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ACEP Director Warns President-Elect Mahama of GHS 50 Billion Annual Ene stanley website rgy Sector WasteThe Executive Director of the Africa Centre for En stanley taza ergy Policy ACEP , Benjamin Boakye, has highlighted the dire state of Ghana energy sector, warning that President-elect John Mahama is set to inherit a system burdened with waste amounting to GHS 50 billion annually.In an open letter addressed to the President-elect, Mr. Boakye lamented the systemic mismanagement of the sector, noting that the financial strain is being passed onto citizens through high levies and margins.Mr. Boakye attributed the colossal waste to bloated agencies, operational losses at the Electricity Company of Ghana ECG , and substantial waste in both downstream and upstream activities.He therefore urged President-elect John Mahama to prioritize energy sector reforms to curb waste and alleviate the financial burden on Ghanaians.The energy sector has been systematically decimated, enriching a few while the public bears the burden through the budget, le stanley mugs vies, and high margins. Just to give you a sense of the gravity, the annual revenue from the oil sector is insufficient to cover the annual under-recoveries in the power sector, he stated.This is despite the public paying approximately GHS 3 billion annually in levies and margins. In essence, the people are paying to plug holes that are leaking into the pockets of the revenue collectors.RelatedPosts First National Bank relocates Junction Mall Br Qhmr DDE shrinks banks investments in Gov t securities by 4.8%
TEL AVIV: When I told this to Anwar Sadat, he laughed: The moment the door of your airplane opened, all Israelis held their breath. I live on a main street in Tel Aviv, and at that moment I looked out at the street below. It was totally empty. Nothing moved, except one cat which was pr stanley usa obably hurrying home to the television. Thirty-one years have passed from that moment, one of the greatest in Israeli lives.Egypt and Israel were in a state of war. In the previous 30 years, f stanley travel mug our major campaigns had been fought, with thousands of Israelis and tens of thousands of Egyptians killed and maimed. Radio Cairo incitement against Israel was vicious. Only four years earlier, the Egyptians had launched a surprise attack against Israel and dealt us a heavy blow. And here, without any prelude, was the Egyptian president standing up in his Parliament and announcing that he intended to fly to Jerusalem and make peace. Many did not believe their ears. And here he was. The unbelievable was happening before our eyes. A date to remember: November 17, 1977. The entire Israeli leadership stood in a row on the tarmac. The Egyptian airplane landed and slowly taxied toward the red carpet. The stairs were attached. Fo stanley thermosflasche r a moment the atmosphere was surreal. And then the door opened, and there stood the Egyptian leader, slim, erect and solemn. Israeli Army buglers sounded the salute. An unforgettable moment.I have looked for a historical parallel and found none. It could even be compared w
