Ghana's energy sector debt reduced to $1.5 billion – Amewu – Citi Business News
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Ghana's energy sector debt reduced to $1.5 billion – Amewu – Citi Business News


Summary short_text

Former Energy Minister, John Peter Amewu has revealed that the government has reduced the country's energy sector debt by about 45%. He added that all monies government owed the Electricity Company of Ghana ECG has also been paid.
"The energy sector debt stands at about $1.5 billion from a figure of about $2.7 billion. l have stated earlier on that the Ministry of Finance has already cleared all the debt it owes ECG, so the debt today is about $1.5 billion through reconciliation and l think that is a very gud effort by this government".
"The electricity relief which we call the COVID-19 relief that his Excellency Nana Addo Danquah Akufo-Addo introduced basically was to address the suffering of Ghanaians during the peak period of the COVID-19. A total of close to 1 billion Ghana Cedis was paid and this has been segmented between ECG, GRA, and then NEDCO. The total payment is about 1 billion cedis."


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