AIRLINK 176.99 Decreased By ▼ -19.66 (-10%)
BOP 10.15 Increased By ▲ 0.01 (0.1%)
CNERGY 6.59 Decreased By ▼ -0.10 (-1.49%)
FCCL 33.00 Decreased By ▼ -0.02 (-0.06%)
FFL 16.26 Decreased By ▼ -0.39 (-2.34%)
FLYNG 22.45 No Change ▼ 0.00 (0%)
HUBC 126.48 Decreased By ▼ -0.81 (-0.64%)
HUMNL 13.85 Decreased By ▼ -0.05 (-0.36%)
KEL 4.72 Decreased By ▼ -0.04 (-0.84%)
KOSM 6.35 Decreased By ▼ -0.02 (-0.31%)
MLCF 42.25 Increased By ▲ 0.03 (0.07%)
OGDC 210.10 Decreased By ▼ -2.93 (-1.38%)
PACE 6.92 Decreased By ▼ -0.09 (-1.28%)
PAEL 40.26 Decreased By ▼ -0.61 (-1.49%)
PIAHCLA 17.50 Increased By ▲ 0.68 (4.04%)
PIBTL 8.36 Increased By ▲ 0.07 (0.84%)
POWER 8.81 Decreased By ▼ -0.01 (-0.11%)
PPL 181.50 Decreased By ▼ -2.07 (-1.13%)
PRL 37.65 Decreased By ▼ -0.62 (-1.62%)
PTC 24.28 Increased By ▲ 0.21 (0.87%)
SEARL 94.60 Decreased By ▼ -0.51 (-0.54%)
SILK 1.01 Increased By ▲ 0.01 (1%)
SSGC 39.60 Decreased By ▼ -0.71 (-1.76%)
SYM 17.81 Decreased By ▼ -0.40 (-2.2%)
TELE 8.65 Decreased By ▼ -0.08 (-0.92%)
TPLP 12.52 Increased By ▲ 0.31 (2.54%)
TRG 63.80 Decreased By ▼ -0.56 (-0.87%)
WAVESAPP 10.49 Increased By ▲ 0.05 (0.48%)
WTL 1.75 Decreased By ▼ -0.04 (-2.23%)
YOUW 4.05 Increased By ▲ 0.05 (1.25%)
BR100 11,675 Decreased By -48.5 (-0.41%)
BR30 35,086 Decreased By -273.3 (-0.77%)
KSE100 112,469 Decreased By -169.1 (-0.15%)
KSE30 35,318 Decreased By -140.2 (-0.4%)

Ghana's President John Mahama created a ministry of power on Saturday in a fresh bid to resolve a long-standing electricity crisis that has slowed economic growth and frustrated citizens with frequent power cuts. Kwabena Donkor, the chairman of parliament's energy committee, will head the new ministry, according to a statement from the presidency. Donkor, a former deputy energy minister, was not immediately available for comment.
Power production was previously overseen by the energy ministry, which was also responsible for managing Ghana's upstream oil and gas sector. The West African state generates much of its power from three hydro-electric dams that do not produce enough energy to satisfy an economy projected to grow at 6.9 percent this year.
It also imports natural gas from Nigeria via the West African Pipeline Company and will soon have offshore gas from the Jubilee field once a delayed pipeline and processing plant at Atuabo comes online. On Friday, Mahama sacked the head of the state Electricity Company of Ghana, which is seen by experts as the least efficient of a chain of state power companies.

Copyright Reuters, 2014

Comments

Comments are closed.