Home Business Minority MPs need comprehensive financial debt standing of ECG

Minority MPs need comprehensive financial debt standing of ECG

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The Minority in Parliament has billed the Power Minister, John Peter Amewu to disclose the total personal debt position of the electrical power sector.

This comes immediately after Mr Amewu at a push convention on Tuesday claimed credit card debt owed Electrical energy Business of Ghana (ECG) under the John Mahama administration summed up to ¢2.63 billion.

According to him, authorities had compensated ¢2 billion each year to include its bills with the ECG, thus, masking all the credit card debt in whole leaving a credit of ¢500,000.

Nonetheless, Ranking Member on Parliament’s Mines and Power Committee stated the claims made by the sector minister are untrue.

Adams Mutawakilu indicated financial debt gathered from 1992 to 2015 was $2.4 billion but in advance of previous President John Mahama still left business and with the introduction of ESLA, it dropped to $2.2 billion.

So there is no way, the Akufo-Addo government can go over the personal debt owed ECG in three several years by spending ¢2 billion every 12 months.

“We get in touch with on the Minister as a make a difference of urgency, permit the people know how significantly electricity sector personal debt is remaining.

“Because the financial debt is manufactured up of governing administration owing ECG, suppliers, banking companies, IPPs and other individuals,” he told Pleasure News’ Joseph Opoku Gakpo.

In accordance to the Damango MP, ECG owes Ghana Countrywide Gas Enterprise about $800 million, therefore, authorities has only settled the debt of just one aspect and it is declaring the glory of covering all the credit card debt owed by ECG.

“You can not measure your overall performance by just choosing a single item, analysing it and claim that you are doing well,” he stated.



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