{"id":312276,"date":"2017-04-19T18:46:18","date_gmt":"2017-04-19T18:46:18","guid":{"rendered":"http:\/\/citifmonline.com\/?p=312276"},"modified":"2017-04-19T18:46:18","modified_gmt":"2017-04-19T18:46:18","slug":"acep-backs-govt-plan-to-sell-stakes-in-vra","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/04\/acep-backs-govt-plan-to-sell-stakes-in-vra\/","title":{"rendered":"ACEP backs gov&#8217;t plan to sell stakes in VRA"},"content":{"rendered":"<p>The \u00a0Africa\u00a0 Centre for\u00a0 Energy Policy (ACEP) is in support of government\u2019s plan to sell a majority of its stake in the Volta River Authority (VRA).<\/p>\n<p>Speaking to <strong>Citi News<\/strong>,\u00a0the Executive Director of ACEP, Ben Boakye said this, specifically the sale of the thermal component of VRA, will improve efficiency and accountability.<\/p>\n<p>&#8220;We have held the position that Ghana needs to diversify the thermal component of VRA\u2019s operations. What we have is a situation where, because the government owns VRA, the procurement process is actually hijacked by government and ministers and not the VRA we are supposed to hold accountable.&#8221;<\/p>\n<p>&#8220;So what you tend to see is that, because that component of the institution is micro-managed by the government, they have ended up in so much debt. It is actually the thermal component of VRA\u2019s operation that is killing the company.&#8221;<\/p>\n<p>&#8220;Once there isn\u2019t much problem with the hydro component the government should hive of the thermal component and give it into private hands so that the procurement of crude oil\u2026 will no more be the role of government so that we can have that efficiency required,\u201d Mr. Boakye explained.<\/p>\n<p>A\u00a0Deputy Minister of Finance, Charles Adu-Boahen, disclosed to <strong>Citi News<\/strong>, government\u2019s plans to bring in private sector operators to manage the VRA.<\/p>\n<p>He explained that private sector participation will ensure efficiency and lead to the production of power at a much cheaper price for Ghanaians.<\/p>\n<p>&#8211;<\/p>\n<p>By: Delali Adogla-Bessa\/citifmonline.com\/Ghan<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The \u00a0Africa\u00a0 Centre for\u00a0 Energy Policy (ACEP) is in support of government\u2019s plan to sell a majority of its stake in the Volta River Authority (VRA). Speaking to Citi News,\u00a0the Executive Director of ACEP, Ben Boakye said this, specifically the sale of the thermal component of VRA, will improve efficiency and accountability. &#8220;We have held [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":160506,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32],"tags":[699,3,1838],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ACEP backs gov&#039;t plan to sell stakes in VRA - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2017\/04\/acep-backs-govt-plan-to-sell-stakes-in-vra\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ACEP backs gov&#039;t plan to sell stakes in VRA - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"The \u00a0Africa\u00a0 Centre for\u00a0 Energy Policy (ACEP) is in support of government\u2019s plan to sell a majority of its stake in the Volta River Authority (VRA). Speaking to Citi News,\u00a0the Executive Director of ACEP, Ben Boakye said this, specifically the sale of the thermal component of VRA, will improve efficiency and accountability. &#8220;We have held [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2017\/04\/acep-backs-govt-plan-to-sell-stakes-in-vra\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. 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