Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Govt clears N-Gas debt

  • SOURCE: | qwesa2big
  • President Nana Addo Dankwa Akufo-Addo has revealed that his government has paid the debt Ghana owed Nigeria Gas (N-Gas). Ghana owed N-Gas to the tune of US$60 million, according to the president.

    It is recalled that during the erstwhile John Mahama administration, Nigeria cut gas supply to Ghana over several millions of dollars’ indebtedness.

    The development led to Ghana losing about 600 megawatts of power from the country’s national electricity grid.

    The situation worsened the energy situation in Ghana because most of the thermal plants in the country ran on gas.

    During the electioneering period, the then candidate of the New Patriotic Party (NPP) promised to pay off the debt as a way of dealing with the energy situation.

    Accordingly, he has indicated that his government has paid off the debt.

    He tweeted on Thursday April 13: “Keeping my promise, Ghana’s debt to Nigeria Gas, US$60million paid.”

     

    Source: Classfmonline

    Leave a reply

    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar