Dumsor: Cedi depreciation contributing to high debt on power companies – NDC - News Summed Up

Dumsor: Cedi depreciation contributing to high debt on power companies – NDC


“The debt situation in the energy sector is being worsened by the continuous depreciation of the Cedi and the mismanagement of the NPP-appointed managers of the utility companies, and the PURC. We are aware that the various Utility Companies have accumulated debt post the legacy debt to the tune of about GHS2 billion in just two years. The debt situation in the energy sector is being worsened by the continuous depreciation of the Cedi and the mismanagement of the NPP-appointed managers of the utility companies, and the PURC. The answer is simple: we are back in Dumsor because of the Akufo-Addo government’s ineptitude and its mismanagement of the Energy Sector. CONCLUSIONThe facts available to us on the happenings in our power sector point to a far scarier picture than the Akufo-Addo government is vainly seeking to portray.


Source: GhanaWeb April 02, 2019 13:41 UTC



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