“We have enough fuel, contrary [to claims] that the government doesn’t have money and we are mismanaging the energy sector, that is absolute balderdash”, Mr Aidoo said on Monday, 1 April 2019 at a press conference. On 28 March 2019, a former Minister of Power, Dr Kwabena Donkor, said Ghana’s energy sector is in “serious financial distress”. As we sit here, Ghana Gas owes GNPC over $500 million for gas supply because VRA is unable to pay, VRA is the major offtaker, they are unable to pay Ghana Gas. They are unable to pay Ghana Gas because ECG is unable to pay VRA for power generated. He explained: “In the power sector, if you take away salaries and wages, about 80 per cent of the payables of the sector is dollar-denominated and yet their receivables are cedi-denominated.

Source: GhanaWeb April 01, 2019 13:55 UTC