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.

Comments

Popular posts from this blog

Akuapem-Apirede to promote tourism

By: Fred Yaw Sarpong sarpong007@gmaail.com
The Chiefs and people of Akuapem-Apirede in the Okere Constituency of the Akuapem North Municipality have put in place strategic plans to promote tourist sites in the town.
Apiredehene, Nana Saforo Okoampah III told the Daily Express that their vision is to develop Apirede in a modern way.
“We want to have a modern society and environment. We are doing this on the basis of promoting tourism here,” he added.
According to the Apiredehene, it’s their plan to promote the historic sites and the geographical location of the community.
Apirede is one of the 17 towns that forms the Akuapem State and historically, it used to house the armours of the Akuapem State. The community is part of the Nifa division of Akuapem.
He stated that one of those things was called ‘Odosu’ (the war god for Okuapemhene). “The Chief Executioner in those days for Akuapem also came from Apirede and items that he used were also kept here,” he stated.
“These are a lot of things …

PIAC told to go to court to enforce recommendations

By: Fred Yaw Sarpong
sarpong007@gmail.com

The Public Interest and Accountability Committee (PIAC), the mandated body to monitor the use of Ghana’s oil revenues has been asked to go to court to seek strict compliance of the laws covering accountability of oil funds in the country.

According to Dr. Steve Manteaw, the Campaign Coordinator for ISODEC and a member of the PIAC , it’s time for PIAC as a body to consider going to court to compel institutions responsible for managing Ghana’s oil revenue to answers some questions concerning the expenditure of oil funds.

He pointed out that there are several recommendations made by the PIAC in its past reports on management of petroleum revenues, and a lot of these recommendations has received no positive response from the institutions concerned.

He disclosed this to the Daily Express at a three-day workshop on Interrogating the 2016 Semi Annual PIAC Report at Koforidua in the Eastern Region.

The workshop was organized by the Institute of Financ…

BoG shuts down two financial institutions

The Bank of Ghana has closed down two financial institutions in the country. This was after the central bank investigation revealed that the two companies were operating without approval.

The two companies were Agro Development Fund Services Limited (ADFSL) and Hebron Financial Investment Limited (HFIL).

The Daily Express gathered that the ADFSL was asked to stop operating after the central bank realized the institution had not been licensed to take deposit from the public.

A statement from BoG said the ADFSL continued to operate despite the orders from the Bank of Ghana. It however closed down ADFSL’s operation until further notice.

The Bank of Ghana said that the ADFSL is located at Asufufu, opposite the Sunyani Traditional Council in the Brong Ahafo region.

“The decision to close down ADFSL is in furtherance of section 20(2) (g) of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930). Bank of Ghana has investigated ADFSL thoroughly and has concluded that its a…