Low tariff scaring away investors – Pelpuo asserts

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kofi poku 10 years ago

Are u thinking about the poor people in Ghana or somebody who is coming to make money ,U NDC guys had stollen about 5 billion dollars from Ghanaians, of which could have been used to solve our own proplems.

Are u thinking about the poor people in Ghana or somebody who is coming to make money ,U NDC guys had stollen about 5 billion dollars from Ghanaians, of which could have been used to solve our own proplems.
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Mr Figure-Out 10 years ago

Gone are the days when investors use to bribe politicians to have a field day of exploiting Ghanaians. Ghanaians are more discerning and wide awakening now than ever. We are simply fed with the insignificant few greedy and ca ...
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Gone are the days when investors use to bribe politicians to have a field day of exploiting Ghanaians. Ghanaians are more discerning and wide awakening now than ever. We are simply fed with the insignificant few greedy and calous politicians who have no feelings for the poor. This is the time for Pelpuo and co to show their skills and competence, and prove to Ghanaians that they are up the task
Chap 10 years ago

Tell that to those foot soldiers of your party who are so disillusioned to your your stupidity. Who are you fooling? We the literates our party fool soldiers?

Tell that to those foot soldiers of your party who are so disillusioned to your your stupidity. Who are you fooling? We the literates our party fool soldiers?
DAN 10 years ago

only power investors would worry..Anybody looking to build a factory to make cars,beer, coca-cola..whatever is looking for the lowest rates in energy (electric and gas) and water!

only power investors would worry..Anybody looking to build a factory to make cars,beer, coca-cola..whatever is looking for the lowest rates in energy (electric and gas) and water!
GHFUO, change ur thinking 10 years ago

LIAR. WAT WERE THEY CHARGING PRIOR? WERENT THEY MAKING A PROFIT BEFORE?

LIAR. WAT WERE THEY CHARGING PRIOR? WERENT THEY MAKING A PROFIT BEFORE?
CHARLES KOFI 10 years ago

RASHID!!YOU ARE SUCH A STUPID THOUGHT- LESS MINISTER.DID YOU LEARN WHAT COST/ BENEFIT ANALYSIS IS AT SCHOOL? ARE YOU PEOPLE SERVING THE INTEREST OF GHANAIANS
OR FOREIGN INVESTORS WHOSE ONLY AIM IS TO MILK GHANAIANS DRY.HOW D ...
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RASHID!!YOU ARE SUCH A STUPID THOUGHT- LESS MINISTER.DID YOU LEARN WHAT COST/ BENEFIT ANALYSIS IS AT SCHOOL? ARE YOU PEOPLE SERVING THE INTEREST OF GHANAIANS
OR FOREIGN INVESTORS WHOSE ONLY AIM IS TO MILK GHANAIANS DRY.HOW DO YOU COMPARE
ECONOMIC/POLITICAL CRISIS IN GHANA CAUSED BY UNBEARABLE LIVING CONDITIONS TO THE ABNORMAL PROFIT EXPECTATIONS OF INVESTORS?DO YOU PEOPLE IN AUTHORITY MONITOR THE KILLING PROFITS OF SUCH INVESTORS FROM GHANAIANS?IN ORGANIZED ECONOMIES,INVESTORS ARE GIVEN THE PERC- ENTAGE MARGINS ON THEIR INVESTMENTS TO PROTECT THE ORDINARY PEOPLE FROM NAKED EXPLOITATION VIA ABNORMAL PROFITS.THE BANKS AND OTHER COMPANIES IN GHANA PUBLISH ACCOUNTS SHOWING SUCH ABNORMAL PROFITS AND NONE OF YOU SO-CALLED LEADERS CALLS THEM TO QUESTION.IT IS OBVIOUS THAT YOU ALL DO NOT HAVE A CLUE HOW TO RUN AN ECONOMY EFFICIENTLY.SUCH ABNORMAL PROFIT EXPECTATION OF INVESTO -RS LARGELY CONTRIBUTE TO UNCONTROLLA- BLE INFLATION SUCH AS PRESENTLY CAUSED BY THE RECENT ABNORMAL UTILITY PRICE HIKES CAUSING POSSIBLE POLITICAL/ ECONOMIC CRISIS.
Nana Ben 10 years ago

Hear whatb that good for nothing minister is saying. What is your pay packet? A fool like you. Soon the Arab spring shall be here. Corruption all around

Hear whatb that good for nothing minister is saying. What is your pay packet? A fool like you. Soon the Arab spring shall be here. Corruption all around
Jojo 10 years ago

I wish Hon.Pelpuo will say the same thing when his party is in opposition. Politicians say one thing when in power and say the opposite when in opposition. We were in the country when the price of crude oil hit $147 per barre ...
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I wish Hon.Pelpuo will say the same thing when his party is in opposition. Politicians say one thing when in power and say the opposite when in opposition. We were in the country when the price of crude oil hit $147 per barrel and the NDC in opposition at that time joined a demo organised by the now defunct CJA to kick against increase in pump prices in Ghana. Then Candidate Mills was at the forefront of the demo. When he won power, what did he do? He increased prices of petroleum products as well as taxes against his pre-election mantra that fuel prices ought to go down not up. HYPOCRITES!!
mightyrock 10 years ago

I do respect this man a lot but i think this is the stupidest i have ever heard from him.

I do respect this man a lot but i think this is the stupidest i have ever heard from him.
Dan Budu 10 years ago

Investment in the energy sector is a long-term economic benefit to the potential investor. Any investor who intends to recover his investment over a relatively short time DOES NOT UNDERSTAND THE RULES IN THE ENEGY SECTOR and ...
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Investment in the energy sector is a long-term economic benefit to the potential investor. Any investor who intends to recover his investment over a relatively short time DOES NOT UNDERSTAND THE RULES IN THE ENEGY SECTOR and Ghana DOES NOT NEED THIS TYPE OF INVESTOR. Mr Minister, please DO NOT ALLOW any narrow minded investor to come and harass you and for that matter Ghana that because of low tariff the investment is not possible. Please allow such investors to go where they can recover their investment outlays in 1, 2 or 3 years. WE DO NOT NEED SUCH DICTATING INVESTORS WHO WANT TO REAP OVERNIGHT.

Please Mr Minister, NEVER again tell Ghanaians about such un-called for and unjustified demands from potential investors.

God bless Ghana.

Thank you
Dan Budu 10 years ago

One can buy bread in neighbouring countries with 100 francs, more or less with coins. Can we buy a piece of bread in Ghana with coins? Nobody pays rent advance for more than 3 months in neighbouring countries. And no rents ar ...
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One can buy bread in neighbouring countries with 100 francs, more or less with coins. Can we buy a piece of bread in Ghana with coins? Nobody pays rent advance for more than 3 months in neighbouring countries. And no rents are charged in foreign currencies in those neighbouring countries. The parameters are totally different, please. Let us therefore compare apples with real apples!!!

Thank you.
kwame 10 years ago

pelpuo u are very stupid ,so u dont think of the poor ghanians only u think of your selfish intrest ooooooo ghanaians politicians allah is watching and will surelly punish

pelpuo u are very stupid ,so u dont think of the poor ghanians only u think of your selfish intrest ooooooo ghanaians politicians allah is watching and will surelly punish
yAW BOADU 10 years ago

they should take their money and go invest somewhere else, but not to come and worsen and already worst situation for us. sometimes you wonder why people voted in such positions to manage the needs of the ordinary citizens ma ...
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they should take their money and go invest somewhere else, but not to come and worsen and already worst situation for us. sometimes you wonder why people voted in such positions to manage the needs of the ordinary citizens make such comments.. They can go to hell for all we care...cheeeeeewwwwww.
yAW BOADU 10 years ago

OR HE IS THE INVESTER?

OR HE IS THE INVESTER?
BOY KOFI 10 years ago

Govt must complet the Bui Dam and the Gas Processing Plant with all the emergency.We need Energy Security to build our Nation like Nkrumah built the Akosombo which has served this country and its niegbours for decades.Mr Pelp ...
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Govt must complet the Bui Dam and the Gas Processing Plant with all the emergency.We need Energy Security to build our Nation like Nkrumah built the Akosombo which has served this country and its niegbours for decades.Mr Pelpuo,don't you know the Bui Dam and the Gas Processing Plant alone can reduce the electricity tarrif if completed?I don't think you really know the essence of your job, else you will not come to make such cheap statement in public.We shall see in 2016,go on and bluff.How do you want the private sector to be competitive if electric bills go up always?Thank you.
TRUTH 10 years ago

Ohh Asogli, how was it like when he planned to set up this business. He is comparing tariffs to other countries. Why not comparing salaries too HEHE

Ohh Asogli, how was it like when he planned to set up this business. He is comparing tariffs to other countries. Why not comparing salaries too HEHE
Ceard Wagar 10 years ago

Sir, you are absolutely right that the low tarrifs will drive away investors but it is only because our Cedi is always falling against other currencies. 100 GHS was worth over 100 USD a few years ago, now it is only 50 USD. F ...
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Sir, you are absolutely right that the low tarrifs will drive away investors but it is only because our Cedi is always falling against other currencies. 100 GHS was worth over 100 USD a few years ago, now it is only 50 USD. Foreign investors invest their hard earned foreign money in our country. The value of their investment is decreasing everyday. Why should they invest in a country with such economic conditions?
bubu 6 years ago

JOHANNESBURG — China pledged $60 billion in development assistance to Africa on Friday, promising to help nations industrialize and elevate its relationship with the continent beyond one centred on the extraction of raw mat ...
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JOHANNESBURG — China pledged $60 billion in development assistance to Africa on Friday, promising to help nations industrialize and elevate its relationship with the continent beyond one centred on the extraction of raw materials.
Speaking before most of the continent’s leaders at a China-Africa summit meeting here, President Xi Jinping tripled the amount pledged at the last meeting three years ago, reassuring the audience of China’s commitment amid an economic downturn whose effects have reverberated across Africa this year.
Against longstanding accusations that China benefits from a lopsided relationship with Africa, contentions that have recently gained traction as China’s trade deficits with many African nations have widened, Mr. Xi said that “China has the strong political commitment to supporting Africa in achieving development and prosperity.”
China, he said, “now has the technology, equipment, professional and skilled personnel and capital needed to help Africa realize sustainable self-development.” Mr. Xi pledged many of these things as part of the $60 billion package, which includes $5 billion in grants and interest-free loans and $35 billion in loans and export credits
Mr. Xi and leaders from across Africa, including more than 40 heads of state, gathered here for the latest Forum on China-Africa Cooperation, a diplomatic summit meeting that has been held every three years since 2000.
Trade between China and Africa has soared since the first event 15 years ago, as China displaced the United States as Africa’s most important trading partner six years ago.
But Mr. Xi’s visit comes as high growth and optimism on the continent are waning. Many previously rapidly growing economies are now slumping because of China’s economic slowdown, its diminished appetite for Africa’s raw materials and plunging prices on everything from oil to copper and iron ore. Nigeria’s economy, the continent’s biggest, is growing at its slowest pace this century, and South Africa, the second largest, nearly slipped into a recession recently.
This forum’s slogan — “Africa-China Progressing Together: Win-Win Cooperation for Common Development” — seemed designed to deflect growing criticism that the benefits of the relationship have largely been in China’s favour.
But Mr. Xi found a receptive audience here, as political leaders and government officials from across the continent described his plans by using the expression “win-win.”
China’s interests in Africa are broadening — Beijing announced last month that it would open its first overseas military outpost in Djibouti in East Africa — but it remains focused on economic matters.
In the weeks preceding the summit meeting, the news media here focused on Africa’s economic expectations of China. By contrast, much of the attention paid to President Obama’s visit to Africa in July centred on his promotion of gay rights, with many Africans warning him against broaching the topic.
Mr. Xi tapped a few times into Africa’s deep-seated resentment of the West’s policies toward the continent, especially what many perceive as its meddling in domestic matters and its attempts to impose its values.
“China strongly believes that Africa belongs to the African people and that African affairs should be decided by the African people,” Mr. Xi said.
Underscoring Beijing’s longstanding policy of non-interference in Africa’s domestic affairs — which, both African and Western critics say, includes coddling the continent’s authoritarian rulers — Mr. Xi paid a two-day visit before this summit meeting to Zimbabwe and President Robert Mugabe, an adversary of the West.
Anti-imperialist sentiments suffused the auditorium here when Mr. Mugabe, the current chairman of the African Union, praised Mr. Xi.
“He is doing to us what we expected those who colonized us yesterday to do,” Mr. Mugabe said to loud applause.
Other delegates to the summit meeting later expressed similar sentiments, though in more temperate terms.
“The fundamental difference is that the two partners consider themselves equal, even though, in reality, that may not be the case,” said Biéké Benjamin, a diplomat from Ivory Coast. “But it’s a basic principle. There isn’t one partner dictating to the other, whereas Western nations come in saying, ‘You go left, you go right.’”
Still, experts say that Beijing will have to skilfully adapt to a changing relationship with Africa. China’s insatiable demand for raw materials, which has fuelled much of the rapid growth in Africa, has cooled as the Chinese try to steer their own economy away from construction and exports to consumption and services.
As the price of commodities has also plummeted, the economies of former models of solid growth, like Zambia, Angola and Mozambique, have tumbled.
Zhong Jianhua, China’s special representative on African affairs, said the summit meeting signalled the start of a new stage in relations — one marked by a “new normal” of slower growth in China.
“Both sides need to review and look back to see what we have done, and also see what we can do more,” Mr. Zhong said.
Expectations from African nations are high.
President José Eduardo dos Santos of Angola had met Mr. Xi the night before to emphasize the need to broaden China’s involvement in Africa’s economy beyond raw materials, said Samuel Andrade da Cunha, director of Asia and Oceania in Angola’s Foreign Affairs Ministry.
“We would like technology and everything to be transferred from China to Angola,” Mr. da Cunha said. “We would like to make products in Angola by building factories or developing agriculture in Angola, which we can then export to other countries.”

Low tariff scaring away investors – Pelpuo asserts

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