Ghana - Current economic position and prospects (Vol. 8 of 10)

RESTRICTED F!R np A XAI4 0 \IM% Q This repinrt wns nrtnrepere fnr usc tihin tke B"n k aindi itsc afP:.itdonnzto They do not accept responsibility for its accuracy or completeness. The report may not be published nor,:2 may ibe quoted sn representiand t2er views INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION THE CURRENT ECONOMIC POSITION AND PROSPEC'TS GHANA (in ten volumes) Trn-- T1.- *TI TTIT VO.LUMElU VIII ELECTRIC POWER AND TE;LEOUMMUN1CA'iT10N- Uclouer 26, 197v Western Africa Department  CURRPNrY ERTTVAT.FNTl. 1 New Cedi = US$0.98 1 dollar = N, 1.02  THE MISSION This annex is based on the findings of a Tnision in Anril and May 1970 to Ghana composed of: Mr. Barend A. de Vries Chief of Mission Mr. Fateh Chaudhri General Economist Mr. Thomas Klein Balance of Payments & External Debt Miss Katharine Mortimer Population, Employment & Education Mr. M. Tahetr Dajani* Fiscal Mr. Ved Gan,dhi Fiscal Mr. Nake Kamrany Social Sector Mr. Jivat Thadani Industry Mr. Alfredco Soto Transport Mr. Hans Schulte Transport Mr. Charles Metcalfe Agriculture Mr. Bruce Johnston** Agriculture Mr. Merrill Bateman** Cocoa Mr. Herman Nissenbaum Project List Mr. John Weston Electric Power Mr. Edward Minnig Electric Power Mr. S. Rangachar Research Miss Beverley Baxter Secretary * Seconded by the International Monetary Fund ** Consultants This; volume has been prepared by Mr. Edward Minnig. The section on telecommunications was written by Mr. C. Vasudevan.   TABLE OF CONTENTS Page No. SUMMARY ............. .................................. i INTRODUCTION ......... ................................. 1 ELECTRICITY CORPORATION OF GHANA ...................... 2 General ......... ................................. 2 F acili3t,'es .................................................. 2- The Power Market ................................. 2 Management and Organization ...................... 4 Future Development ............................... 5 Electrification of Urban Centers ifi Rural Districts ...................................... 6 Financial Situation and Prospects ..... ........... o Past Earnings ............................., 8 Present Financial Situation ................. 8 Accounts Receivable ......................... 8 Financing Plan 1970-1974 ..... ............... 10 Financial Prospects ......................... 10 THE VOLTA RIVER AUTHORITY ............................. 11 General ......... ................................. 11 Organization and Management ...................... 11 Existing Facilities .............................. 12 Construction ..................................... 12 Power Market ..................................... 13 Future Developmnent ............................... 13 Financial Situation and Prospects .... ............ 14 Past Earnings ............................... 14 Present Financial Situation .... ............. 15 Financing Plan 1970-1975 ..... ............... 17 Financial Prospects ......................... 17 THE CONSOLIDATED POWER SECTOR ......................... 18 Financial Consequences of a Merger .... ........... 19 ENERGY RESOURCES ...................................... 21 Hiydro . ........................................... 21 Fossil and Liquid Fuels ...... .................... 23 Timber . ........................................... 23 Conclusions ......... ............................. 24 ELECTRICITY TARIFFS ................................... 24 CONCLUSIONS ON ELECTRIC POWER ......................... 26 TELECOMMUNICATIONS .................................... 27  Table of Contents (Continued) List of Annexes Electricity Corporation of Ghana 1. Actual and Forecast Generation. Sales. Maximulm Demand 1965-1978 2. Actual and Forecast Sales and Revenues 1965-1978 3. Organization Diagram Volta Rie7pr Alt-hrirtv 4. Actual and Forecast Generation, Sales, Maximum Demand, Revenues 5. Organization Diagram Map  SUMMARY L.