Positive news for Ghana’s Power sector as General Electric and its partners Endeavour and Finagestion sign a deal for the project dubbed Ghana 1000 project, an integrated gas-to-power initiative which is expected to deliver more than 1,000 MW of electricity to Ghana’s national grid from 2017. It’s a silver lining against the backdrop of further power ration in the next ten months because the Government, and in particular the Volta River Authority, lacks spare capacity to replace plants shut down for repair. Ghana currently is able to supply 2,000 MW of power out of the installed capacity of 2,800 because of ongoing maintenance on plants. This has had the knock on effect of inflation surges on utilities which are at a re-cord high. Figures from the Ghana Statistical Service indicate that inflation for the month of April 2014 has increased from 14.5 percent in March to 14.7 percent. This is, so far, the high-est since April 2010. In other news, a report just released by Global Financial Integrity, has shown that the Government of Ghana lost potential tax revenue of US3.86 billion between 2002 and 2011. The report said the under-invoicing of exports was the primary method for shifting money illicitly out of the country while the under-invoicing of imports was used mainly to illegally smuggle capital into the country. As a result of these illicit financial deals, Ghana’s tax loss has been put at roughly 11 percent of total government revenue during the 10 year period. It is a devastating loss that is shared by many sub-Saharan countries and it should be a priority for heads of state’s list to cooperate in order to dramatically reduce the thriving business. President Mahama, last week, attended the World Economic Forum and engaged in a discussion with Nigerian President Jonathan Goodluck over terrorist threat concerns sparked by Boko Haram’s abduction of over 200 school girls in the north-eastern Borno State. As Chairman of ECOWAS the Ghanaian President rightly said that any threat to the stability of Nigeria is a threat to the region.