The Ministry of Power says it cannot quantify the cost of the erratic power supply on the economy, citizens.
This was in response to a question posed by the Member of Parliament for Nabdam, Gambila Adagbila who wanted to find out “whether there have been attempts to quantify the losses to the national economy of the electricity power outages for the year 2012, 2013, and January to September 2014.”
[contextly_sidebar id=”vee019IOCHPdZL162ovVXKaSh351rGxD”]Responding to the question, the Power Ministry said: “The Ministry of Power lacks the competence to quantify the loss.”
Ghana has for the past three years been experiencing erratic power cuts triggered by inconsistent power supply.
According to the Institute of Statistical, Social and Economic Research’s (ISSER), Ghana loses about $2.2 million daily and $686.4 million annually due to the power crisis.
This is according to ISSER is cost per kilowatt analysis by the Institute’s Economic Division.
Earlier, the Ghana Employers’ Associations alleged that due to the erratic power cuts close to 13,000 workers were sacked in the first quarter of 2015.
Cold store owners at the Tema Harbour had lamented that the power crisis is badly affecting their business as cartons of fish are left to go bad and discarded on a daily basis.
They claim that alternative power sources are unable to provide the required energy needed by their refrigerators.
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By: Godwin A. Allotey/citifmonline.com/Ghana