Government clears GHS2 billion ECG debt

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The Electricity Company of Ghana (ECG) has provided clarity on the raging controversies surrounding the government’s payment of debts owed the power producing company.

Ghana’s Energy Minister, John Peter Amewu, had claimed at a press briefing that the government had paid all arrears owed including the Covid-19 electricity relief cost.

But the Minority in parliament had challenged the claims by the Minister, describing the pronouncement as inaccurate.

However, in a statement, the ECG said the government had “averagely paid GHC2 billion directly to ECG’s suppliers (i.e VRA, IPPs and GRIDCo) to defray GoG’s indebtedness to ECG.”

The ECG confirmed the payment in a statement signed by its Managing Director, Kwame Agyeman- Boadu.

It added that government had also paid an amount of GHC4.14 billion to various fuel suppliers and power producers.

The company extended its appreciation to the government for its intervention, saying the “company’s balance sheet is now stronger than before.”

See full statement below:

By Jonathan Ofori, Daily Mail GH

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