‘Power crisis will affect transformation agenda’

Dr Anthony Akoto-Osei, the ranking member on the Finance Committee of Parliament, says the transformation agenda of the 2015 budget may not be achieved if the current energy crisis is not resolved.

He said it was important for the government to tell Ghanaians the truth about the current energy crisis so that people would assist in resolving the challenge which is seriously affecting the economy.

“No economic growth or transformation of the economy can be achieved this year without regular supply of energy,” he said.

Dr. Akoto-Osei was delivering a lecture on the 2015 budget, organised by the Centre for Public Accountability of the University of Professional Studies, Accra (UPSA) in Accra.

The lecture was to create a platform for the Chairman of the Finance Committee of Parliament, Mr James Avedzi, and his ranking member, Dr Akoto-Osei to educate the public on the 2015 budget.

Dr. Akoto-Osei described the 2015 budget presented to Parliament as “dead on arrival”, stating that, the estimated revenue for the year would not be met due to the current energy crisis, increase in the minimum wage that was done after the budget had been presented to parliament and the drastic fall in the price of crude oil on the international market.

“We estimated $1.2 billion to be from oil, basing it on $99 per barrel in the budget,” he said, adding that all these were clear indications of what he meant by “dead on arrival”.

By Joseph Edu Archison

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