Net debt owed banks and fuel suppliers alone under the energy sector debt hit 1.2 billion cedis at the end of 2016.
According to documents cited by Citi Business News as at 31st December, 2016 Government’s net debt in the Energy sector was 2.3 billion dollars.
A breakdown of the debt shows that the banks are owed 782 million dollars, while fuel suppliers are owed 440 million dollars.
The 782 million is debt owed the banks by state owned power producer Volta River Authority (VRA).
VRA also contributed 278 million dollars to the 440 million dollars owed fuel suppliers, while TOR contributed 162 million dollars.
Other entities owed include GRIDCo, NEDCo, Asogli, CENIT, Bui, Ghana Gas, BOST, GNPC and other power producers.
The infograph below explains further.
–
By: Vivian Kai Lokko/citibusinessnews.com/Ghana
We’ll no longer tolerate your empty, unwarranted attacks – TUC blasts Prof Adei
Bawumia donates GHc200,000 to support Madina fire victims
IMF to disburse US$360million third tranche to Ghana without creditors MoU
Truck owner share insights into train collision incident
Paramount chief of Bassare Traditional Area passes on
Two teachers in court over alleged illegal possession of BECE papers
Sunyani: Victim allegedly shot by traditional warriors appeals for justice
Mahama vows to scrap teacher licensure exams, review Free SHS policy
Government will replace burnt Madina shops with a new three-story, 120-store fac...
