December 1, 2020

NDC GHS 5b’Take or Pay’ Energy cash can build 3521 Free SHS dormitories- Kojo Oppong Nkrumah

Minister of information: Mr Kojo Oppong Nkrumah

The minister of Information, Mr Kojo Oppong Nkrumah has said, the Take or Pay Energy agreement signed by Ex- President John Mahama’s administration which remains a debt on Ghana could have been used for schools and hospitals new buildings.

The controversial take or pay clauses agreement was signed in the era of Mr John Mahama’s NDC administration between Ghana and the Independent Power Producers (IPPs).
Whether they were producing power or not the country pays them huge sums of money.

However, immediately the NPP assumed office they started calling the IPPs to come back to the negotiation table because the country could no longer bear the obnoxious agreements.

Mr Oppong Nkrumah stated, the take or pay’ energy contract was to have the marginal reserved of the country’s installed capacity.

He argued however, that the country use s 2700 Megawatts of power but the NDC went on to sign a contract of about 5000 Megawatts of installed power capacity of an amount of GHS 5 billion (1billion US Dollars) to be paid in 2 years under the take or pay clauses.

For this reason the country is paying literally 100% extra of power that is not consuming.

The minister said the Value for Money Foundation Documents which aims at guiding contracts indicate that the GHS 5 billion($1billion USD)the country is paying to IPPs could have been used to build a 6 Unit primary class room block(6896) at a cost of GHS 69400 (145,000 USD).

Again, the GHS 5b pay or take money could have been used to erect 3,521 of 8 unit SHS dormitory at a cost of about GHS 1.3m for to ease congestion in the schools.
But the NDC have turned around asking questions, why are you not building classroom blocks to halt the double track system, even when the NPP administration has funded GHS1.5b to accelerate the construction of infrastructure.

He reiterated that the GHS 5b (USD 1B) cash could have been used to construct 2816 of 1 KM asphaltic concrete road, resurfacing plus overlaying and 2 lane single carriage at about GHS1.7m (USD 355m) .

Additionally, it could have been used to build 3571 CHPS compound across all the 3571communities in the country at a cost of GHS1.4m

A 60 bed Hospital could have also been built in over 90 Districts at a cost of about $11m(USD).

Subsequently, the NDC signed an agreement to pay the obnoxious money in 2 years to IPPs without any benefit.

“That is the nature of burden the NPP administration is having to carry.
“We can not as politicians commit the country into such things then turn around and ask questions”, the statement of Mr Kojo Oppong Nkrumah.

By: Joe Marfo

222

Trending Stories

NDC GHS 5b’Take or Pay’ Energy cash can build 3521 Free SHS dormitories- Kojo Oppong Nkrumah

Minister of information: Mr Kojo Oppong Nkrumah

The minister of Information, Mr Kojo Oppong Nkrumah has said, the Take or Pay Energy agreement signed by Ex- President John Mahama’s administration which remains a debt on Ghana could have been used for schools and hospitals new buildings.

The controversial take or pay clauses agreement was signed in the era of Mr John Mahama’s NDC administration between Ghana and the Independent Power Producers (IPPs).
Whether they were producing power or not the country pays them huge sums of money.

However, immediately the NPP assumed office they started calling the IPPs to come back to the negotiation table because the country could no longer bear the obnoxious agreements.

Mr Oppong Nkrumah stated, the take or pay’ energy contract was to have the marginal reserved of the country’s installed capacity.

He argued however, that the country use s 2700 Megawatts of power but the NDC went on to sign a contract of about 5000 Megawatts of installed power capacity of an amount of GHS 5 billion (1billion US Dollars) to be paid in 2 years under the take or pay clauses.

For this reason the country is paying literally 100% extra of power that is not consuming.

The minister said the Value for Money Foundation Documents which aims at guiding contracts indicate that the GHS 5 billion($1billion USD)the country is paying to IPPs could have been used to build a 6 Unit primary class room block(6896) at a cost of GHS 69400 (145,000 USD).

Again, the GHS 5b pay or take money could have been used to erect 3,521 of 8 unit SHS dormitory at a cost of about GHS 1.3m for to ease congestion in the schools.
But the NDC have turned around asking questions, why are you not building classroom blocks to halt the double track system, even when the NPP administration has funded GHS1.5b to accelerate the construction of infrastructure.

He reiterated that the GHS 5b (USD 1B) cash could have been used to construct 2816 of 1 KM asphaltic concrete road, resurfacing plus overlaying and 2 lane single carriage at about GHS1.7m (USD 355m) .

Additionally, it could have been used to build 3571 CHPS compound across all the 3571communities in the country at a cost of GHS1.4m

A 60 bed Hospital could have also been built in over 90 Districts at a cost of about $11m(USD).

Subsequently, the NDC signed an agreement to pay the obnoxious money in 2 years to IPPs without any benefit.

“That is the nature of burden the NPP administration is having to carry.
“We can not as politicians commit the country into such things then turn around and ask questions”, the statement of Mr Kojo Oppong Nkrumah.

By: Joe Marfo

222

Trending Stories

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