Business Analyst - June 9

Thursday, June 9, 2022
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ECG to publish names
of ‘power thieves’
tHe electricity Company of
Ghana Limited (eCG) has
stated that it will soon publish
names of persons who
steal electricity in the country.
According to the eCG, it will conduct
an audit of all meters soon.
As part of this field survey, it noted
that teams of eCG officials will be deployed
to update customer information.
eCG stated that the officials are
going to audit postpaid customers who
have meters but do not receive bills as
well as Prepaid customers who do not
purchase electricity credits.
they will also look out for customers
whose meters are faulty and also, customers
who have bypassed or tampered
with their meters and are therefore not
paying for the full cost of power usage.
Aside from that, the officials will also
check customers who have engaged in
any form of electrical illegality, etc.
the eCG has therefore given customers
a MorAtorIUM of one month,
beginning 7th June to 6th July 2022, to
report to our District/regional offices for
rectification of the above issues.
“Please note that after this moratorium,
customers who are caught stealing
electricity, which is criminal, will be
charged with the offense of stealing in
accordance with the law. their names
shall also be published widely,” eCG
stated.
GSA wants collaboration between
Ghana, Egypt to boost trade ties
tHe Ghana shippers’ Authority (GsA)
has called for a strong collaboration between
Ghana and egypt to help boost
the trade ties between both countries.
“statistics from the GsA indicated
that a total of 1,220 metric tonnes of
commodities were exported from
Ghana to egypt in 2021.
Cocoa products constituted
the largest of the export (834
metric tonnes) followed by
Machinery and other equipment
(192 metric tonnes),
Cocoa Beans (104 metric
tonnes) and General Cargo
(89 metric tonnes).
“It is expected that
greater collaboration would
see exponential growth in
the trade figures in the
coming years,” a release issued
by the GsA on May 31
said.
It said in 2020, Ghana exported
$12.3 million worth
of goods to egypt, adding
that the main products exported
from Ghana to egypt
were Cocoa Paste ($8.07M),
Cocoa Powder ($1.2M), and
Machinery Having Individual
Functions ($811k).
the release said during the last 25
years exports from Ghana to egypt increased
at an annualised rate of 12.6 per
cent, from $633 thousand in 1995 to
$12.3 million in 2020.
“egypt exports to Ghana was
Us$128.59 Million during 2021, according
to the United nations CoMtrADe
database on international trade,” it
added.
Courtesy call
It said the GsA has begun processes
to improve the trade facilitation procedures
between Ghana and egypt for the
mutual benefit of shippers in both
countries.
As a result, the GsA paid a courtesy
call on the Commercial Minister
Plenipotentiary in charge of Ghanaegypt
relations at the embassy of egypt
in Accra, Aly Mohamed Basha, to discuss
areas of interest in terms of trade
facilitation between both countries.
the Head of shipper services and
trade Facilitation of the GsA, Monica
Josiah, briefed him on the efforts by the
GsA to improve trade relations
between the two
countries and also sensitised
him to the GsA’s
mandate.
she called on industry
players of Africa to come
up with a liner vessel to
serve the continent as it
would be key to supporting
the ongoing implementation
of the African Continental
Free trade Area
Agreement (AfCFtA).
“We have noticed that
shipping inter-connectivity
within Africa is very
low and that is affecting
the whole continent; currently
if I have to ship
goods to egypt, I may have
to do so through another
country and this is worrying,”
she said.