Skip to main content

Sales of power banks and other rechargeable appliances surge

By: Raphael Apetorgbor- Daily Express

The sale of rechargeable gadgets especially power banks, has increased over the past few months, vendors of such products have disclosed.

Random  checks  conducted  by the Daily Express at some sale points revealed that  in the wake of  the  ongoing erratic load shedding exercise  by the Electricity Company of Ghana (ECG) ,  power banks  are fast becoming the best companion for many smartphone freaks who can’t afford  to see their handsets drained out of power.

The high demand for  such gadgets , according dealers and users  has led to hikes in their prices, with checks revealing  that a power bank  used in charging a mobile phone with a capacity of 5,000 mAh (milliampere-hour ) is now selling  between GHc 120 to GHc 150, dwarfing the price of same product which was pegged between  GHc 110 to GHc 120 in December last year.

Ms. Sika Agbo, a trader of rechargeable gadgets at Kwame Nkrumah Circle told this paper that the rise in the prices of the power banks are as a result of hikes on retail prices and the high demand .

“The sales of power banks and rechargeable lamps has more than doubled over the past months due to the intensity of the  load shedding and  it  good for me, ( businesswise) ” she noted smiling. She explained that most of these  gadgets   are imported from China and other Asian countries.

With regards to the sale of rechargeable lamps  ,  prices has also gone compared  how much they were also sold last year.  Averagely retail prices of these laps increased by GHc5 compared to two months ago.

" A lamp sold at a retail price of GHc 17 earlier is now  GHc 25  so we have no option  than to also increase the prices. We are capitalizing on the load shedding issue”, a hawker  at Lapaz,  told the Daily Express.

Most dealers of rechargeable products told this reporter that they have been working around the clock to keep up with demand and have been bringing in new stock regularly.

Similarly, visits to other electrical shops proved that there is high demands in rechargeable electric fans.
According to the Ministry of Energy, Ghana has an installed power capacity of 1960 megawatts with a demand of about 1400 megawatts. This demand is said to be growing at an annual rate of 10%.

The growing demand, climate change and   intermittent interruptions in supply has led to pressure on the national grid ,  with the government is assiduously working to arrest the situation.


Popular posts from this blog

PFM Act to guide local government authority borrowing

By: Fred Yaw Sarpong
The bill, Public Financial Management (PFM) Act 921 which has been passed into law by Parliament is to guide public institutions especially the local government authority borrowing. The law was pass on 3rdAugust, 2016
According to the law, local government authority, a public corporation or state-owned enterprise is liable for the debt and other obligations without recourse to Government, unless otherwise explicitly guaranteed by Government in accordance with this Act.
Madam Eva Esselba Mends, the Chief Economic Officer and Group Head of PFM at the Ministry of Finance told the Daily Express that the law involves a lot but it also give instruction to how state institutions can borrow especially with the  local government authority.
She mentioned that there is no specific law in place that gives direction as to what local authority can do when it comes to borrowing by the authority. Other public corporations sometimes borrow with huge amount for their operation but loca…

Vodafone fined a record £4.6 million for IT blunder

A top-up error left pay-as-you-go customers out of pocket and complaints were mishandled
Vodafone has been fined a record £4.6 million by the telecoms watchdog forleaving thousands of customers out of pocket in a disastrous IT blunder.
Ofcom found that the operator mishandled complaints and failed to pay into the accounts of more than 10,000 pay-as-you-go customers when they topped up their credit.
The top-up error, which cost customers £150,000 over 17 months in 2014 and 2015, stemmed from the moving of 28.5 million accounts to a new billing system.Errors in billing data and price plans caused so much protest that it made Vodafone the most complained-about mobile network in Britain.The technical issues were resolved by April 2015 and all accounts are now on the new system, Vodafone said.
Lindsey Fussell, Ofcom’s consumer group director, said:“Vodafone’s failings were serious and unacceptable, and these fines send a clear warning to all telecoms companies.”
The company says that it has ref…

Enterprise Life inaugurates social centre for Kumasi SOS village

By: Fred Yaw Sarpong
Enterprise Life and Sanlam South Africa together with SOS Children’s Villages Ghana have jointly inaugurated a newly constructed social centre at the SOS Children’s Village, Kumasi in the Ashanti region.
The project, valued at GHc485,000.00 forms part of Enterprise Life and Sanlam-South Africa’s corporate social responsibility (CSR) to promote quality education and health for vulnerable children in Ghana.
The newly established social centre provides a suitable multi-purpose facility with a spacious auditorium among others to host different social activities related to child growth and development and will cater for both SOS children and students of the Hermann Gmeiner School.
The centre also offers the beneficiaries the opportunity to freely socialize and participate actively in educational oriented activities such as school concerts, art exhibitions and workshops.
The Executive Director of Enterprise Life, Mrs. Jacqueline Benyi expressed satisfaction that her outf…