President Nana Addo Dankwa Akufo-Addo has announced that the recent erratic power supply plaguing the country has been effectively addressed. Addressing attendees at the annual May Day celebration in Accra, the President expressed optimism that the challenges, famously termed “dumsor,” are now a thing of the past. He extended gratitude to the citizens for their […] The post Power
Yaa Serwaa Sarpong, the Director of Support Services at Strategic Mobilisation Ghana Ltd (SML), has refuted certain figures in KPMG’s report concerning the revenue they generated for the government. According to KPMG’s report, SML boosted the government’s tax revenue to GHS2.45 billion during the period under review. “Regarding the downstream petroleum audit services, KPMG determined […] The post We
The National Democratic Congress (NDC), has called on the President Akufo-Addo and Dr. Bawumia government to take immediate steps to retrieve all monies paid to SML Ghana Limited for no work done. At a press conference addressed by its National Communication Officer in Accra today, the party demanded the immediate publication of the full KPMG […] The post NDC demands retrieval of monies paid to SML
Former Auditor-General Daniel Yaw Domelevo has criticised the selection of KPMG to audit the contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML), describing it as illegal and unprofessional behaviour. President Nana Addo Dankwa Akufo-Addo ordered KPMG to audit the contract between the two entities on January 2, 2024. Following the […] The post GRA-SML
In recent times we have been grappling with erratic power outages. These unpredictable and frustrating disruptions of electricity supply has been attributed to various factors including aging infrastructure, maintenance issues, transmission challenges, illegal connections to name a few. This unwelcome guest has left Ghanaians and businesses in the dark and seeking answers. However, amidst this […] The post Power
Some critical units of Somanya Polyclinic in the Eastern Region are shut down whenever there is a power outage in the area. Kafui Wuttor, Head of Administration for Somanya Polyclinic, noted that the hospital’s generator has limited capacity and cannot power the entire facility, causing disruptions to other essential services including the laboratory. Kafui Wuttor […] The post Somanya
‘Dumsor’ Vigil to hit Accra After what organizers and patrons described as a successful Kumasi edition, plans are underway to bring the ‘Dumsor’ Vigil to the capital city, Accra. Explaining the reason behind the decision to replicate the same vigil that took place in Kumasi on April 17, 2024, Henry Osei Akoto, one of the […] The post ‘Dumsor’ vigil to hit Accra appeared first
By Sualah Abdul-wahab President Akufo-Addo has inaugurated a 15KW Solar Power Plant phase two project at Kaleo in the Nadowli-Kaleo District of the Upper West Region. The plant constructed by the Volta River Authority with support from the German Development Bank is expected to increase Ghana’s and VRA’s generation capacity and diversity by adding more […]
The Minority in Parliament is demanding the publication of the KPMG audit report on Strategic Mobilization Ghana Ltd (SML) and Ghana Revenue Authority (GRA) contract. President Akufo-Addo has stated that the SML Downstream petroleum service is needed however the Ministry of Finance (MoF) and the Ghana Revenue Authority (GRA) will have to renegotiate the fee […] The post Minority
Isaac Adongo, Ranking Member on the Finance Committee of Parliament has asked President Nana Addo Dankwa Akufo-Addo to lay KPMG’s audit report on the revenue mobilisation agreement between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML) before Parliament. KPMG, an auditing firm, has finalised and presented its report on the GRA-SML contract […] The post Lay
Vice President of IMANI Africa, Bright Simons has called on President Akufo-Addo to make public the KPMG’s report on the investigation conducted on the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Ltd (SML) deal. President Akufo-Addo says the SML Downstream petroleum service is needed however the Ministry of Finance (MoF) and the Ghana Revenue […] The post Release KPMG’s
The Ghana Revenue Authority (GRA) has clarified the status of resident individuals for tax purposes. According to the GRA, the clarification is on the back of concerns raised by the general public on the tax status of individuals who earn incomes abroad and whether they are deemed by the Tax laws as “resident individuals” for […] The post GRA clarifies taxes for resident individuals
Sydney Nii Ayitey Tetteh, Executive Vice President, Energy and Infrastructure at Stanbic Bank Ghana, has emphasized the important role of financial institutions in the soon to be implemented wholesale electricity market. He made this statement at the Electricity Market Conference held at the Volta Residence, Akuse in the Eastern Region. The Electricity Market Conference had […] The post Stanbic
Asantehene, Otumfuo Osei Tutu II, has urged the government to diversify companies it cannot maintain and run efficiently. According to him, there are a number of government companies and entities that are struggling that can do well with private partnerships. He disclosed this during the commissioning of a 430-kilometre natural gas pipeline by Genser Energy […] The post Don’t
Godwin Edudzi Tameklo, the Director of Legal Directorate for the National Democratic Congress (NDC), has expressed concerns about the government’s alleged plan to rename the Ameri Power Plant as the Kumasi 1 Thermal Power Plant. The Volta River Authority in a recent Facebook post announced the commissioning of the Kumasi 1 Thermal Power Plant (K1TPP) […] The post Rebranding
The Government is seeking to plug the revenue gap created as a result of the abandoned VAT on electricity with a tax on the foreign incomes of resident Ghanaians. At the beginning of the year, the government introduced a value-added tax on electricity, however, it was forced to abandon the initiative following a public backlash. […] The post Govt
Energy analyst and Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has stated that the government did no wrong in renaming the AMERI power plants to Kumasi 1 Thermal Power Plant (K1TPP). He said the renaming of the Africa and Middle East Resource Investment (AMERI) plants to Kumasi 1 Thermal Power […] The post K1TPP: There’s absolutely
Francis Tomore Boi, a renowned Tax Analyst, has endorsed the government’s initiative to tax the foreign incomes of resident Ghanaians as a strategic move to address the revenue shortfall resulting from the abandoned VAT on electricity. He described this as a smart move by the government. His comments are on the back of the government’s […] The post Taxing
The CEO of the Independent Power Generators, Ghana (IPGG), Dr. Elikplim Kwabla Apetorgbor is advocating strategic planning in our power generation and distribution framework. He says that the focus of IPGG is on enhancing efficiency through advanced technologies and better planning strategies. In a statement, Mr Apetorgbor said “We are dedicated to working collaboratively with […] The post CEO
Ranking member of the Mines and Energy Committee of Parliament and MP for the Yapei-Kusawgu constituency, John Abdulai Jinapor, has stated that the NDC will no longer countenance attempts by the Akufo-Addo-Bawumia government to rename projects commissioned under former President John Dramani Mahama. Mr. Jinapor’s comments follow reports that the government is set to commission […] The post Akufo-Addo
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