In their view, the plan will bring relief to affected entities and revive the energy sector. Government has announced plans to issue a 15-year bond to settle all outstanding debts in the energy sector. The move is also aimed at improving the financial strength of the State Owned Enterprises (SOEs) in the energy sector and make them competitive. Government’s indebtedness to the energy sector has been cited as one major threat to the growth of the sector. Meanwhile, banks are also optimistic of significant improvement in their non-performing loan portfolios as government initiates moves to clear all outstanding debts owed them.

Source: GhanaWeb May 04, 2017 01:07 UTC