GRIDCO worker’s emergency services withdrawal will affect economy – Energy economist
Gideon Ofosu-Peasah, an energy economist is worried that
should the Ghana Grid Company (GRIDCo) workers withdraw its emergency services
as it has threatened, the economy and individuals will be severely affected.
The expert explained that there is no major power supplier
in the country apart from GRIDCo hence halting its power services to
institutions such as the Electricity Company of Ghana (ECG), VALCO will cut
power stability.
It is established that there is a direct relationship
between energy and economic growth. In Ghana, the more consumption of power,
the more the economy experiences positive growth as confirmed by experts.
“Once they withdraw emergency services, there will be
regular power outages. When it happens like this, it will affect livelihood and
businesses. For instance in hospitals where there is a surgery, and
unfortunately, the medical facility experience unexpected power cuts, and the
generators do not work, it means lives will be lost.” He noted.
On commerce, he said constant power outages will affect
productivity since companies and businesses thrive on power. A negative effect,
he said, will only hike inflation rate because of fueling a generator as an
alternative for production.
His comments fall on the back of an impending strike by the staff of GRIDCo who have threatened to subsequently impress on the management
of the power generator to cut power supply to customers who have huge sums of
outstanding bills to settle.
The action according to the staff association is
necessitated by the failure of the companies to fulfil their debt obligations
which is crippling the activities of GRIDCo.
National Chairman of Staff Group of GRIDCo, Raphael Kornor,
said the indebtedness was not only affecting energy generation but is having effect on the efforts of the company to continuously maintain its equipment.
He revealed that as of March 1, 2019, ECG's outstanding debt
to GRIDCo stood at GH¢607 million and another GH¢94,204,903.17 while VALCO owed
it GH¢32,567,974.05 and NEDCo's debt stood at GH¢177 million as at September
30, 2019.
The expert recommended that ECG will have to strengthen its
revenue mobilization by indulging in an active follow up of unpaid arrears.
The Deputy Director of Africa Center For Energy And
Environmental Sustainability (ACEES) reiterated an increase in monitoring will
decrease power theft because people are “stealing” power and getting away with
it.
“Some people are using power but they are not paying bills
due to illegal connections. So they (ECG), have to look out for new estates
especially where new houses are sprang as well as slums.”
Again, he suggested that due to bulk power, consumers such
as VALCO, should rely on cheap power sources like hydro or natural gas or crude
oil, which is relatively cheaper, to sustain the work VALCO does.
0 comments: