{"id":375687,"date":"2017-11-20T14:40:25","date_gmt":"2017-11-20T14:40:25","guid":{"rendered":"http:\/\/citifmonline.com\/?p=375687"},"modified":"2017-11-20T14:43:11","modified_gmt":"2017-11-20T14:43:11","slug":"ghana-must-take-advantage-of-africas-energy-deficit-kufuor","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/11\/ghana-must-take-advantage-of-africas-energy-deficit-kufuor\/","title":{"rendered":"Ghana must take advantage of Africa\u2019s energy deficit \u2013 Kufuor"},"content":{"rendered":"<p>Former President John Agyekum Kufuor is optimistic that Ghana can grow its energy sector to become an exporter of power on the African continent.<\/p>\n<p>According to him, the huge deficit in <span style=\"color: #666699;\"><a href=\"http:\/\/citifmonline.com\/2017\/09\/04\/ghanas-journey-weaning-itself-off-nigerias-gas-supply-report\/\"><strong>power supply<\/strong> <\/a><\/span>on the continent, presents an opportunity for Ghana to earn foreign exchange through direct supply to countries such as Nigeria that have a great need for power.<\/p>\n<p>[contextly_sidebar id=&#8221;9KuEpMtFoll8q774nvzKTJ0DY5y3DeKn&#8221;]Kufuor, however insists that government must ensure that there is enough supply to meet local demand.<\/p>\n<p>He made the comment in an interview with <strong>Citi News<\/strong> on the sidelines of the re-branding of Strategic Security Systems, a solar manufacturing company in Tema.<\/p>\n<p>\u201cThe world is run on energy, essentially electricity. We understand there is a huge shortage of energy supply around our continent. In West Africa alone, it is about 40 gigawatt. That is a lot, so if we think of generating electricity as an export commodity, of course, we satisfy the local market, but with some to spare to our neighbours,\u201d he said.<\/p>\n<p>Former President Kufuor added that, although Ghana already exported power to its northern neighbour, Burkina Faso, it needed to consider exporting power to Nigeria, whose demand is greater and can earn Ghana more foreign exchange.<\/p>\n<p>\u201cAlready, Ghana is exporting about 100mw to Burkina Faso, but if we focus on Nigeria with all its resources, Ghana might export easily 1000 megawatts, and the returns, hard currency earnings we get from that might even exceed what we get from our very traditional export like cocoa,\u201d he said.<\/p>\n<p>The former president urged the government to heavily invest in the sector to ensure its growth and capacity to become a leading power exporter.<\/p>\n<p><strong>We\u2019ll save $7.2bn from 11 terminated power deals \u2013 Agyarko<\/strong><\/p>\n<p>He also called on the government to support <span style=\"color: #666699;\"><a href=\"http:\/\/citifmonline.com\/2017\/08\/12\/investors-upbeat-about-moves-to-clear-energy-sector-debts\/\"><strong>private power companies<\/strong><\/a><\/span> to help them scale up and produce more for local consumption and export.<\/p>\n<p>The advice by the former President comes at a time when Government has abrogated some <span style=\"color: #666699;\"><strong><a href=\"http:\/\/citifmonline.com\/2017\/11\/17\/well-save-7-2bn-from-11-terminated-power-deals-agyarko\/\">eleven power contracts<\/a><\/strong><\/span>.<\/p>\n<p>Ghana is expected to save $7.217 billion from the\u00a0termination\u00a0of 11 Power Purchase Agreements (PPA) over a 13 year period, the Energy Minister, Boakye Agyarko has said.<\/p>\n<p>These terminations, following a recent review, will come at cost of\u00a0$402.39 million, Mr. Agyarko told Parliament on Friday.<\/p>\n<p><strong>NPP \u2018stopping\u2019 Ghana from exporting electricity \u2013 Mutawakilu<\/strong><\/p>\n<p>Following the termination of the contracts, a member of the National Democratic Congress (NDC) Minority in Parliament, Adams Mutawakilu, has accused the Akufo-Addo\u00a0government of impeding former President John Mahama\u2019s vision of<span style=\"color: #666699;\"><strong><a href=\"http:\/\/citifmonline.com\/2017\/11\/20\/npp-stopping-ghana-from-exporting-electricity-mutawakilu\/\"> making Ghana a net exporter of electricity<\/a><\/strong><\/span>.<\/p>\n<p>\u201cThey have narrowed it to the national demand, per the minster\u2019s [Boakye Agyarko] response. He never included government\u2019s vision to make Ghana an energy exporter or a power exporter, and I think that we need to look at it broadly than just limiting it to Ghana\u2019s needs.\u201d<\/p>\n<p>\u201cCurrently, we consume at peak 2225 MW, but currently we have 4500 MW\u2026 if we don\u2019t take time, the vision President Mahama had for this country of being a net exporter of power might not be achieved,\u201d Mr. Mutawakilu added.<\/p>\n<p>&#8211;<\/p>\n<p>By: Jonas Nyabor\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former President John Agyekum Kufuor is optimistic that Ghana can grow its energy sector to become an exporter of power on the African continent. According to him, the huge deficit in power supply on the continent, presents an opportunity for Ghana to earn foreign exchange through direct supply to countries such as Nigeria that have [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":215569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,5,11],"tags":[14765,3,10502,14764],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ghana must take advantage of Africa\u2019s energy deficit \u2013 Kufuor - 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\/11\/ghana-must-take-advantage-of-africas-energy-deficit-kufuor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana must take advantage of Africa\u2019s energy deficit \u2013 Kufuor - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"Former President John Agyekum Kufuor is optimistic that Ghana can grow its energy sector to become an exporter of power on the African continent. According to him, the huge deficit in power supply on the continent, presents an opportunity for Ghana to earn foreign exchange through direct supply to countries such as Nigeria that have [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2017\/11\/ghana-must-take-advantage-of-africas-energy-deficit-kufuor\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/citi97.3\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-20T14:40:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-11-20T14:43:11+00:00\" \/>\n<meta name=\"author\" content=\"Jonas Nyabor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@citi973\" \/>\n<meta name=\"twitter:site\" content=\"@citi973\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jonas Nyabor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citifmonline.com\/2017\/11\/ghana-must-take-advantage-of-africas-energy-deficit-kufuor\/\",\"url\":\"https:\/\/citifmonline.com\/2017\/11\/ghana-must-take-advantage-of-africas-energy-deficit-kufuor\/\",\"name\":\"Ghana must take advantage of Africa\u2019s energy deficit \u2013 Kufuor - Citi 97.3 FM - Relevant Radio. Always\",\"isPartOf\":{\"@id\":\"https:\/\/citifmonline.com\/#website\"},\"datePublished\":\"2017-11-20T14:40:25+00:00\",\"dateModified\":\"2017-11-20T14:43:11+00:00\",\"author\":{\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/476b2fb2e9233445afbfa2662d85fe6b\"},\"breadcrumb\":{\"@id\":\"https:\/\/citifmonline.com\/2017\/11\/ghana-must-take-advantage-of-africas-energy-deficit-kufuor\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citifmonline.com\/2017\/11\/ghana-must-take-advantage-of-africas-energy-deficit-kufuor\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citifmonline.com\/2017\/11\/ghana-must-take-advantage-of-africas-energy-deficit-kufuor\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citifmonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ghana must take advantage of Africa\u2019s energy deficit \u2013 Kufuor\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citifmonline.com\/#website\",\"url\":\"https:\/\/citifmonline.com\/\",\"name\":\"Citi 97.3 FM - Relevant Radio. Always\",\"description\":\"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citifmonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/476b2fb2e9233445afbfa2662d85fe6b\",\"name\":\"Jonas Nyabor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b74e004fce505330b7ba17aeaae177b3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b74e004fce505330b7ba17aeaae177b3?s=96&d=mm&r=g\",\"caption\":\"Jonas Nyabor\"},\"url\":\"https:\/\/citifmonline.com\/author\/jonas\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ghana must take advantage of Africa\u2019s energy deficit \u2013 Kufuor - Citi 97.3 FM - Relevant Radio. Always","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citifmonline.com\/2017\/11\/ghana-must-take-advantage-of-africas-energy-deficit-kufuor\/","og_locale":"en_US","og_type":"article","og_title":"Ghana must take advantage of Africa\u2019s energy deficit \u2013 Kufuor - Citi 97.3 FM - Relevant Radio. Always","og_description":"Former President John Agyekum Kufuor is optimistic that Ghana can grow its energy sector to become an exporter of power on the African continent. According to him, the huge deficit in power supply on the continent, presents an opportunity for Ghana to earn foreign exchange through direct supply to countries such as Nigeria that have [&hellip;]","og_url":"https:\/\/citifmonline.com\/2017\/11\/ghana-must-take-advantage-of-africas-energy-deficit-kufuor\/","og_site_name":"Citi 97.3 FM - Relevant Radio. Always","article_publisher":"https:\/\/www.facebook.com\/citi97.3","article_published_time":"2017-11-20T14:40:25+00:00","article_modified_time":"2017-11-20T14:43:11+00:00","author":"Jonas Nyabor","twitter_card":"summary_large_image","twitter_creator":"@citi973","twitter_site":"@citi973","twitter_misc":{"Written by":"Jonas Nyabor","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/citifmonline.com\/2017\/11\/ghana-must-take-advantage-of-africas-energy-deficit-kufuor\/","url":"https:\/\/citifmonline.com\/2017\/11\/ghana-must-take-advantage-of-africas-energy-deficit-kufuor\/","name":"Ghana must take advantage of Africa\u2019s energy deficit \u2013 Kufuor - Citi 97.3 FM - Relevant Radio. Always","isPartOf":{"@id":"https:\/\/citifmonline.com\/#website"},"datePublished":"2017-11-20T14:40:25+00:00","dateModified":"2017-11-20T14:43:11+00:00","author":{"@id":"https:\/\/citifmonline.com\/#\/schema\/person\/476b2fb2e9233445afbfa2662d85fe6b"},"breadcrumb":{"@id":"https:\/\/citifmonline.com\/2017\/11\/ghana-must-take-advantage-of-africas-energy-deficit-kufuor\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citifmonline.com\/2017\/11\/ghana-must-take-advantage-of-africas-energy-deficit-kufuor\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/citifmonline.com\/2017\/11\/ghana-must-take-advantage-of-africas-energy-deficit-kufuor\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citifmonline.com\/"},{"@type":"ListItem","position":2,"name":"Ghana must take advantage of Africa\u2019s energy deficit \u2013 Kufuor"}]},{"@type":"WebSite","@id":"https:\/\/citifmonline.com\/#website","url":"https:\/\/citifmonline.com\/","name":"Citi 97.3 FM - Relevant Radio. Always","description":"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citifmonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/476b2fb2e9233445afbfa2662d85fe6b","name":"Jonas Nyabor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b74e004fce505330b7ba17aeaae177b3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b74e004fce505330b7ba17aeaae177b3?s=96&d=mm&r=g","caption":"Jonas Nyabor"},"url":"https:\/\/citifmonline.com\/author\/jonas\/"}]}},"_links":{"self":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/375687"}],"collection":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/comments?post=375687"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/375687\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media\/215569"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media?parent=375687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/categories?post=375687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/tags?post=375687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}