The government has officially announced the suspension of the VAT on electricity. Accra, Wednesday, 7th February, 2024… Reference is made to the Ministry of Finance’s (MoF) letter to the Electricity Company of Ghana, Ltd (ECG) and the Northern Electricity Distribution Company (NEDCO) on the above subject dated 12th December 2023; as well as MoF’s Press […]
In the wake of disagreements about the government’s decision to impose a new Value Added Tax (VAT) on electricity consumers beyond the lifeline threshold, the Electricity Company of Ghana (ECG), the implementing agency, has raised concerns about the law imposing the tax. Although ECG and the Northern Electricity Distribution Company (NEDCO) had been directed to […]
The Northern Electricity Distribution Company (NEDCo) yesterday cut power supply to two educational institutions in the Upper East Region over their indebtedness to the company. The affected schools are the Bolgatanga Technical University (BTU) and the Bolgatanga Nursing Training College (NTC). As of February 2023, the BTU owed NEDCo more than GH¢1 million, while the […]
The Auditor-General has uncovered financial irregularities amounting to about GH¢17.5 billion in the 2021 audit report of public boards and corporations and other statutory institutions. It represents a 36 per cent jump from the 2020 figure of GH¢12.85 billion. In the last five years, financial irregularities in public boards and corporations have hit over GH¢50.8 […]
The Ghana Police Service has interdicted four police officers for unprofessional conduct after they allegedly assaulted some persons in Tamale in the Northern Region on September 21, 2021. The four officers working with the Northern Regional Police Command were assigned to assist NEDCO/VRA officials to arrest some persons allegedly involved in illegal power connections. A […]
A staff of the Northern Electricity Distribution Company, (NEDCo) stationed in the Upper West Regional Capital, Wa has been shot dead by some criminals suspected to armed robbers. The deceased who is only known as Eric, was said to have taken three days off duty to attend to some personal business in Kumasi when the unfortunate […]
The National Democratic Congress (NDC) Minority in parliament has said government’s indebtedness to power sector entities as at the end of 2018 was over $2.3 billion ($2,378 million). It gave the breakdown as Karpower – $150 million, ENI – $160 million, NEDCo -$162 million, IPPs – $1 billion, GRIDCo – $171 million, and Ghana Gas […]
Information available to BestNewsGH.com indicates that the Northern Electricity Distribution Company (NEDCo) is demanding a 40 percent increase in electricity tariffs in order to enable it sustain its operations. According to the company, anything short of approving or granting the request will see the company collapse within the shortest time possible. A source within the […]
