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Mid-Year-Review: “I expect revenue target and energy issues addressed”—Osei-Kyei

Leader of Government Business Osei Kyei-Mensah-Bonsu has said he expect that Finance Minister Ken Ofori Atta in the mid-year-budget review would address issues of the country not meeting its revenue target and address excess energy agreement signed. 

According to the Majority Leader people are calling for delivery of infrastructure especially roads, hence the dedication of every Friday in Parliament for the sector Minister to take questions.

He further said areas like health, education, double track system has to be addressed, as at the macro level we are growing and in monumental terms of Gross Domestic Product (GDP) growth inflation and interest rate and building of international reserves are there to be addressed.
  
Mr. Osei Kyei-Mensah-Bonsu noted that there are challenges in the energy sector that has to be addressed, with the previous administration entering into some contracts to propel generation of power so that dumsor would be behind us.

Given the arrangement and commitment made, the power generation the facility is exerting considerable burden on the national coffers. “What arrangement can we make as a nation to lift ourselves off otherwise perpetually, otherwise we would be ripping ourselves with huge debts”. 

As to whether three years on we should still be talking about energy agreement, he responded by saying, you enter into contract agreement with these IPPs AMERI, CARPOWER etc and it is take or pay arrangement.

“You generate four thousand six hundred megawatt there is excess capacity of about two thousand, we have to pay for the excess because of the arrangement we entered into, when at the moment peak demand is around two thousand six hundred megawatt”.

That is why we call them take or pay, “if you take you pay if you do not take you would pay as to how much we are paying every month it is a huge amount we are paying every month”, he lamented in an interview with journalists in Parliament.

“We are anticipating that the mid-year-budget review we would streamline some of these things, as the Minister in the onset indicated to Ghanaians how government want to restructure our debt, if he has succeeded he should tell us if not how much are we paying every month and what we would do going ahead”.

We need to hear from the Minister the remedy on this but it is not for today but day after tomorrow. On taxes, he noted that because we removed twenty percent on petroleum, revenues are falling, and suggested that if ten percent is brought back it would give us some respite.

He further pointed out that he would not pretend to know what the Finance Minister would bring to the House on Monday, he has the ultimate responsibility, we should listen to him and be able to do some assessment.    

Kwaku Sakyi-Danso/ghanamps.com

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