Electricity Company of Ghana expresses concerns over commentaries within the public space
In regards to Government’s announcement of the payment of its debts.
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Kwame Agyemang-Budu, Managing Director of the company in a signed statement
clarified some apparent misconceptions in the public about the announcement.
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The statement pointed out few things as quoted;
“We established that as at end of 2016, total GoG indebtedness to ECG netting off all government payments was Ghc 2.63 billion,”
“ECG further realized that between 2017 and 2019 GoG averagely paid GHC2 billion directly to ECG’s suppliers (I.e. VRA, IPPs and GRIDCo) to defray GoG’s indebtedness to ECG.”
“total GoG account as at end of 2019 has a credit balance of GHC505.8 billion.”
GoG’s average bill of GHC100 million a month, the outstanding GoG credit of GHC 505.8 billion is enough to pay its bill for January to April 2020.
