The Convention Peoples Party (CPP) on Saturday marked the 61st anniversary of \u201cPositive Action Day,\u201d with a declaration that \u201cthe principle of Oil backed loans is not a bad one\u201d.
\nThe party, however, noted that a CPP-led government would have selected three distinct areas which will add value to the economy and create more revenue to invest in the obvious infrastructural deficit. \u201cWe would seek to collateralize to build a gold refinery factory so we could add value to gold in the country instead of being a net producer and earn the economy additional revenue from this resource.
\n\u201cWith the Gas infrastructure being crucial to the country\u2019s electricity and industrial development agenda, we would collateralize to build our gas plant in record time the same as we\u2019ve done for our Oil production,\u201d Mr Kwame Jantuah Junior, CPP Shadow Cabinet member for Energy stated at a press conference in Accra to mark the Action day.
\nAt the press conference which was the 12 in the series on \u201cHOW CCP WILL DO IT\u201d \u2013 ENERGY SECTOR,\u201d the party said: \u201cWe will collateralize to develop our human resource capacity especially in our universities, technical and vocational institutions and further help local content companies to build capacity to compete effectively in the industry both locally, in the sub region and internationally.
\nFocusing on the electricity sector, Mr Jantuah said the party was satisfied to some degree with the institutions that were handling the generation of power in the country. However, a CPP government would ensure that stringent but realistic quality of services benchmarks under relevant regulations were adhered to by the utility service providers.
\nHe said the government would ensure that \u201cfailure to comply with these benchmarks will result in applying hefty penalties and sanctions under the regulations and we\u2019ll make sure that this is enforced. \u201cA CPP government would hold to task the Public Utilities Regulatory Commission, especially where there has been an increase in tariffs as is experienced today to enforce their key targets for achieving quality of service.
\n\u201cA CPP government will endorse and discuss with all stakeholders a major review of the tariff system to make it applicable to today\u2019s electricity needs of our country\u2019s development. \u201cHave a holistic audit conducted of the country\u2019s electricity infrastructure to ease out those old and antiquated equipment that hinder the smooth distribution of power that will be the cornerstone of our country\u2019s industrial development\u201d.
\nThe CPP said it would also encourage the use of alternative renewable sources of energy in the country and will with the Energy Commission begin to put together the case for the use of solar energy through the establishment of solar farms on a mass scale.
\n\u201cA CPP government will hold ECG to task with regards to the lapses in distribution and the frequent outages once the infrastructure is upgraded and investment is in place, as we would be calling on our development partners to assist with upfront funding of the refurbishment of the utility companies as a preparation for their developing a sound balance sheet for an effective utility service delivery,\u201d he said.
\nOn oil and gas, the CPP said it would see to the prudent targeting of the country\u2019s oil and gas revenues and with all stakeholders drafting and bringing into being a National Development Plan that would take into consideration all the potentials of the 10 regions on an integrated basis.
\n\u201cWe believe such a plan will stave the kind of agitation beginning to rear it\u2019s head in the Western region and can create dire consequences for our nation,\u201d the party stated.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Convention Peoples Party (CPP) on Saturday marked the 61st anniversary of \u201cPositive Action Day,\u201d with a declaration that \u201cthe principle of Oil backed loans is not a bad one\u201d. The party, however, noted that a CPP-led government would have selected three distinct areas which will add value to the economy and create more revenue […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-273269","post","type-post","status-publish","format-standard"],"yoast_head":"\n