Ghana Power Crisis lingers on as power barges stuck in Turkey

Power Minister, Dr Kwabena Donkor’s promise to Ghanaians, that he will solve the recurring energy problem by December 2015 is increasingly looking shaky.

The emergency power barges, being built in Turkey to help solve the energy problems in Ghana have still not left the shores of that country for unknown reasons.

According to the Director of Generation and Transmission at the Ministry of Power, William Sam-Appiah, the power barges may take about a month to arrive in Ghana, that is if it finally leaves Turkey.

“It hasn’t left the[Turkish port yet but it is moving soon,” he noted.

Government had initially promised the two facilities would come in the first quarter of 2015 but was rescheduled to September.

Ghana had contracted Karpowership to build two power barges which was scheduled to arrive in Ghana by September 2015.

The two barges are expected to supply the country with additional 450 megawatts of power.

President John Mahama earlier in the year said he would hold Dr Kwabena Donkor to his word.

“I will hold the minister to his publicly stated commitment to resolve the electricity supply deficit by the end of this year,” Mahama said. Speaking to Accra based TV3, William Sam-Appiah said despite the delay, he was hopeful the barges would be in before next month. “There are a few things that they are being done on the barge. It will start sailing and it will be in by the end of the month or a week into the month,” he added. Mr Sam-Appiah  said the timing is such that by the time the barges arrive the construction of transmission lines would have also been completed  so “we can get power out of the barge into the system.” Meanwhile, government has also said it is working on other projects to increase the generation capacity of the country to permanently solve the recurring energy issues.

Credits : Citifmonline

Why invest in Ghana Real Estates

Real estate investing is a profitable business worldwide. The only investment that comes close in profitability and sometimes beats property investing is stocks investing.

So, there's no doubt about it . . . investment in real estate pays big time. And unlike stocks, it's a far more stable commodity to trade in.

Real estate investment in Accra Ghana is far more profitable than elsewhere because this is an emerging market. And there is little or no government regulation in terms of pricing and property values.

Consequently, you stand a chance of making big money if you invest right.

Here are five reasons why you should give real estate investing serious thought.

  Reasons Why You Should Get Into 

Property Investing

1. Property values appreciate fast

Property prices in Accra is constantly rising.Especially in the prime Areas ,such as cantonments, Airport residential , ridge , east legon e.t.c

Property owners and landlords are constantly increasing prices and rent. Therefore, any money you put in  real estate is money well invested.

2.Accra is the commercial nerve center of Ghana. It is the center of commerce, and fast becoming a cosmopolitan city  as its also serves as network point to other parts of west Africa . Businesses are everywhere . . and more are coming. More businesses mean better standard of living. And more people ready to buy property.

3.Accra is constantly expanding.  This means that property you're buying that appear to be in the suburb, may soon become a property in a commercial neighborhood.

That means more money for you because properties in that area will appreciate in value faster than you imagined.

4. There is a ready market
With the constant influx of expatriates , foreign missions and multinational companies , there is a constant request for both residential and commercial properties .

Property ownership is considered to be the ultimate achievement in African societies. You're not considered to have attained something concrete unless you at least own a house.

This is good news for you the property investor. It means you will always have ready buyers.

5. Money lose value over time. If you keep your money in a bank, inflation will eat away its value. Ten years from today, that huge amount you have in your bank account will be worthless.

 

However, if you invest it in real estate, your investment will take care of your retirement.

Real estate investing is actually a two-edged sword.

It helps you save money

It grows your money

A Word of Caution

Do not jump into property investing. First speak to an investment expert.

A
property investment expert will carry out a property appraisal to ascertain the true value of a property before advising you to buy.

In addition, a home inspection expert knows the market. His knowledge and experience can make the difference between being scammed by touts or being blessed with a profitable property.

Spending your money carelessly?

Don't.

Invest it instead. That way you leave a legacy for future generations. And they will love you for it.

Tetteh Quarshie footbridge finally opened

The new footbridge constructed to enhance free and safe movement of pedestrians across the 37-Madina highway atTetteh Quarshie has been commissioned for public use.

The disability-friendly footbridge was constructed by Waagner Biro Bridge Systems AG as part of a $8.5million project to construct four pedestrian bridges at hazardous road locations in Accra and Kumasi.

Cutting the sod for the official use of the bridge, Chief of Staff, Mr. Julius Debrah called for intensified public education to discourage the public from endangering their lives by running across the highway. He said, the casualty rate on the stretch necessitated interventions such as the footbridge to ensure safety of the commuting public.

Minister of Roads and Highways, Inusah Fuseini emphasized that pedestrians will be restricted from crossing the highway to ensure they necessarily use the footbridge.

According to him, Ghana’s high scores in road safety in Africa could be attributed to the construction of the safety bridges.

He added that plans were far advanced for the construction of a similar footbridge at Shiashie also on the same stretch, theKwame Nkrumah University of Science and Technology (KNUST) junction in Kumasi and the Mallam market site.