Im Bank, with a grace period of five years and an amortisation period of 20 years." towards electricity development in Ghana.
The republic of Ghana Parliament has approved a supplier’s credit agreement between Ghana and the China International Water and Electricity Corporation for an amount of 162,000,000.00 dollars.
The amount is for the supply and installation of materials and equipment under the national electrification scheme for the Volta and other regions as an extension of the Upper West Electrification project.
Mr James Klutse, Chairman of the Finance Committee who read the committee’s report, said the credit is to finance the supply and installation of electrical materials and equipment under the National Electrification Scheme to extend the scope of works of the Upper West Electrification project to cover projects in the Volta and six other regions.
The loan has a four-year grace period, 11 years repayment period, maturity period of 15 years, interest rate covers US 6 Month Libor+0.8 percent per annum and a grant element of 35.90 percent.
The report also noted that Government of Ghana counterpart funding of $18million will be spread over the project execution period of the three years and that the first tranche have been included in the 2011 budget.
The report again stated that under the SHEP 4 Phase I project, costing $90 million and executed by CWE, 420 communities were connected to the national electricity grid and additionally, 531 communities were connected under SHEP 4 Phase 2 at the cost of 170 million.
The report explained that the additional credit of $162 million had become necessary because the contractor did not adhere to proper project management procedures and therefore started installation works in several communities which had not been earmarked under the $170 million project package.
The scope of the project involves design, manufacture, delivery, installation, completion and commercialisation of the electrification project. It would be disbursed in two tranches of $81 million each with the first in 2011 financial year and the other tranche in the 2012 financial year.
Look of Poverty
Author: Naketsi Deka Posted: 2012-10-19 05:26:35 If this is done by an ordinary poor and helpless Ghanaian, the Judges will quickly pronounce 5 to 10 years of imprisonment with hard labour on him. This case will for sure be polarised in few hours. What sort of society are we living in? someone tell me something
Ken Koranche is a mental case
Author: AKONOBA Posted: 2012-10-19 05:27:43 The news is not worthy to comment
Asiedu-Nketia double as visa contractor
Author: Victor A. Young Posted: 2012-10-19 05:28:22 So Asiedu-Nketia also doubles as visa contractor, apart from his Bui Dam block manufacturing and supply business in NDC govt? Hmmm! Nobodies turned millionaire under 3.5yrs of NDC rule? December 7, will open a new page in Ghana's politics. It's time to vote out the corrupt NDC govt, before it gets too late.
Ken Koranche, another idiot
Author: Agya Panyin Posted: 2012-10-19 05:28:54 kEN Koranche is a bid idiot
Re: Asiedu Nketia in visa scam
Author: Kweku. ITALY PALERMO Posted: 2012-10-19 05:37:23 Aside most greedy man in NDC
Look At Cocoon's Face With Beer
Author: Nket Posted: 2012-10-19 06:54:11 Horrible looking Asiedu Nketia is also sipping beer. Ah, this idiot too
It Has Happened With All Parties In Gov'
Author: G. K. Berko Posted: 2012-10-19 08:32:00 C'mon, who doesn't know this practice is as old as our Independence? It has always been the case that folks outside a legitimate organisation permitted and funded to travel abroad for some activity are included in the team for backhand payments to certain individuals among the organizing staff.
It happens with the Sports Ministry the most, if accounts reported in the Media is anything to go by. So, don't waste our time on such cheap Political points and concentrate more on what matters most.
The general need is to stop Corruption in Government. Period. Let's hear you report on how the Politicians are going to deal with that problem. As Journalists you can help set the agenda for what needs to prioritized. Picking and choosing which misdeeds to report on based on which Political Party's member committed them does not help much. All the Parties and Governments so far are guilty of the misdeed reported here.
Don't we also know about the distribution of Diplomatic Passports by the previous NPP Administration to some folks who later were incriminated in Drug Crimes?
The idea that the Media would compete in number of reports on misdeeds of a particular Party's members to show which Party is more corrupt does not help us in anyway. The idea is that all the Party's have shown that they are not averse to Corruption.
I am very discontent with the level of concern shown thus far by the Parties on the canker of Corruption among them. We hear of all kinds of Promises to provide this infrastructure or that amenity. But we all know such is a platitudinous rhetorical campaign deception. When it comes down to it, nothing promised is done because the funds get looted by the Officials of the incumbent Administration. I just read a news item that an international Corruption observers group estimates Ghana has been losing over $1.1 Billion annually via Corruption for the past 20 years. And the figure keeps growing.
Our Parliament has been lame on Accountability and Probity. It has been mute and inactive on the Freedom of Information Bill that would help various patriotic entities access hidden information that covers Corruption in high places. The MPs know themselves that they all are caught in the mesh of Corruption at one point or another and are reluctant to enervate our Laws to adequately curb the evil.
Yes, it makes News to report a particular incident of Corruption, but what we need is following efforts to curb the destructive trait among our leaders.
Long Live Ghana!!
What kind of name is gen mosquito
Author: Ghana midfield rocks Posted: 2012-10-19 08:51:18 A fake general too.
monkey nketai
Author: NPP PARTY PAPAA Posted: 2012-10-19 08:53:48 EWIASE BEN NI FROM BLOCKS CONTRACTOR HAVE NOW SHIFT TO VISA YOU KEEP ON DRINKING THE BEER THE DAY OF UR DOOM AWAITS YOU
This half human being Asiedu N. will....
Author: Oba Nyansani Baako Pe In Ghana! Posted: 2012-10-19 11:03:48 This stupid fool Asiedu Nketiah will sell Ghana one day. I blame Rawlings too much for this.
GHANA DESERVE BETTER
Author: Akrashie Sackey, USA Posted: 2012-10-19 11:55:09 Come to think of it, why would any visionary leadership encourage its citizens to travel outside to seek greener pasture, let alone get actively involved in acquiring visas illegally for them? Where did our dear nation go wrong that today she is being led by people without imagination, insight and boldness. Come December, Ghanaians must vote massively against the political party that prides itself in making schoolboys ministers to salvage the image of the country. The Non Decent Creatures must be shown the way out. Ghana deserve better. Enough of the disgrace. Long live the land I love, long live mother Ghana.
Author: Ogyam Posted: 2012-10-19 13:54:15 So,these people call themselves leaders of Ghana.
Ugly think
Author: Kojo Posted: 2012-10-19 14:14:52 What ! This guy is u -g-l-y oh my goodness.
LOOK AT HIM, NO WONDER
Author: LAZY. Posted: 2012-10-19 14:47:51 A COMPLETE CARICATURE.
Is This What You Call Scam? Be Serious
Author: Whatever Posted: 2012-10-19 17:41:54 I don't think Asiedu Nketoa is involved in such a thing but the practice of people taking advantage of the incumbent party to travel outside is not new. The NPP use to do it on a bigger scale when they were in power
Aseidu de experience political
Author: Simon,bronx usa Posted: 2012-10-19 18:42:04 And so what,its a form of job creation.
Anyway, aseidu u too u like alcholic drinks too much,do u chase women as well, be careful and fight a good fight for your party to win.
KUFFOUR'S REGIME WAS WORSE!
Author: ANANYMOUS Posted: 2012-10-19 18:52:13 I AGREE THAT NKETIA IS IN SHADY DEALS WITH OFOSU AMPOFO AT THE MINISTRY OF LOCAL GOVERNMENT. BUT NPP DID WORSE THINGS. I HAVE PROOF OF TWO VERY CLOSE FRIENDS WHO WERE ADDED TO KUFFOUR'S ENTOURAGE TO AMERICA AS STAFF OF STATE PROTOCOL IN 2002.THESE TWO FRIENDS HAD THEIR COUSIN WORKING AS A PRESIDENTIAL STAFFER IN THE CASTLE DURING KUFFOUR'S REGIME. THIS WAS THE KIND OF DEAL THAT CHARACTERIZED KUFFOUR'S ERA.MY FRIENDS HAVE SINCE BEEN IN AMERICA FROM 2002 TO DATE.
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