The Power Minister, Peter Amewu suggests Ghana’s power sector is progressively receiving out of the woods.
He famous that at the close of 2019, government had compensated all of its costs to the Energy Corporation of Ghana (ECG), leaving a credit of ¢500,000.
He reported President Akufo-Addo’s federal government is committed to addressing the money difficulties of the strength sector and that they had been on system to satisfying it.
Mr. Amewu explained this on Tuesday in Accra, when he gave an update on initiatives remaining created by the authorities to very clear some of its fantastic debts owed to ECG, throughout the satisfy the push collection organised by the Ministry of Information and facts.
He stated on assumption of office environment (in 2017), the administration was confronted with a huge indebtedness to ECG stating that “As of December 2016, when the NDC (Nationwide Democratic Congress) left workplace, then under former President John Dramani Mahama, the full costs owed ECG by federal government at that time was ¢2.63 billion”.
He explained the NPP authorities on assumption of place of work, ensured that it was existing on bills incurred in the course of its tenure from 2017 to date.
He reported the government had compensated two billion Ghana cedis annually to include its costs with the ECG.
“Today, at the finish of 2019, all government expenses with ECG have been paid and authorities has a credit rating of ¢500,000.00 with ECG.
“With an typical invoice payment of about ¢100,000.00 per thirty day period, the credit score balance of above ¢500,000.00, is enough and extra than sufficient to spend for governing administration expenditures from January to April 2020,” Mr. Amewu mentioned.
He reported an added payment of ¢4.14 billion experienced also been created to various gasoline suppliers of power producers, which is nevertheless to be credited to government in an ongoing reconciliation work out.
He explained the electrical power sector reform programme, which was instituted had now been authorised by Cupboard.
“I am satisfied to report that under the vitality sector reform programme, federal government will continue to work towards a reliable and helpful energy business in this interval,” the Minister reported.
With regards to the government’s utility mitigation offer for Ghanaians, Mr Amewu said, Governing administration has previously made some payments to ECG as a final result of the Covid-19 (power) subsidy that was launched for a time period of 3 months.
“You will recollect that President Akufo-Addo manufactured a broadcast to the country that as aspect of the alleviation technique for the duration of the period of the COVID-19 Ghanaians are predicted to delight in some reliefs from utility businesses,” he said.
“And I am delighted to announce that that procedure is at this time ongoing. Customers during the country have demonstrated and testified that this aid from the Government is basically actual,” Mr. Amewu extra.